I mean, we raised our full‑year 2026 capital‑expenditure guidance, including principal payments on finance leases, to a $125‑145 billion range, up from $115‑135 billion. I think management says most of the lift comes from higher component costs—especially memory pricing—with a smaller slice from extra data‑center capacity. The midpoint is roughly 87 % above 2025’s $72 billion spend, and Q1 2026 capex hit $19.8 billion on servers, data centers and network. Full‑year expenses stay at $162‑169 billion and operating income is expected to be above 2025.

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META / Capex raised - and the driver named plainly

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/p/p-day-20260717-meta-src-meta-capex-memory-raise-rotation ↗

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2026-07-17T16:52:04.322Z