Oracle just dropped a ripple into the cloud waters: CTO Larry Ellison boldly declares Oracle will build more cloud data centers than all other infrastructure competitors combined. This bombshell, delivered during a Q4 2025 earnings call, comes on the heels of a strong quarter: $15.9 billion in revenue, up 11% year-over-year, with cloud infrastructure (IaaS) growing a striking 52% to $3 billion.
CFO Safra Catz added fuel to the fire, forecasting cloud infrastructure growth accelerating from 50% to over 70% in fiscal 2026, and predicts total cloud growth (IaaS + SaaS) will jump from 24% to over 40%. Her message: Oracle’s cloud demand far exceeds current capacity, and with RPO (reserved purchase orders) surpassing $10 billion, the company can’t build fast enough.
Oracle’s capex commitment rings unsurprisingly large—$21.2 billion spent in FY 2025, with $9.1 billion in just the last quarter. Expectations for 2026 land around $25 billion, potentially even higher. These numbers trail only behind much larger budgets pledged by AWS, Microsoft, Google, and Meta, but Catz emphasizes that Oracle isn’t just building—they’re filling new data halls “as fast as we can.”
Ellison underscored the company’s multi-cloud pivot: 23 Oracle Multicloud data centers operate now, with 47 more in construction. Plus, 29 Oracle Cloud@Customer sites already in use, and another 30 on the way. Partnerships with heavyweights like OpenAI and Chinese e-commerce giant Temu underline the demand-driving force behind this push.
What does this mean for the cloud landscape? Oracle is sending a clear signal: it won’t merely chase AWS, Azure, and Google—it intends to outbuild them. This infrastructure arms race may reshape how cloud capacity pods scale in the AI era, and could redefine how service flexibility, latency, and sovereignty factors get prioritized worldwide.
Whether Ellison’s grand claim proves grounded or hype-filled, one thing is certain: Oracle wants the infrastructure narrative—and for the FY 2026 cloud wars, it’s betting the farm.
