Oracle CFO: Plans to add 7 gigawatts of data center capacity over the next two years

Oracle CFO Hilary Maxson said the company plans to add 7 gigawatts of data center capacity over the next two years, bringing its total to 10 gigawatts, as cloud infrastructure demand remains strong. Customers continue signing contracts spanning two to four years, and Oracle sees no sign of demand shifting, though securing land, power and equipment makes bringing large data centers online difficult. The company has said it expects fiscal 2030 revenue above $225 billion, with capital expenditures peaking in fiscal 2027 and 2028 and positive free cash flow beginning in the second half of fiscal 2028. The buildout matters because it tests whether Oracle can convert a large contracted backlog into operating capacity fast enough to justify its spending plans. Watch for progress on power and equipment procurement, capex timing and any change in multiyear contract signings.