Key facts
- Larry Ellison canceled his plan to sell 50 million Oracle shares.
- No Oracle stock was sold under the canceled plan.
- Ellison has no other plans to sell his Oracle stock.
- Oracle expects to raise $45 billion to $50 billion in 2026 for cloud infrastructure.
- The company plans to raise $40 billion through debt and equity financing this fiscal year.
Oracle Executive Chairman Larry Ellison has canceled his plan to sell 50 million shares of Oracle stock, the company announced on Saturday. The company stated that no shares were sold under the plan and that Ellison has no other plans to sell his holdings. This decision comes a day after Ellison had indicated that a trading plan would permit him to sell up to 50 million shares.
Oracle is seeking to raise significant capital to support its cloud infrastructure growth. The company expects to secure between $45 billion and $50 billion in 2026 through a combination of debt and stock financing to meet demand from major clients including AMD, Meta, Nvidia, OpenAI, TikTok, and xAI. For the current fiscal year, Oracle plans to raise $40 billion via debt and equity, having already completed a $20 billion stock sale in the first quarter.
In a regulatory filing on Friday, Oracle disclosed that restructuring costs, part of a plan that includes job cuts, are expected to increase by approximately $700 million. This comes amid a volatile period for the company's stock, with investors appearing divided between optimism for its AI-driven growth and concerns about its funding strategies. Oracle's shares initially rose as much as 7.8% on Friday following a $26 billion increase in its revenue backlog, which eased some worries about its debt-financed expansion. However, the stock reversed course to close down about 2%, as analysts noted that a recovery in cash flow is still some time away. Despite this, upbeat first-quarter earnings and an improving balance sheet have helped Oracle's shares rebound from a period of underperformance.