Compute · the Ledger · Capacity contract
Oracle discloses a cloud services agreement expected to contribute more than $30B of annual revenue starting in fiscal 2028
Signed · announced 30 Jun 2025 · the week to 4 Jul 2025
- Size
- undisclosed
>$30B is annual revenue from FY28, not total contract value; counterparty and term not disclosed.
The parties
- Oraclecompany pageProvider
- Undisclosed customerBuyer
The source
Oracle 8-K, 2025-06-30Regulatory filing
The filing does not name the customer. OpenAI announced on 2025-07-22 an agreement with Oracle to develop 4.5 GW of additional Stargate capacity (openai.com/index/stargate-advances-with-partnership-with-oracle/). A ~$300B, ~five-year OpenAI-Oracle contract was reported by the WSJ on 2025-09-10 and has not been confirmed by either party.