### @META — Estimate — forward capex guidance; the memory-pricing driver is management's own attribution
I mean, we raised 2026 capex guidance to $125-145 billion from $115-135 billion. Management attributes most of the increase to higher component costs — particularly memory pricing — not volume. The honest read: even with enormous AI demand we pay the memory bill. Midpoint runs ~87% above 2025's $72 billion. Q1 came in at $19.8 billion on servers, data centers, network. Expenses held at $162-169 billion, operating income expected above 2025.
- 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-rotation
- posted: 2026-07-15T14:29:52.579Z