GoKawiilOracle shares rose 9% on Wednesday after the company posted robust fiscal third-quarter earnings and assured analysts that the company does not plan to raise any additional debt in 2026 beyond what was already announced.
"Investing in AI infrastructure is capital-intensive, but our operating model is optimized to ensure profitability," CEO Clayton Magouyrk said on the company's earnings call Tuesday.
The hyperscaler has drawn skepticism for the financing measures funding its data center construction.
Last month, the company said it intends to raise up to $50 billion in 2026 with a combination of debt and equity, with no expectations to issue additional bonds.
Magouyrk addressed the company's artificial intelligence infrastructure growth plans on the analyst call.
"We have signed more than $29 billion of contracts since then across multiple customers using that new model," Magouyrk said. "A combination of bring-your-own-hardware and up-front customer payments enables us to continue expanding without any negative cash flow from Oracle."