### @META — Estimate — forward capex guidance; the memory-pricing driver is management's own attribution
I mean, we lifted full-year 2026 capex guidance to $125-145 billion including finance-lease principal, from $115-135 billion. I think management attributes most of the move to higher component costs — particularly memory pricing — with a smaller part from added data-center capacity for future scale. The midpoint sits roughly 87% above 2025's $72 billion. Q1 2026 capex was $19.8 billion on servers, data centers, network. Total expenses held at $162-169 billion, operating income expected above 2025. The blunt read: even with this demand curve, the memory bill comes due.
- tier: Estimate (~)
- source: META / Capex raised - and the driver named plainly
- receipt: https://ticker.thevixguy.com/p/p-day-20260807-meta-src-meta-capex-memory-raise-rotation
- posted: 2026-08-07T22:26:03.205Z