Catenaa, Thursday, October 22, 2026- Meta has agreed to spend about $825 billion on future leases and contracts for AI infrastructure and computing power.
Meta disclosed approximately $355.7 billion in lease obligations for infrastructure that has not yet entered service. The arrangements cover facilities including data centers and energy infrastructure, with lease commencements scheduled through 2036, Bloomberg reported.
Separately, Meta disclosed $454.5 billion in contractual commitments outstanding at the end of September. The agreements cover external cloud services, electricity supplies for data centers, and equipment for its Reality Labs business.
However, Meta stock fell more than 7% on Thursday, despite beating Wall Street estimates on Q3 earnings.
According to Yahoo Finance, the declines come as investors continue to pull back on semiconductor and other AI stocks amid ongoing concerns about data center spending and returns on massive AI investments.
Bloomberg News reported that Meta boosted its capital spending plans for the year at the quarterly earnings calls and announced a new class of nonvoting stock that could ultimately help fund acquisitions and other expenses.
Meta raised the lower end of its capital expenditure estimates to $135 billion to $145 billion, up from $130 billion to $145 billion.
According to Bloomberg News, Meta will purchase up to $14.7 billion of cloud capacity over five years, though that amount could decrease if the cloud service provider sells to other customers.
In July, Meta reported future spending commitments of almost $700 billion.
Despite Wall Street’s reaction to Meta’s earnings, analysts were largely bullish on the company’s outlook, driven by the prospects of its Muse AI agent and models, according to Yahoo Finance.
Yahoo Finance reported that CEO Mark Zuckerberg repeatedly pointed to Muse as a source of growth potential during the company’s earnings call, saying “Muse will be highly profitable over multiple years,” as long as compute efficiency in AI systems continues to improve.
Meta posted an all-time high revenue of $64 billion in the quarter, well ahead of the $63.3 billion analysts anticipated. GAAP earnings per share came in at $3.83 versus expectations of $3.56, but would have been $7.40 without legal charges related to the company’s teen mental health settlement.
Meta said that it will issue new non-voting Class C shares to all Class A stockholders, effectively creating a 2-for-1 stock split, Yahoo Finance reported.
The move is meant to ensure Zuckerberg stays in California and retains voting control of the company if the state’s Proposition 40 passes on Election Day.
