GW-proxy caveat: Oracle does not disclose data-center MW/GW capacity. This chart plots USD billions capex actuals (quarterly proxy) vs FY2026 capex guidance vintages (original >$25B at FY2025-FQ4; latest revision per quarter). Not convertible to GW without undisclosed assumptions.

Oracle (ORCL) — Infrastructure Spend Proxy: Actual vs Guidance

Capex actual (quarterly proxy) Latest FY2026 capex guidance vintage Original FY2026 capex guidance (>$25B, FY2025-FQ4)

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