Meta lifts the floor on its AI spending as revenue jumps but cash flow collapses
Meta told investors it will spend even more on artificial intelligence this year, narrowing its capital-expenditure forecast for 2026 by lifting the floor rather than the ceiling.
The company now expects to spend between $130 billion and $145 billion, up from a prior range that started at $125 billion, roughly double what it laid out a year earlier.
The spending is landing on a fast-growing business. Meta reported second-quarter revenue of $60.8 billion, up 28% from a year earlier, its quickest growth since late 2021, as advertising held up and AI-tuned recommendations kept users scrolling.
The advertising engine did the heavy lifting. Better AI recommendations lifted engagement across Instagram and Facebook, and a stronger ad market let Meta turn that extra attention into its fastest revenue growth in years.
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