AI Capex Guidance · SEC EDGAR pipeline
Latest hyperscaler spending guidance, the measured change, and what it means for the AI infrastructure buildout.
We anticipate 2026 capital expenditures, including principal payments on finance leases, to be in the range of $130-145 billion, narrowed from our prior outlook of $125-145 billion.
Latest disclosed capex direction beside each company's funding status.
| Company | Latest guidance | Direction | Funding | Updated |
|---|---|---|---|---|
MSFT Microsoft | $190B | All clear Positive | Watch | 2026-04-29 |
GOOGL Alphabet | $180-$190B | Watch |
| Watch |
| 2026-06-04 |
META Meta Platforms | $130-$145B | Watch Neutral | Caution | 2026-07-29 |
AMZN Amazon | $200B | Watch Not yet classified | Caution | 2026-04-09 |
ORCL Oracle | $50B | Watch Not yet classified | Caution | 2026-03-10 |
Quantified revisions and qualitative management direction, newest first.
Guidance needs review for AMZN (2026-04-09 - stale), ORCL (2026-03-10 - stale). Events older than one earnings cycle must not be read as current guidance.
We anticipate 2026 capital expenditures, including principal payments on finance leases, to be in the range of $130-145 billion, narrowed from our prior outlook of $125-145 billion.
$180-$190 billion, and that it expects 2027 capital expenditures to significantly increase compared to 2026.
$180-$190 billion, and that it expects 2027 capital expenditures to significantly increase compared to 2026.
We anticipate 2026 capital expenditures, including principal payments on finance leases, to be in the range of $125-145 billion, increased from our prior range of $115-135 billion.
We expect to remain constrained at least through 2026.
We're not investing approximately $200 billion in capex in 2026 on a hunch.
For fiscal year 2026, we expect revenue of $67 billion and capital expenditures of $50 billion.
We anticipate 2026 capital expenditures, including principal payments on finance leases, to be in the range of $115-135 billion, with year-over-year growth driven by increased investment to support our Meta Superintelligence Labs efforts and core business.