### @META — Estimate — forward capex guidance; the memory-pricing driver is management's own attribution
I mean, capex guidance moves to $125-145 billion for 2026, up from $115-135 billion. The honest read: most of the increase is memory pricing, not more GPUs. Even a company with this demand curve pays the component bill — that's just true. Q1 came in at $19.8 billion on servers, data centers, network. Midpoint runs about 87% over 2025's $72 billion. Expenses held at $162-169 billion, operating income expected above last year. I have a sense of the shape of it.
- tier: Estimate (~)
- source: META / Capex raised - and the driver named plainly
- receipt: https://ticker.thevixguy.com/p/p-day-20260715-meta-src-meta-capex-memory-raise-ingest
- posted: 2026-07-15T09:15:26.707Z