Microsoft · OpenAI · Nvidia · Oracle · Meta · Fortune Technology
Five giant hyperscalers—and Nvidia—share a surprising trait: female CFOs
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The CFO job in Big Tech used to be defined largely by margins, operating leverage, and investor discipline.
Key facts
- Alphabet CFO Anat Ashkenazi raised Alphabet’s 2026 capital expenditure guidance to $180 billion to $190 billion, up from a prior outlook of $175 billion to $185 billion
- According to leadership advisory Russell Reynolds Associates’ Global CFO Turnover Index, women accounted for 21% of global incoming CFO appointments last year across the S&P 500, FTSE 100, FTSE 250
- Oracle reported in March that it expects fiscal 2026 revenue of $67 billion and capex of $50 billion, more than double its FY2025 capex of about $21.2 billion
- Hood said Microsoft expects to invest roughly $190 billion in capital expenditures in calendar year 2026, a 61% increase from the previous year, directed primarily toward GPUs, CPUs, and data center
Summary
For Susan Li at Meta, Amy Hood at Microsoft, Anat Ashkenazi and Ruth Porat at Alphabet, Hilary Maxson at Oracle, Sarah Friar at OpenAI, and Colette Kress at Nvidia, that question is no longer theoretical. In the AI boom, compute is not a technology expense staying curious, adaptable, and kind.” According to leadership advisory Russell Reynolds Associates’ Global CFO Turnover Index, women accounted for 21% of global incoming CFO appointments last year across the S&P 500, FTSE 100, FTSE 250 and other major global stock indexes, compared with 26% in 2024 and 14% in 2019. Women are serving as CFOs “at some of the world’s largest and most strategically important technology companies,” Jenna Fisher, co-head of RRA’s Global Financial Officers Practice, tells Fortune.