META · 10-Q · 2026Q2 · Full report

Capital Expenditures

Meta Platforms, Inc. · 2026-07-30 · Importance 75 · Surprise 60 · No source text

Meta’s second-quarter capital expenditures, including finance-lease principal payments, were $31.08 billion. Six-month purchases of property and equipment were $49.11 billion, primarily for servers, data centers, and network infrastructure, while total capital expenditures including finance-lease principal payments were $50.92 billion. Meta expects approximately $130 billion to $145 billion of 2026 capital expenditures to support AI initiatives and the core business. The capital program contributed to $83.331 billion of investing cash outflows during the first six months.

Key facts

We anticipate making capital expenditures of approximately $130 billion to $145 billion in 2026 to support our AI efforts and core business.
Net cash used in investing activities during the six months ended June 30, 2026 was $(83,331) million, which mostly consisted of $49.11 billion of purchases of property and equipment and $31.56 billion of net purchases of marketable securities.
Capital expenditures, including principal payments on finance leases, were $31.08 billion for the three months ended June 30, 2026.

Impact estimates

metric	direction	stage	expected	basis
cash	negative	realized	-18.5%	Net cash used in investing activities during the six months ended June 30, 2026 was $(83,331) million, which mostly consisted of $49.11…
cash	negative	probable	-15.3%	We anticipate making capital expenditures of approximately $130 billion to $145 billion in 2026 to support our AI efforts and core business.
assets	positive	probable	+15.3%	We anticipate making capital expenditures of approximately $130 billion to $145 billion in 2026 to support our AI efforts and core business.
cash	negative	realized	-6.9%	Capital expenditures, including principal payments on finance leases, were $31.08 billion for the three months ended June 30, 2026.