甲骨文订单积压达5233亿美元

讯石光通讯2025-12-15

新闻导读甲骨文公司2026财年第二季度自由现金流大幅转为负值，资本支出激增，但订单积压额环比暴增680亿美元至5233亿美元。公司表示积压主要来自Meta、英伟达等客户，预计将为2027财年带来40亿美元额外营收。ICC讯2025年12月11日，甲骨文公司在其2026财年第二季度财报中披露的数据引发了市场关注。尽管公司总收入增长了14%，云基础设施收入更是大幅跃升66%，但其自由现金流却急剧恶化，...

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在公司财报电话会议上表示，订单积压的环比大幅增长“主要是由于我们与Meta、英伟达及其他公司签署了合同，这持续地使我们的客户积压订单多样化。”他补充道，“绝大部分的这些预订涉及我们有近期可用产能的机会，这意味着我们可以将新增的积压订单更快地转化为收入。其结果是，我们现在预计将为2027财年带来40亿美元的额外收入。”公司当前的财年收入指引保持不变。尽管如此庞大的积压数字难免令人感觉有些虚高，但HyperFRAME Research的分析师 Ron Westfall 和 Steven Dickens 均在LinkedIn上表示，甲骨文的基本面依然稳固。Dickens写道：“归根结底：这家公司与CoreWeave及新晋云服务提供商等截然不同，应得到相应的估值。甲骨文拥有一些长期且利润丰厚的业务。数据库、ERP、金融和医疗保健——这些业务为甲骨文提供了稳定可预测的年度经常性收入，公司可以在此基础上构建快速增长云和人工智能业务。”Westfall 补充说，甲骨文的资本支出并非投机行为，而是基于现有需求及其核心OCI产品进行建设。“总体而言，我预计，仅履行这5233亿美元的剩余履约义务积压，就能为其关键的OCI部门带来多年加速、高可见度的收入增长，从而确保一个总体稳健的财务未来。”","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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