Capex IncreaseThe company now forecasts capex spending of ~$16 billion for FY25, more than doubling from the $6.9 billion in the prior year.
Margin PressuresOCI margins, especially AI-related revenue, will be a drag on gross margins and operating margins will come down in FY26.
Revenue ShortfallOracle missed revenues in many areas, including cloud services and IaaS growth falling short of forecasts.