Key facts
- Oracle expects positive free cash flow in the second half of fiscal year 2028.
- Free cash flow is projected to exceed $30 billion in fiscal year 2029.
- The company targets over $225 billion in revenue by fiscal year 2030.
- Oracle aims for non-GAAP EPS to surpass $21 by fiscal year 2030.
Oracle expects to achieve positive free cash flow in the second half of fiscal year 2028 and anticipates exceeding $30 billion in fiscal year 2029, according to CFO Hilary Maxson. The company shared these projections at its investor day on Wednesday. Oracle has also set ambitious long-term financial targets, aiming for total revenue to surpass $225 billion and non-GAAP earnings per share to exceed $21 by fiscal year 2030. These goals are supported by a projected compound annual growth rate of over 35% from fiscal year 2026 and an anticipated non-GAAP operating margin of 40% or higher.