Meta expects its 2026 capex to be $115B to $135B, compared with a $110.6B analyst estimate and $72.2B in 2025, driven by investments in Superintelligence Labs
Meta Platforms Inc.'s better-than-expected sales outlook helped ease Wall Street concerns about plans for unprecedented spending on artificial intelligence this year.
Bloomberg
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Discussion
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@amitisinvesting
Amit
on x
$META GUIDING $115B-$135B OF CAPEX AHEAD OF $110B ESTIMATES OH MY GOODNESS
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@ericjhonsa
Eric Jhonsa
on x
[...] It was notable that (on top of a big capex guide) Meta says it's still compute-constrained and will likely remain so for much of 2026. I've felt for a while that Meta faces bigger AI capex ROI questions than the other tech giants, given its lack of an IaaS business (for no…
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@mikeisaac
Rat King
on x
okay my guess is the stock is not getting battered b/c investors like this slide ARPU rocketed up over one quarter. AI ad targeting etc etc [image]
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@firstadopter
Tae Kim
on x
Meta raised 2026 capex guide to $115-135 billion versus $111 billion Wall Street estimate. Obviously, this is bullish for Nvidia.
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@thetranscript_
@thetranscript_
on x
$META CFO: “We anticipate 2026 capex, including principal payments on finance leases, to be in the range of $115-135B with Y/Y growth driven by increased investment to support our Meta Superintelligence Labs efforts and core business” [image]
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@hedgeyecomm
@hedgeyecomm
on x
Higher capex and opex... doesn't matter given the revenue upside!
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@hedgeyecomm
@hedgeyecomm
on x
I'm sorry but Capex and Opex guide should be an after thought on this type of revenue growth... $META They guided total expenses $12-19B higher than consensus... And quick math on implied 2026 assuming 32% Q1 revenue YoY... That is $17B of revenue higher than consensus...
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@supbagholder
@supbagholder
on x
$META +6% as investors are realizing AI capex is a good thing when it increases topline growth. [image]
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@zerohedge
@zerohedge
on x
At the high end of its capex forecast ($135BN), META free cash flow in 2026 will be $0 [image]
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@mikeisaac
Rat King
on x
meta expects to nearly *double* its capital expenditures spending in 2026 — from 72billion in 2025 to an estimated $115 to $135 billion in 2026 AI!
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@kakashiii111
@kakashiii111
on x
Can someone explain to me how Meta is going to finance total expenses of $162-169B, of which $115-135B is CapEx, when Meta's income has been flat YoY and is expected to remain the same in 2026? How much debt, senior notes, SPVs, and so on will Meta need for that? [image]
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@aleabitoreddit
Serenity
on x
Btw this $META call at $625 was only 2 weeks ago. 🎯 Hope it goes up even more over the next few weeks, capex spend was overblown since they're printing money and growing at astounding rates. [image]
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@amitisinvesting
Amit
on x
$META...Mark Zuckerberg: “I'm looking forward to advancing personal superintelligence for people around the world in 2026.”
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@hedgeyecomm
@hedgeyecomm
on x
Zuck has something big up his sleeve... wonder if it is M&A related.... $META I get the competitive landscape is intense and they want to be careful about what they say on public earnings calls... and there is the policy concerns as well... But this call hit differently...
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@hedgeyecomm
@hedgeyecomm
on x
I know people will think I'm crazy... but I think the real GOAT move would be to acquire Anthropic before it goes public.
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@benitoz
Ben Pouladian
on x
Meta just guided $115-135B in 2026 CapEx nearly 2x 2025 CFO: “Doubled GPUs to train Gem model. Sequence learning drove 3.5% FB ad lift.” AI spend is WORKING. Hyperscalers keep buying $NVDA demand thesis keeps getting stronger $meta
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@conorsen
Conor Sen
on x
Over the past 21 months $META's expected 12m capex has increased from $35 billion to $125 billion.
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@bucketshopcap
@bucketshopcap
on x
You still have doofus accounts on here throwing a fit b/c META is InCINeRaTInG ProFiTS. Yeah, but at least they are showing eye-popping topline growth...AND at their scale, which is literally the entire point of investing in tech. Can't say the same for too many businesses!
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@_josenajarro
Jose Najarro Stocks
on x
$META $NVDA CRAZY CAPEX!! 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 [image]
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@tanayj
Tanay Jaipuria
on x
[...] Huge amount of investment especially given Meta doesn't have a cloud business unlike the others spending in that range
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@rihardjarc
Rihard Jarc
on x
So Zuck finally put out the CapEx numbers now we can move on. $META sees 2026 CapEx $115B-$135B (estimates were $110B).
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@conorsen
Conor Sen
on bluesky
Guiding capex $15bn above estimates when they were estimated to do $17bn in FCF in 2026 means they're expecting to run pretty close to FCF breakeven.