Meta Raises 2026 Capex Floor to $130 Billion as Profitability Slips

Meta raised its 2026 capital expenditure projection to $130–$145 billion, lifting the lower end from $125 billion, and increased its expense floor to $165 billion. The spending is directed at AI infrastructure. The same day, Meta reported Q2 EPS of $6.18 versus a $7.14 consensus, with $2.4 billion in legal charges and $1.18 billion in severance costs.