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# A report put OpenAI's revenue US$20 billion short, and Oracle fell 5.48%
- URL: https://www.sharespective.com/stories/report-put-openais-revenue-us-20-2026-10-09/
- Published: 2026-10-08T21:15:02.000Z
- Updated: 2026-10-19T19:29:09.000Z
- Description: Oracle fell 5.48% to US$135.69 on Thursday, and Nvidia lost 2.94% to US$230.48. The Financial Times reported that OpenAI told investors its annualised revenue was approaching US$50 billion. Figures widely reported last month put it nearer US$70 billion.
- Author: Shaun Botha
- Tags: Tech, #story, #group-tech, OpenAI, Oracle

Oracle fell 5.48% to US$135.69 on Thursday, and Nvidia lost 2.94% to US$230.48\. The Financial Times reported that OpenAI told investors its annualised revenue was approaching US$50 billion. Figures widely reported last month put it nearer US$70 billion.

**So what is annualised revenue?** It is a recent month's sales multiplied by 12, a quick way for a fast-growing company to show its size. The FT put part of the gap down to counting. Anthropic, OpenAI's closest rival, includes sales made through cloud partners such as Amazon Web Services and Google Cloud, and OpenAI does not.

Oracle has the most riding on the answer. OpenAI is one of its largest cloud customers, and Oracle builds data centres for it. Its remaining performance obligations, revenue it has signed up but not yet booked, stood at US$664 billion last quarter.

[![Chart: Oracle's unbooked revenue reaches US$664bn. Revenue Oracle booked in each financial year to May, against revenue signed but not yet booked at the year's end, in US$bn. Its latest year booked 67.4.](https://storage.ghost.io/c/02/71/0271df32-cec6-421f-9f13-b06ab90e54c1/content/images/2026/10/chart-revenue-oracle-booked-revenue-2026-10-09-wide-light.jpg)](https://www.sharespective.com/chart-revenue-oracle-booked-revenue-2026-10-09/) 

This story’s chart of the day: the numbers, the dark version and the animated version are on its own page. [The chart’s page →](https://www.sharespective.com/chart-revenue-oracle-booked-revenue-2026-10-09/)

The Wall Street Journal added to Oracle's day. It reported that Oracle is talking to Apollo and Goldman Sachs about a new way to pay for chips: investors would fund a separate company to buy them, and Oracle would lease them over time.

The selling spread through the chip sector. Intel lost 5.34% to US$107.08, even though it confirmed it is still working on Elon Musk's Terafab chipmaking venture.

The open question 

whether a US$20 billion gap is just two companies counting differently, or a sign that AI customers are bringing in less than the build-out assumes. I'd want to see OpenAI report on one consistent basis before reading much into a single day.

[ This story ran in Counting the Revenue Friday 9 October’s edition, with the market snapshot, the other two stories, the numbers and the week ahead. Read the whole edition → ](https://www.sharespective.com/sharespective-2026-10-09/)