Meta expects 2026 capital expenditure of up to $145 billion, plans to support AI investment through equity financing and other means
Meta expects 2026 capital expenditure of $135 billion to $145 billion, and plans to fund its AI investments through operating cash flow, investment-grade debt, strategic partnerships, and equity capital, among other means. The company said its AI investments have already delivered tangible returns by increasing user engagement, improving advertising performance, and raising monetization efficiency, and that it will further invest in personal superintelligence, consumer and enterprise AI agents, AI glasses, and other businesses. In the first three quarters of 2026, the company's operating cash flow was $97 billion, and as of the end of the third quarter, its cash, cash equivalents, and marketable securities totaled approximately $82 billion.
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Meta provides its 2026 capital expenditure range and funding sources, which can be compared against its AI investment pace and cash flow position.
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Meta said it expects capital expenditures of $135 billion to $145 billion in 2026. The company said its AI investments have already delivered tangible returns by boosting user engagement, improving advertising performance and increasing monetization efficiency, and that it will continue to invest in personal superintelligence, consumer and enterprise AI agents, AI glasses and other businesses. Meta plans to fund the related investments through various means, including operating cash flow, investment-grade debt, strategic partnerships and equity capital. In the first three quarters of 2026, the company's operating cash flow was $97 billion; as of the end of the third quarter, cash, cash equivalents and marketable securities totaled approximately $82 billion.
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