Meta expects 2026 capital spending of up to $145 billion, planning equity financing and other funding to support AI investment

Meta expects 2026 capital expenditure of $135 billion to $145 billion, saying AI investment is already paying back through user engagement, advertising performance and monetization efficiency. It plans to fund the spending with operating cash flow, investment-grade debt, strategic partnerships and equity, after generating $97 billion of operating cash flow in the first three quarters of 2026. It matters because the guidance shows the AI infrastructure spending race is still accelerating, with Meta also pointing to personal superintelligence, AI agents and AI glasses as future investment areas.

• 36氪 AI2026-10-26 11:12