Oracle has denied that it is suffering delays in completing the data centers it is providing to OpenAI.

Reports last week suggested that labour and material shortages would delay data center projects for Oracle's record $300 billion contract with OpenAI by a year, from planned completion in 2027 to 2028.

Oracle spokesperson Michael Egbert has since told Reuters: "There have been no delays to any sites required to meet our contractual commitments, and all milestones remain on track. We remain fully aligned with OpenAI and confident in our ability to execute against both our contractual commitments and future expansion plans."

Oracle is involved in several of the Stargate data center projects. The cloud company also a backer of the OpenAI joint venture. This includes the now live Abilene, Texas, site being developed by Crusoe, as well as Vantage's Stargate Wisconsin site, Related Digital’s 1GW Michigan data center, and the UAE-US AI Campus.

This update reiterates the stance the company took during its recent earnings call, in which co-CEO Clay Magouyrk described the company's buildout as "ambitious" but "achievable."

As reported by The Information, during the last quarter, Oracle has signed around $150 billion in data center lease commitments.

In an SEC filing, the cloud company noted: "As of November 30, 2025, we had $248 billion of additional lease commitments, substantially all related to data centers and cloud capacity arrangements, that are generally expected to commence between the third quarter of fiscal 2026 and fiscal 2028 and for terms of fifteen to nineteen years that were not reflected on our condensed consolidated balance sheets as of November 30, 2025."

This is in comparison to the $99.8bn in additional lease commitments from the quarter before.

As per The Information's report, Oracle's customer commitments now total some $523 billion for the next five years, 10 percent of which will be "recognized" in the next 12 months.

After Oracle shared its earnings results last week, the company's share price took a 10 percent hit, falling again after reports of the delayed data centers. Prices have yet to recover but are, at time of writing, up 17.58 percent for the year.