Meanwhile, Oracle has also turned to bonds to raise capital like the other hyperscalers, finishing its most recent full fiscal year with $92.6 billion in total debt outstanding. In the first half of its current fiscal year, the figure ratcheted up to $108.1 billion following a massive September 2025 issuance of $18 billion in notes with maturities ranging from 2030 to 2065. Oracle has also disclosed a further $248 billion in future data center lease obligations not yet on its balance sheet that it is hoping will translate into customer demand and rising revenues.
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