Meta guides $115B–$135B capex
- Meta told investors it expects 2026 capital spending of $115 billion to $135 billion, a sharp increase tied to artificial intelligence infrastructure and computing capacity. - The company also guided first-quarter 2026 revenue to $53.5 billion to $56.5 billion, with foreign exchange expected to add about 4% growth. - The spending plan follows Meta’s January earnings report and extends its push to build more artificial intelligence capacity. (investor.atmeta.com)
Meta told investors it expects to spend $115 billion to $135 billion on capital expenditures in 2026 as it builds more artificial intelligence infrastructure. (investor.atmeta.com) The guidance came with Meta’s fourth-quarter and full-year 2025 results, released on January 28, 2026, not in a new earnings report on April 29. Meta said the increase would support its Meta Superintelligence Labs efforts and its core business. (investor.atmeta.com) Meta said first-quarter 2026 revenue should land between $53.5 billion and $56.5 billion. The company said foreign exchange would add about 4% to year-over-year growth at current rates. (investor.atmeta.com) The scale of the spending jump is the point. Meta reported $72.22 billion in 2025 capital expenditures, so the new range implies another major step up in data centers, servers, networking gear, and related finance leases. (investor.atmeta.com) Meta also guided 2026 total expenses to $162 billion to $169 billion. In the same filing, the company said it still expected 2026 operating income to exceed 2025 operating income despite the heavier infrastructure buildout. (investor.atmeta.com) Wall Street has treated the capex range as a test of whether Meta’s advertising machine can keep funding a much larger artificial intelligence build. Yahoo Finance said analysts were focused on whether products including Muse Spark can translate investment into durable ad or product revenue. (finance.yahoo.com) Meta’s investor site listed its first-quarter 2026 earnings call for April 29, 2026, after the market close. That means the company’s latest official numbers on April 29 were still the January outlook, with the market waiting for updated results and any changes to spending guidance. (investor.atmeta.com)
