Meta Raises 2026 CapEx to $115–135B, Extends MTIA, Remains Bullish on VR
Meta raised 2026 CapEx guidance to $115–135 billion, up 73% year-over-year, and will extend its MTIA chips to training workloads, boosting future chip revenue prospects. CTO Andrew Bosworth called Reality Labs budget cuts a real loss but reaffirmed VR commitment with investments matching growth projections.
1. CapEx Guidance
Meta projected 2026 CapEx of $115–135 billion, implying 73% year-over-year growth, exceeding estimates of $110 billion and signaling robust investment in data center and AI infrastructure.
2. MTIA Expansion
The company will extend its Meta Training and Inference Accelerator (MTIA) from inference to core ranking and recommendation training workloads, indicating deeper integration with chip partner development.
3. Reality Labs Cuts
CTO Andrew Bosworth described recent Reality Labs budget cuts as a real loss, but emphasized that future VR investments will be calibrated to match growth prospects and maintain strategic focus.
4. Institutional Buys
Pittenger & Anderson and Ritter Daniher acquired a combined 5,059 shares in the third quarter, modestly boosting institutional ownership ahead of anticipated technology spending gains.