United States · Business news · AI & Tech · 29 Jul 2026
US Communication Services Information Technology
AI: Cloud and data centres · Chips and hardware · Meta — more AI news
Meta reported second-quarter revenue of $60.80 billion, up 28% from a year earlier. Capital expenditures including principal payments on finance leases were $31.08 billion, and free cash flow was $784 million. The company said it anticipates 2026 capital expenditures in the range of $130 billion to $145 billion and full-year total expenses of $165 billion to $169 billion.
Meta funds its AI build-out from advertising cash flow rather than cloud contracts, and the quarter shows how much of it that now absorbs: $31.08 billion of capex left $784 million of free cash flow on $60.80 billion of revenue. The $130-145 billion planned for 2026 goes to suppliers of AI chips, servers, networking gear and data-centre construction and power. Unlike Microsoft, Alphabet and Amazon, Meta has no external cloud revenue to offset the outlay.
Reported by Meta Platforms — “Meta Reports Second Quarter 2026 Results” ↗ on 29 Jul 2026.
Official series on 29 Jul 2026 or the last day before it, and the latest observation.
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