Meta is making it rain for AI.
The company spent $34.91 billion in capital expenditures during the third quarter of 2026. That’s up from the second quarter’s sum, $31.08 billion.
For the year 2026, Meta said it expects to spend between $135-145 billion in capital expenditures, narrowed from its prediction of $130-145 billion last quarter.
Meta’s forecast includes the yearly capex prediction that analysts expected: $139.79 billion.
As Meta bets big on AI, it is investing heavily in its development. It has built massive, costly data centers and spent big on computing power.
The spending uptick was expected. On the “Cheeky Pint” podcast earlier this month, CEO Mark Zuckerberg recounted early conversations about the investment — and said he’d bet up to $200 billion on AI, before he knew the models would work.
Investors haven’t loved Meta’s massive capex forecasts in past quarters. The stock tumbled almost 10% last quarter after earnings per share missed Wall Street estimates, and sank 6% the quarter before on raised capex guidance.
This quarter, Meta has a new hero product: Muse.
The AI assistant has reached over 2 million daily users and 3 million downloads. It quickly scaled the App Store. Muse users told Business Insider they chatted with it to help plan trips and ace exams.
The energy around the company is ebullient, as Alexandr Wang, Meta’s chief AI officer, continues to post memes of Muse’s squishy-looking mascot.
It’s unclear how Meta plans to profit off Muse’s popularity. For past products, Meta has focused on growing the user base before introducing monetization.
Muse could help justify the capex guidance for some investors. The stock was trading up 4.12% after-hours at the time of publication.
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