Meta expects its 2026 capex to be $135B-$145B, vs. $130B-$145B previously, and forecasts Q4 revenue of $73B-$76B, vs. $73.6B est.; META jumps 3%+ after hours (Riley Griffin/Bloomberg)

What happened

• Meta expects 2026 capital spending of $135B-$145B, up from its previous $130B-$145B outlook.
• Meta forecasts fourth-quarter revenue of $73B-$76B, compared with a $73.6B estimate.
• Meta announced plans to create a new class of nonvoting stock; its shares rose more than 3% after hours.

Why it matters

The higher capital-spending outlook is relevant to technology and corporate-finance professionals assessing Meta’s investment requirements. The new nonvoting-stock plan and after-hours share move are relevant to markets and capital-structure analysis.

Timeline

1. EarlierOct 19
   Here are Monday's biggest analyst calls: SpaceX, Nvidia, Apple, CoreWeave, Amazon, Meta, Eli Lilly & more
2. EarlierOct 21
   Meta Offers Zuckerberg New Shares to Shield Him From Wealth Tax
3. First reported by TechmemeOct 21
   Meta expects its 2026 capex to be $135B-$145B, vs. $130B-$145B previously, and forecasts Q4 revenue of $73B-$76B, vs. $73.6B est.; META jumps 3%+ after hours (Riley Griffin/Bloomberg)

Sources (1)

1. TechmemeOct 21
   Meta expects its 2026 capex to be $135B-$145B, vs. $130B-$145B previously, and forecasts Q4 revenue of $73B-$76B, vs. $73.6B est.; META jumps 3%+ after hours (Riley Griffin/Bloomberg)

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