Meta raises 2026 capex to $135–145B on AI; Q3 free cash flow deficit $2.12B
Meta raised the lower end of its 2026 capital expenditure outlook to $135 billion (range $135–145B) for chips, data centers and AI infrastructure including Muse, and reported a $2.12 billion free cash flow deficit in Q3. Shares rose 4–5% after hours on a Q4 revenue forecast ($73–76B) that beat expectations.