GOOG · 10-Q · 2026Q1 · Full report
Capital Expenditures and Depreciation
Alphabet Inc. · 2026-04-30 · Importance 88 · Surprise 82 · No source text
Capital expenditures were $35.7 billion for the three months ended March 31, 2026, up from $17.2 billion in the prior year quarter, reflecting accelerated investment in technical infrastructure such as servers, network equipment, and data center construction. Depreciation on property and equipment increased to $6.5 billion for the quarter, up from $4.5 billion a year earlier, increasing cost and R&D expense bases. Alphabet expects to significantly increase 2026 investment in technical infrastructure relative to 2025. Assets not yet in service remain substantial given multi‑year data center construction projects.
Key facts
- Capital expenditures were $35.7 billion for the three months ended March 31, 2026, primarily reflecting investments in technical infrastructure. source
- Net cash used in investing activities was $(63,389) million for the three months ended March 31, 2026. source
- As of March 31, 2026, the amount of total undiscounted future lease payments under operating leases was $18.8 billion and under finance leases was $2.6 billion. source
- Depreciation on property and equipment was $6.5 billion for the three months ended March 31, 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -9.0% | Net cash used in investing activities was $(63,389) million for the three months ended March 31, 2026. |
| liability | negative | committed | -2.6% | As of March 31, 2026, the amount of total undiscounted future lease payments under operating leases was $18.8 billion and under finance… |
| operating_income | negative | realized | — | Depreciation on property and equipment was $6.5 billion for the three months ended March 31, 2026. |