Meta raises 2026 full-year capex guidance to $125-145 billion amid AI buildout

Meta increased its capital expenditure forecast for full-year 2026 to a range of $125 billion to $145 billion, up from the prior guidance of $115 billion to $135 billion. The raise is driven by accelerated investments in AI infrastructure, data centers, and compute capacity. This reflects continued aggressive capital concentration by leading AI companies to support scaling of frontier models and infrastructure.