Meta’s 74% Capex Boost to $115–135B Fuels Nebius AI Infrastructure Growth
Meta Platforms will boost 2026 capital expenditure 74% to $115–135 billion to deploy millions of Nvidia GPUs, benefiting Nebius Group’s $3 billion Meta contract and $20+ billion backlog. Analysts forecast Nebius revenue to jump from $530 million in 2025 to $3.4 billion in 2026 as capacity expands to 800 MW–1 GW.
1. Meta’s 2026 Capex Surge
Meta Platforms announced a 74% increase in 2026 capital expenditure to $115–135 billion, earmarked for deploying millions of Nvidia GPUs and CPUs across its expanding AI data center network. This surge underscores Meta’s commitment to scaling generative AI workloads and creates significant downstream demand for specialized infrastructure providers.
2. Nebius’ Contract and Backlog
Nebius Group holds a $3 billion contract with Meta as part of its over $20 billion backlog of long‐term agreements, positioning the company to capture accelerated cloud infrastructure spending. This secured pipeline underpins analysts’ forecasts of revenue growth from $530 million in 2025 to $3.4 billion in 2026.
3. Capacity Expansion and Revenue Outlook
Nebius plans to expand AI data center capacity to 800 MW–1 GW by year‐end 2026 and has raised annual recurring revenue targets to $7–9 billion. Sustained enterprise demand and tight data center availability support favorable pricing power and reinforce the company’s structural growth trajectory.