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 narrowed its 2026 capex plan to $130B-$145B as its AI infrastructure buildout sharply pressures free cash flow.
Excerpt
<a href="https://www.reuters.com/business/meta-narrows-annual-capex-forecast-ai-buildout-grows-2026-07-29/"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260729/i40.jpg" vspace="4" /></a>
<p><a href="https://www.techmeme.com/260729/p40#a260729p40" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> <a href="http://www.reuters.com/">Reuters</a>:<br />
<span style="font-size: 1.3em;"><b><a href="https://www.reuters.com/business/meta-narrows-annual-capex-forecast-ai-buildout-grows-2026-07-29/">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</a></b></span> — Meta Platforms (META.O) reported a precipitous 91% drop in free cash flow on Wednesday, underscoring the financial strain … </p>
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