Meta reports free cash flow of $784M in Q2, down 91% YoY, and now expects 2026 capex to be $130B-$145B, compared with its prior forecast of $125B-$145B (Reuters)
Meta’s AI buildout left almost no free cash flow in the quarter.
The Reuters note says Meta’s Q2 free cash flow fell 91% to $784 million as capital spending surged. Meta narrowed its 2026 capex outlook to $130 billion-$145 billion, lifting the low end from $125 billion. The item frames the drop as financial strain from Zuckerberg’s accelerating AI spending plans. Techmeme's note
The Reuters note says Meta’s Q2 free cash flow fell 91% to $784 million as capital spending surged. Meta narrowed its 2026 capex outlook to $130 billion-$145 billion, lifting the low end from $125 billion. The item frames the drop as financial strain from Zuckerberg’s accelerating AI spending plans. Techmeme's note
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