Buildout · quarterly · 10 quarters since Q1 2024

Capital spending of 9 AI spenders A new high

$208.4 bn in Q2 2026

Highest of 10 quarters since Q1 2024. The previous high was $166.2 bn in Q1 2026.

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Capital spending of 9 AI spenders, in a frame

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Credits Company filings.

The new highs and lows

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Credits U.S. Bureau of Labor Statistics, U.S. Census Bureau, U.S. Energy Information Administration and Company filings.

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Cite

This page

Jesse Hawkins, “Records: Capital spending of 9 AI spenders: a new high”, jesseahawkins.com, data retrieved 11 Oct 2026. https://jesseahawkins.com/records/capex/. Data: Company filings, public filings.

BibTeX

@misc{hawkins2026recordscapex,
  author = {Hawkins, Jesse},
  title = {{Records: Capital spending of 9 AI spenders: a new high}},
  year = {2026},
  howpublished = {\url{https://jesseahawkins.com/records/capex/}},
  note = {Data: Company filings, public filings, retrieved 2026-10-11}
}

How it is ranked

Cash spent on property and equipment by Microsoft, Alphabet, Amazon, Meta, Oracle, CoreWeave, Alibaba, Tencent and Baidu, from their filings, in quarters where all of them have reported. This site’s copy holds 10 quarters from Q1 2024, retrieved by 11 October 2026; the newest reading is ranked against every earlier one.

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The whole history

10 quarters, Q1 2024 to Q2 2026 · the scale does not start at zero

One new high or low in the log

The log of every series →

11 October 2026 New high $208.4 bn in Q2 2026. Highest of 10 quarters since Q1 2024. The previous high was $166.2 bn in Q1 2026.

The readings that matter

Every reading as CSV

Newest reading	Q2 2026	$208.4 bn
The high before	Q1 2026	$166.2 bn
Highest reading	Q2 2026	$208.4 bn
Lowest reading	Q1 2024	$51.5 bn
First reading	Q1 2024	$51.5 bn

What the series is

Cash spent on property and equipment by Microsoft, Alphabet, Amazon, Meta, Oracle, CoreWeave, Alibaba, Tencent and Baidu, from their filings, in quarters where all of them have reported. The ranking covers this site’s copy of the series, which can start later than the source’s own history.

Terms: New high, new low · Capital spending

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Sources

capex.csv Follow this series → Every dataset → Status → Glossary →

Company filings, public filings: Capital spending of 9 AI spenders. Retrieved 11 October 2026.