Big Tech AI capex in 2026, by company
Planned capital expenditure, USD billions.
About this data
Amazon leads 2026 AI infrastructure spending (~$200B), ahead of Alphabet (~$185B), Meta (~$125B) and Microsoft (~$120B). These are company-guided capex plans, much of it AI-related but not exclusively so, and they have been revised upward repeatedly through the cycle.
Planned capital expenditure, USD billions. The four largest hyperscalers alone plan to spend well over half a trillion dollars.
View data & sources →Data table
| series | usd_bn | company | source_ref | value_basis |
|---|---|---|---|---|
| capex_breakdown | 200 | Amazon | valueaddvc-capex | Amazon leads 2026 AI infrastructure capex at ~$200B |
| capex_breakdown | 185 | Alphabet | valueaddvc-capex | Alphabet (Google) ~$185B 2026 capex |
| capex_breakdown | 125 | Meta | valueaddvc-capex | Meta ~$125B 2026 capex |
| capex_breakdown | 120 | Microsoft | valueaddvc-capex | Microsoft ~$120B 2026 capex |
Methodology & sources
Last updated: Jul 17, 2026Methodology
Two source-backed charts: 2026 AI capex by company ($B) and combined hyperscaler AI capex versus the US FY2026 defense budget ($B). Per-company figures (Amazon ~$200B, Alphabet ~$185B, Meta ~$125B, Microsoft ~$120B) trace to the cited capex analysis. The aggregate ~$675B is the midpoint of the $660–690B range for the five largest US cloud/AI providers (incl. Oracle), up ~77% YoY from ~$410B. Defense ~$1T reflects $838.7B appropriations + $150B via reconciliation (topline cited near $1.05T). CAVEAT: company capex is largely but not exclusively AI. The popular claim that tech will out-spend the military is a forward projection — in 2026 defense is still the larger number. Re-verified 2026-07-17.
Comparisons are informative, not definitive. See each source for definitions and limits.