Oracle Updates Long-Term Financial Outlook, Sees Free Cash Flow Turning Positive in 2028

Oracle updated its long-term financial outlook, expecting free cash flow to turn positive in 2028, with a target of at least $30 billion in 2029.

The company’s capital expenditures will peak in 2027 and 2028, with a decline expected in 2029.

Oracle aims to achieve positive free cash flow in the second half of 2028 and start generating cash from operations in 2029.