Oracle shares fall after larger capital raise and cash concerns

6/13/2026

Oracle shares fall as financing plans spark cash-use concerns during AI buildout. Revenue beat estimates, but heavy spending and $40B funding plans may pressure returns.

Oracle shares dropped after the company said it plans to raise more money than expected through debt and equity, adding to investor concerns about cash use during its AI buildout. The software maker reported fiscal fourthquarter results that beat analyst estimates for revenue and adjusted earnings, with revenue up 21% to $19.18 billion. Even so, Oracle said negative free cash flow for the year reached $23.7 billion. Oracle now expects to raise $40 billion in total financing, including a previously announced $20 billion share sale. The company also said capital spending rose sharply and that it expects heavy spending to continue into fiscal 2027, while maintaining its longterm revenue outlook and lifting its adjusted earnings forecast for the next fiscal year.