Oracle shares tumble 11% on increased capital raise, cash concerns

2026-06-12

Oracle has told investors to expect an additional $20 billion capital raise. It also reported negative free cash flow for the year. Oracle saw an increase in revenue for the fiscal fourth quarter, but its AI buildout has caused capital expenditures to jump 162% to $55.7 billion. Investors are concerned about whether the company's massive amount of spending will result in profit growth.