GOOGL · 10-Q · 2026Q2 · Full report
Capital Expenditures Program
Alphabet Inc. · 2026-07-23 · Importance 89 · Surprise 82 · In source text
Alphabet spent $44.9 billion on capital expenditures in the second quarter and $80.6 billion during the first six months of 2026, compared with $39.6 billion in the first six months of 2025. The investments primarily funded servers, network equipment, data center land, construction, and improvements to technical infrastructure. Alphabet expects to significantly increase technical infrastructure investment in 2026 relative to 2025 to expand servers, network equipment, and data centers. Depreciation on property and equipment increased to $13.6 billion for the first six months from $9.5 billion in the prior-year period.
Key facts
- During the six months ended June 30, 2026, we spent $80.6 billion on capital expenditures compared to $39.6 billion for the six months ended June 30, 2025. source
- As of June 30, 2026, the amount of total undiscounted future lease payments under operating and finance leases was $21.3 billion and $2.9 billion, respectively. source
- Capital expenditures were $44.9 billion for the three months ended June 30, 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -4.9% | Capital expenditures were $44.9 billion for the three months ended June 30, 2026. |
| cash | negative | realized | -4.5% | During the six months ended June 30, 2026, we spent $80.6 billion on capital expenditures compared to $39.6 billion for the six months… |
| assets | positive | realized | +4.5% | During the six months ended June 30, 2026, we spent $80.6 billion on capital expenditures compared to $39.6 billion for the six months… |
| liability | negative | committed | -2.0% | As of June 30, 2026, the amount of total undiscounted future lease payments under operating and finance leases was $21.3 billion and $2.9… |
| liability | negative | committed | -0.3% | As of June 30, 2026, the amount of total undiscounted future lease payments under operating and finance leases was $21.3 billion and $2.9… |