Meta Maintains $135B–$145B Annual CAPEX Outlook as AI Infrastructure Spending Continues

Meta maintained annual CAPEX guidance of $135 billion to $145 billion after reporting third-quarter revenue of $64.6 billion, up 26% year on year. The company is investing in advanced chips and data centers as it expands its AI activities and competes with OpenAI and Anthropic.

For data-center and power-infrastructure markets, the scale of the guidance is a further indication that the investment cycle among large AI and cloud platforms remains elevated. This could translate into continued demand for compute infrastructure, data-center sites, server components and supporting energy infrastructure.

The company’s third-quarter free cash flow was negative $2.12 billion. The available reporting does not state that this will alter Meta’s infrastructure plans, but it is relevant to the company’s financial flexibility alongside its high CAPEX program.

Meta did not provide CAPEX guidance for 2027. The company also did not disclose how much of the $135 billion–$145 billion annual CAPEX range is allocated specifically to data centers, advanced chips or energy infrastructure. No data-center locations, MW capacity, facility count, construction timetable or commissioning status were provided.

Separately, Meta said its Muse AI agent had launched in the United States and Canada and surpassed 10 million created accounts in about one and a half months. The available information does not link this metric to a specific infrastructure deployment or capacity requirement.