Oracle has secured what’s believed to be the largest cloud deal in historical past, with an unnamed buyer committing to spend greater than $30 billion a 12 months on its providers from the 2028 monetary 12 months.
The $30 billion deal is price half of Oracle’s income from its 2025 monetary 12 months, and was revealed in a submitting to the US Securities and Alternate Fee on Monday. Within the submitting, Oracle CEO Safra Catz famous, “Oracle is off to a robust begin in fiscal 12 months 2026. Our multi-cloud database income continues to develop at over 100%, and we signed a number of giant cloud providers agreements together with one that’s anticipated to contribute greater than $30 billion in annual income beginning in fiscal 12 months 2028.”
The submitting gives no clues as to who has signed on the dotted line. Nevertheless, throughout Oracle’s This fall 2025 earnings name, the corporate’s founder Larry Ellison spoke of the brand new shopper, which “stated we’ll take all of the capability you will have wherever it’s. It could possibly be in Europe, could possibly be in Asia, we’ll simply take every little thing.”
That comment, coupled with Ellison’s March prediction that he anticipated to finalise a contract with OpenAI and SoftBank’s US $500 billion Stargate knowledge centre mission “pretty quickly,” has fuelled hypothesis that OpenAI could possibly be behind the mega-deal.
Oracle’s cloud revenues are already surging
Oracle reported $57.4 billion in income for FY 2025, together with $24.4 billion from cloud, of which $10.3 billion got here from infrastructure-as-a-service. In the identical SEC replace this week, Catz stated the corporate was already “off to a robust begin” for FY 2026, having signed “a number of giant cloud service agreements.”
Amongst these is a “gigantic contract” introduced final month with Chinese language e-commerce platform Temu, alongside a contemporary hybrid-cloud association with IBM.
Earlier than these mega offers, it was believed that one among Oracle’s largest clients was TikTok, which moved its US workloads to Oracle when then-President Donald Trump threatened to ban the social media platform. Trump now claims a brand new purchaser for TikTok’s American arm might be revealed “in about two weeks,” including that it’s “a gaggle of very rich folks.” Oracle has beforehand proven curiosity in buying TikTok.
Guess on multi-cloud – and GPUs
Oracle’s willingness to plant its personal {hardware} inside rival hyperscalers’ services continues to see success. “We at present have 23 multi-cloud knowledge centres stay with 47 extra being constructed over the following 12 months,” Ellison stated earlier this month, projecting triple-digit share progress for the section into FY 2026.
With a single buyer now poised to eclipse half of Oracle’s whole FY 2025 income, the database large’s multi-cloud gamble seems to be paying off handsomely – even when the business might be left guessing who simply signed the $30 billion deal.
