The company is also accelerating its AI strategy with major hires, investments, and large-scale data center projects.

“We currently expect another year of similarly significant capital expenditures dollar growth in 2026,” Meta CFO Susan Li said in the earnings release. Analysts said the 2026 outlook suggests Meta will spend roughly $100 billion in capex next year, significantly ahead of earlier expectations among analysts.

The parent company of Facebook and Instagram continues to exceed expectations for ad sales. Analysts are less sure about its big swings.

The social media giant spent $17 billion on capital expenditures during the quarter, mostly on AI infrastructure and data centers and it expects to continue to spend heavily throu