Core News Facts
Meta Platforms (NASDAQ: META) has raised its 2026 capital-spending plan to between $125 billion and $145 billion, marking a significant increase from the previous range of $115 billion to $135 billion. This increase is driven by escalating needs for computing power as Meta invests heavily in artificial intelligence (AI).
Shares of Meta fell approximately 6% on June 5, 2026, following a Financial Times report suggesting the company is contemplating an equity sale potentially worth tens of billions to fund its AI initiatives. While Meta dismissed the report as “pure speculation,” it has paused its share buyback program and is considering flexible capital-raising strategies.
In the first quarter of 2026, Meta’s revenue reached $56.3 billion, a 33% increase year-over-year, while its capital expenditures of about $20 billion exceeded free cash flow of $12.4 billion, contributing to ongoing discussions about funding strategies amidst rising long-term debt, which was approximately $59 billion as of March 31.
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