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.