Oracle 披露 1GW AI 基建财务模型：ROI 约 28%
原标题：For Oracle, what 1GW of AI infrastructure earns. ~$80B contract value, ~$37B capex, ~$16B annual rev...
68AI 研判分
Oracle 在投资者日展示其 1GW AI 基础设施项目的核心财务数据，包括约 800 亿美元合同价值、370 亿美元资本支出及 160 亿美元年营收。该模型显示平均合同期为 5 年，毛利率约 35%，投资回报率（ROI）约为 28%，且采用成本加成定价模式。
报道正文
Rohan Paul (@rohanpaul_ai) · 2026-10-29 16
For Oracle, what 1GW of AI infrastructure earns. ~$80B contract value, ~$37B capex, ~$16B annual revenue, 5-year average contract, ~35% gross margin, ~34% operating margin, ~28% ROI.
A 28% ROI implies about a 3.6-year cash payback on a 5-year contract, and the footnote says these contracts are cost-plus.
- From Oracle Investor day slide deck held yesterday, Oct 28, 2026, in Las Vegas.
