Meta raises 2026 capex to as much as 145 billion dollars and shares fall 10 percent on AI spend

Meta grew Q2 revenue 28 percent to 60.8 billion dollars but lifted full-year capital spending guidance to a range of 130 to 145 billion dollars for AI and superintelligence infrastructure. Shares fell about 10 percent after hours as total expenses jumped 55 percent and free cash flow collapsed to under 1 billion dollars.