Meta Platforms expects 2026 capital spending of $130 billion to $145 billion, after raising the bottom of its range from $125 billion in July, and plans to secure as much capacity as possible across 2026 and 2027. In the June quarter, capital spending consumed almost all of its $31.9 billion in operating cash flow, leaving free cash flow of $1.75 billion, down from $9.02 billion a year earlier; trailing-twelve-month free cash flow fell to $41.0 billion from $50.1 billion. If operating cash flow holds steady, spending at the top of the 2026 range would leave Meta about $15 billion short, though it held $90.3 billion in cash and short-term investments at the end of June. Total debt rose to $112 billion from $49.6 billion, and Meta is also partnering with BlackRock on a 1 gigawatt data center in El Paso, Texas. The article says the build stays affordable only while ad sales keep growing; Family of Apps ad revenue rose 27% to $59.4 billion, and the next report, expected around October 21, 2026, is the key checkpoint.
Summary written by Upside AI from the original article. Read the source for full details.
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Related tickers and likely impact
META
▼ Likely negativeMeta Platforms
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.9T |
| Close on 10/15/2026 | 736.72 |
| Change that session | -0.11% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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