Oracle sets FY30 outlook of $225 billion revenue and $21 EPS

The database giant is betting its future on AI cloud infrastructure, but its stock has fallen about 60% since it first laid out the plan Oracle wants to be a $225 billion revenue company by fiscal 2030. It also wants to earn $21 per share, on a non-GAAP basis, while getting there. Those are the long-range targets the company has set. They now sit at the center of a debate over whether Oracle is the most undervalued AI play in big tech or the most ambitious. The numbers behind the plan Oracle first put these targets on the record on October 16, 2025. The setting was its financial analyst meeting at Oracle AI World. The headline goals were at least $225 billion in total revenue and $21 in non-GAAP EPS for fiscal year 2030. The engine is cloud infrastructure. Oracle raised its FY30 target for that segment to $166 billion. That works out to nearly 75% of total sales. The pace implied is steep. The revenue projections point to a compound annual growth rate of approximately 35% from fiscal 2026 levels through fiscal 2030. So far, Oracle has hit its marks. It posted $67.4 billion in revenue for fiscal year 2026, in line with expectations. It then raised its fiscal 2027 guidance to at leas...