Quick Read – Meta raised 2026 capex guidance to $125-$145 billion, about $50 billion more than last year, while Q1 revenue grew 33% year over year. – Despite META falling 13% since Q1 earnings, 57 analysts rate it a buy with an $828 consensus target. – Act now: the analyst who…
lled NVIDIA in 2010 just named his top 10 AI stocks — and Meta didn’t make the cut. Grab the names FREE today. $125 billion to $145 billion
That is what Meta Platforms (NASDAQ:META) now expects to spend on capital expenditures in 2026, raised from a prior range of $120 to $135 billion when the company reported first-quarter results on April 29, 2026. Now, this is forward-looking guidance, not a reported figure. That said, this number stands against a 2025 full-year capex base of $72.215 billion.
The framing writes itself: Meta is preparing to deploy roughly $50 billion more on AI infrastructure this year than last, and CFO Susan Li told analysts the raise reflects “higher component pricing this year and, to a lesser extent, additional data center costs to support future-year capacity.” What It Means The scale is what stops you. In the first quarter alone, Meta spent $18.997 billion on capex, up 46.8% year over year. The company also disclosed that multiyear cloud deals and infrastructure purchase agreements drove a $107 billion step up in contractual commitments during the quarter.