Meta raises 2026 capital‑expenditure target to $130–$145 billion

Meta told markets it expects 2026 capital spending of $130–$145 billion to fund data centres, specialised chips, networking and AI hiring, a materially larger investment that tightens free cash flow and investor focus on monetizing AI products.

In this brief: 2 sections 1 min read

- Meta raised the lower end of its 2026 capex forecast to $130bn with an upper range of $145bn.
- Spending directed at data centres, servers, networking equipment and custom AI chips, plus researcher recruitment and retention.
- Company cited major projects including Prometheus, Hyperion and El Paso campus investments.
- Reported operating cash flow rose but free cash flow fell sharply amid higher investment.
- Article notes Reality Labs losses and investor sensitivity to long‑term technology bets.
- Mentions Meta’s Superintelligence Labs releases and earlier product rollouts in context of the spending ramp.

Read full analysis on thaitimes.com

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