Capex tracker
How much does Oracle spend on capex each quarter?
Oracle reported $28.5 billion of capex (“capital expenditures”) for the quarter ended Aug 31, 2026, up 235% from $8.5 billion a year earlier. The figure is from its 10-Q filed with the SEC on Sep 11, 2026.
What was Oracle’s capex in each recent quarter?
Oracle’s quarterly capex is up 235% from a year earlier
| Quarter ended | Calendar quarter | Capital expenditures | Filing |
|---|---|---|---|
| Aug 31, 2026 | Q3 2026 | $28.5 billion | 10-Q, filed Sep 11, 2026 |
| May 31, 2026 | Q2 2026 | $16.5 billion | 10-K, filed Jun 22, 2026 |
| Feb 28, 2026 | Q1 2026 | $18.6 billion | 10-Q, filed Mar 11, 2026 |
| Nov 30, 2025 | Q4 2025 | $12.0 billion | 10-Q, filed Dec 11, 2025 |
| Aug 31, 2025 | Q3 2025 | $8.5 billion | 10-Q, filed Sep 11, 2026 |
| May 31, 2025 | Q2 2025 | $9.1 billion | 10-K, filed Jun 22, 2026 |
Line used: “Capital expenditures”. Cash paid for capital expenditures, from the investing section of the cash flow statement. Oracle’s fiscal year ends May 31, so its quarters end in Aug, Nov, Feb and May. Oracle also reports a separate “net cash outlay” measure that subtracts some financing; this page uses the cash flow line. Quarters are placed in the calendar quarter that holds most of the period; the table gives the true period end. Each quarter is the difference between year-to-date totals in the filing linked in the last column.
What capex does Oracle expect in 2026?
Oracle’s latest earnings release (Sep 10, 2026) does not state a full-year capex figure, so none is shown. The Census does not use remarks from earnings calls or analyst estimates.
How big are Oracle’s lease commitments that have not started?
Oracle reported $288.0 billion of leases not yet commenced as of Aug 31, 2026. Additional lease commitments, substantially all for data centers, not yet on the balance sheet. Generally expected to commence between the second quarter of fiscal 2027 and fiscal 2029, with terms of 15 to 19 years. 10-Q filed Sep 11, 2026, Note 6, Leases and other commitments.
A signed lease that has not begun is not on the balance sheet and is not in capex. Definitions differ by company, so compare with care.
Which data centers is Oracle building?
5 tracked projects name Oracle as a developer, operator or tenant in the Census.
- Project Jupiter, New Mexico · 2,460 MW published
- Vantage Frontier Campus, Texas · 1,400 MW published
- Saline Township Stargate Data Center, Michigan · 1,383 MW published
- Port Washington (Lighthouse) Data Center Campus, Wisconsin · 1,300 MW published
- Stargate Abilene, Texas · 1,200 MW published
Oracle capex: common questions
How much did Oracle spend on capex last quarter?
Oracle reported $28.5 billion on “capital expenditures” for the quarter ended Aug 31, 2026, up 235% from $8.5 billion a year earlier. The figure comes from its filing with the SEC.
What capex does Oracle expect in 2026?
Oracle’s latest earnings release (Sep 10, 2026) does not state a full-year capex figure, so the Census shows none.
What are Oracle’s lease commitments that have not started?
Oracle reported $288.0 billion of leases not yet commenced as of Aug 31, 2026. Additional lease commitments, substantially all for data centers, not yet on the balance sheet. Generally expected to commence between the second quarter of fiscal 2027 and fiscal 2029, with terms of 15 to 19 years.
Is Oracle’s capex all AI spending?
No. The figure is total capex from the cash flow statement. Oracle does not split it into AI and other spending in the line used here, so the Census does not call it AI capex.
Sources: Oracle 10-Q for the quarter ended Aug 31, 2026 · Oracle first-quarter fiscal 2027 earnings release (EX-99.1).
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Cite this page
Last updated Oct 31, 2026. Figures may change as records are updated — include the date you retrieved them.
| APA | Data Center Census. (2026). Oracle capex. Retrieved from https://datacentercensus.com/ai-capex/oracle |
|---|---|
| MLA | “Oracle capex.” Data Center Census, Oct 31, 2026, https://datacentercensus.com/ai-capex/oracle. |
| Link | https://datacentercensus.com/ai-capex/oracle |
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