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Meta spends $34.91bn on capex in Q3 2026 and narrows its full-year range to $135bn to $145bn
What changed
Meta's third quarter capital expenditures, including principal payments on finance leases, were $34.91 billion. It now expects 2026 capex of $135 billion to $145 billion, narrowed from $130 billion to $145 billion, and said it expects to keep investing aggressively in 2027. Free cash flow for the quarter was negative $2.12 billion.
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