Overview
- Oracle reports fiscal Q2 after the close, with consensus at roughly $1.64 in EPS and about $16.2 billion in revenue, and OCI projected to grow roughly 68% to around $4.1 billion.
- Shares have fallen about one‑third from September highs, options price an approximately ±10% move on the print, and five‑year CDS recently hit multi‑year highs.
- Total debt is cited around $105 billion to $112 billion after large bond sales, including roughly $25.8 billion this year and an $18 billion issuance in September, against a BBB credit profile.
- Capital spending has accelerated to about $8.5 billion as Oracle builds AI data centers, with additional construction loans secured for projects in New Mexico and Wisconsin.
- RPO surged to roughly $455 billion, including a reported ~$300 billion OpenAI commitment expected to ramp later in the decade, leaving investors to balance long‑dated backlog against near‑term cash needs.