# Hyperscaler Capex

> One row per company per quarter: capex as reported, the guidance given that day, and the filing or earnings release it came from.

Every quarter of capex, straight from the earnings release. 82 readings, each field linked to its public source, last verified 2026-11-11.
When citing, link the canonical HTML page.

## Data
- [Hyperscaler capex, quarter by quarter](https://hyperscalerscapex.com/): the full comparison table
- [Data (JSON)](https://hyperscalerscapex.com/data.json): every record with sources
- [Data (CSV)](https://hyperscalerscapex.com/data.csv): one row per reading
- [Methodology](https://hyperscalerscapex.com/methodology/): what each field means and how it is verified

## Readings
- [Alibaba — CY2025 Q2](https://hyperscalerscapex.com/alibaba-cy2025-q2/): Alibaba provides cloud computing and AI infrastructure to businesses alongside commerce services. Its reported group capex includes infrastructure across the company.
- [Alibaba — CY2025 Q3](https://hyperscalerscapex.com/alibaba-cy2025-q3/): Alibaba provides cloud computing and AI infrastructure to businesses alongside commerce services. Its reported group capex includes infrastructure across the company.
- [Alibaba — CY2025 Q4](https://hyperscalerscapex.com/alibaba-cy2025-q4/): Alibaba provides cloud computing and AI infrastructure to businesses alongside commerce services. Its reported group capex includes infrastructure across the company.
- [Alibaba — CY2026 Q1](https://hyperscalerscapex.com/alibaba-cy2026-q1/): Alibaba provides cloud computing and AI infrastructure to businesses alongside commerce services. Its reported group capex includes infrastructure across the company.
- [Alibaba — CY2026 Q2](https://hyperscalerscapex.com/alibaba-cy2026-q2/): Alibaba provides cloud computing and AI infrastructure to businesses alongside commerce services. Its reported group capex includes infrastructure across the company.
- [Alphabet — CY2025 Q1](https://hyperscalerscapex.com/alphabet-cy2025-q1/): Alphabet sells Google Cloud infrastructure and enterprise software, alongside search and digital advertising services. Capex is reported for the whole group, including its consumer and AI businesses.
- [Alphabet — CY2025 Q2](https://hyperscalerscapex.com/alphabet-cy2025-q2/): Alphabet sells Google Cloud infrastructure and enterprise software, alongside search and digital advertising services. Capex is reported for the whole group, including its consumer and AI businesses.
- [Alphabet — CY2025 Q3](https://hyperscalerscapex.com/alphabet-cy2025-q3/): Alphabet sells Google Cloud infrastructure and enterprise software, alongside search and digital advertising services. Capex is reported for the whole group, including its consumer and AI businesses.
- [Alphabet — CY2025 Q4](https://hyperscalerscapex.com/alphabet-cy2025-q4/): Alphabet sells Google Cloud infrastructure and enterprise software, alongside search and digital advertising services. Capex is reported for the whole group, including its consumer and AI businesses.
- [Alphabet — CY2026 Q1](https://hyperscalerscapex.com/alphabet-cy2026-q1/): Alphabet sells Google Cloud infrastructure and enterprise software, alongside search and digital advertising services. Capex is reported for the whole group, including its consumer and AI businesses.
- [Alphabet — CY2026 Q2](https://hyperscalerscapex.com/alphabet-cy2026-q2/): Alphabet sells Google Cloud infrastructure and enterprise software, alongside search and digital advertising services. Capex is reported for the whole group, including its consumer and AI businesses.
- [Alphabet — CY2026 Q3](https://hyperscalerscapex.com/alphabet-cy2026-q3/): Alphabet sells Google Cloud infrastructure and enterprise software, alongside search and digital advertising services. Capex is reported for the whole group, including its consumer and AI businesses.
- [Amazon — CY2024 Q1](https://hyperscalerscapex.com/amazon-cy2024-q1/): Amazon sells AWS cloud services to enterprises and developers and operates retail and logistics businesses. Its reported capex also includes fulfillment infrastructure, so these figures are not AWS-only.
- [Amazon — CY2024 Q2](https://hyperscalerscapex.com/amazon-cy2024-q2/): Amazon sells AWS cloud services to enterprises and developers and operates retail and logistics businesses. Its reported capex also includes fulfillment infrastructure, so these figures are not AWS-only.
- [Amazon — CY2024 Q3](https://hyperscalerscapex.com/amazon-cy2024-q3/): Amazon sells AWS cloud services to enterprises and developers and operates retail and logistics businesses. Its reported capex also includes fulfillment infrastructure, so these figures are not AWS-only.
- [Amazon — CY2024 Q4](https://hyperscalerscapex.com/amazon-cy2024-q4/): Amazon sells AWS cloud services to enterprises and developers and operates retail and logistics businesses. Its reported capex also includes fulfillment infrastructure, so these figures are not AWS-only.
- [Amazon — CY2025 Q1](https://hyperscalerscapex.com/amazon-cy2025-q1/): Amazon sells AWS cloud services to enterprises and developers and operates retail and logistics businesses. Its reported capex also includes fulfillment infrastructure, so these figures are not AWS-only.
- [Amazon — CY2025 Q2](https://hyperscalerscapex.com/amazon-cy2025-q2/): Amazon sells AWS cloud services to enterprises and developers and operates retail and logistics businesses. Its reported capex also includes fulfillment infrastructure, so these figures are not AWS-only.
- [Amazon — CY2025 Q3](https://hyperscalerscapex.com/amazon-cy2025-q3/): Amazon sells AWS cloud services to enterprises and developers and operates retail and logistics businesses. Its reported capex also includes fulfillment infrastructure, so these figures are not AWS-only.
- [Amazon — CY2025 Q4](https://hyperscalerscapex.com/amazon-cy2025-q4/): Amazon sells AWS cloud services to enterprises and developers and operates retail and logistics businesses. Its reported capex also includes fulfillment infrastructure, so these figures are not AWS-only.
- [Amazon — CY2026 Q1](https://hyperscalerscapex.com/amazon-cy2026-q1/): Amazon sells AWS cloud services to enterprises and developers and operates retail and logistics businesses. Its reported capex also includes fulfillment infrastructure, so these figures are not AWS-only.
- [Amazon — CY2026 Q2](https://hyperscalerscapex.com/amazon-cy2026-q2/): Amazon sells AWS cloud services to enterprises and developers and operates retail and logistics businesses. Its reported capex also includes fulfillment infrastructure, so these figures are not AWS-only.
- [Amazon — CY2026 Q3](https://hyperscalerscapex.com/amazon-cy2026-q3/): Amazon sells AWS cloud services to enterprises and developers and operates retail and logistics businesses. Its reported capex also includes fulfillment infrastructure, so these figures are not AWS-only.
- [Apple — FY2025 Q1](https://hyperscalerscapex.com/apple-fy2025-q1/): Apple sells devices, software and digital services, including iCloud, to consumers and businesses. These figures cover all company PP&E cash payments, including investments outside cloud infrastructure.
- [Apple — FY2025 Q2](https://hyperscalerscapex.com/apple-fy2025-q2/): Apple sells devices, software and digital services, including iCloud, to consumers and businesses. These figures cover all company PP&E cash payments, including investments outside cloud infrastructure.
- [Apple — FY2025 Q3](https://hyperscalerscapex.com/apple-fy2025-q3/): Apple sells devices, software and digital services, including iCloud, to consumers and businesses. These figures cover all company PP&E cash payments, including investments outside cloud infrastructure.
- [Apple — FY2025 Q4](https://hyperscalerscapex.com/apple-fy2025-q4/): Apple sells devices, software and digital services, including iCloud, to consumers and businesses. These figures cover all company PP&E cash payments, including investments outside cloud infrastructure.
- [Apple — FY2026 Q1](https://hyperscalerscapex.com/apple-fy2026-q1/): Apple sells devices, software and digital services, including iCloud, to consumers and businesses. These figures cover all company PP&E cash payments, including investments outside cloud infrastructure.
- [Apple — FY2026 Q2](https://hyperscalerscapex.com/apple-fy2026-q2/): Apple sells devices, software and digital services, including iCloud, to consumers and businesses. These figures cover all company PP&E cash payments, including investments outside cloud infrastructure.
- [Apple — FY2026 Q3](https://hyperscalerscapex.com/apple-fy2026-q3/): Apple sells devices, software and digital services, including iCloud, to consumers and businesses. These figures cover all company PP&E cash payments, including investments outside cloud infrastructure.
- [Apple — FY2026 Q4](https://hyperscalerscapex.com/apple-fy2026-q4/): Apple sells devices, software and digital services, including iCloud, to consumers and businesses. These figures cover all company PP&E cash payments, including investments outside cloud infrastructure.
- [Baidu — CY2025 Q2](https://hyperscalerscapex.com/baidu-cy2025-q2/): Baidu sells AI cloud infrastructure and AI applications to businesses and operates search and advertising services. The capex figure is consolidated and includes iQIYI.
- [Baidu — CY2026 Q1](https://hyperscalerscapex.com/baidu-cy2026-q1/): Baidu sells AI cloud infrastructure and AI applications to businesses and operates search and advertising services. The capex figure is consolidated and includes iQIYI.
- [Baidu — CY2026 Q2](https://hyperscalerscapex.com/baidu-cy2026-q2/): Baidu sells AI cloud infrastructure and AI applications to businesses and operates search and advertising services. The capex figure is consolidated and includes iQIYI.
- [CoreWeave — CY2025 Q1](https://hyperscalerscapex.com/coreweave-cy2025-q1/): CoreWeave sells GPU cloud infrastructure and software to AI labs, hyperscalers and enterprises. Cash PP&E purchases are shown here; its broader management CapEx measure can differ materially.
- [CoreWeave — CY2025 Q2](https://hyperscalerscapex.com/coreweave-cy2025-q2/): CoreWeave sells GPU cloud infrastructure and software to AI labs, hyperscalers and enterprises. Cash PP&E purchases are shown here; its broader management CapEx measure can differ materially.
- [CoreWeave — CY2025 Q3](https://hyperscalerscapex.com/coreweave-cy2025-q3/): CoreWeave sells GPU cloud infrastructure and software to AI labs, hyperscalers and enterprises. Cash PP&E purchases are shown here; its broader management CapEx measure can differ materially.
- [CoreWeave — CY2025 Q4](https://hyperscalerscapex.com/coreweave-cy2025-q4/): CoreWeave sells GPU cloud infrastructure and software to AI labs, hyperscalers and enterprises. Cash PP&E purchases are shown here; its broader management CapEx measure can differ materially.
- [CoreWeave — CY2026 Q1](https://hyperscalerscapex.com/coreweave-cy2026-q1/): CoreWeave sells GPU cloud infrastructure and software to AI labs, hyperscalers and enterprises. Cash PP&E purchases are shown here; its broader management CapEx measure can differ materially.
- [CoreWeave — CY2026 Q2](https://hyperscalerscapex.com/coreweave-cy2026-q2/): CoreWeave sells GPU cloud infrastructure and software to AI labs, hyperscalers and enterprises. Cash PP&E purchases are shown here; its broader management CapEx measure can differ materially.
- [CoreWeave — CY2026 Q3](https://hyperscalerscapex.com/coreweave-cy2026-q3/): CoreWeave sells GPU cloud infrastructure and software to AI labs, hyperscalers and enterprises. Cash PP&E purchases are shown here; its broader management CapEx measure can differ materially.
- [IBM — CY2025 Q3](https://hyperscalerscapex.com/ibm-cy2025-q3/): IBM sells hybrid cloud software, infrastructure and consulting to enterprises, and operates IBM Cloud. The capex measure is company-wide and net of offsets.
- [IBM — CY2026 Q3](https://hyperscalerscapex.com/ibm-cy2026-q3/): IBM sells hybrid cloud software, infrastructure and consulting to enterprises, and operates IBM Cloud. The capex measure is company-wide and net of offsets.
- [IREN — FY2026 Q4](https://hyperscalerscapex.com/iren-fy2026-q4/): IREN operates datacenters and sells GPU cloud capacity to enterprise and hyperscaler customers. These company-wide cash payments include its infrastructure businesses.
- [IREN — FY2027 Q1](https://hyperscalerscapex.com/iren-fy2027-q1/): IREN operates datacenters and sells GPU cloud capacity to enterprise and hyperscaler customers. These company-wide cash payments include its infrastructure businesses.
- [Meta — CY2025 Q1](https://hyperscalerscapex.com/meta-cy2025-q1/): Meta operates social and messaging apps and sells advertising to businesses. Its company-wide infrastructure spending supports its consumer services and AI development.
- [Meta — CY2025 Q2](https://hyperscalerscapex.com/meta-cy2025-q2/): Meta operates social and messaging apps and sells advertising to businesses. Its company-wide infrastructure spending supports its consumer services and AI development.
- [Meta — CY2025 Q3](https://hyperscalerscapex.com/meta-cy2025-q3/): Meta operates social and messaging apps and sells advertising to businesses. Its company-wide infrastructure spending supports its consumer services and AI development.
- [Meta — CY2025 Q4](https://hyperscalerscapex.com/meta-cy2025-q4/): Meta operates social and messaging apps and sells advertising to businesses. Its company-wide infrastructure spending supports its consumer services and AI development.
- [Meta — CY2026 Q1](https://hyperscalerscapex.com/meta-cy2026-q1/): Meta operates social and messaging apps and sells advertising to businesses. Its company-wide infrastructure spending supports its consumer services and AI development.
- [Meta — CY2026 Q2](https://hyperscalerscapex.com/meta-cy2026-q2/): Meta operates social and messaging apps and sells advertising to businesses. Its company-wide infrastructure spending supports its consumer services and AI development.
- [Meta — CY2026 Q3](https://hyperscalerscapex.com/meta-cy2026-q3/): Meta operates social and messaging apps and sells advertising to businesses. Its company-wide infrastructure spending supports its consumer services and AI development.
- [Microsoft — FY2025 Q2](https://hyperscalerscapex.com/microsoft-fy2025-q2/): Microsoft sells Azure cloud infrastructure, business software and AI services to enterprises and developers. These figures cover Microsoft as a whole.
- [Microsoft — FY2025 Q3](https://hyperscalerscapex.com/microsoft-fy2025-q3/): Microsoft sells Azure cloud infrastructure, business software and AI services to enterprises and developers. These figures cover Microsoft as a whole.
- [Microsoft — FY2025 Q4](https://hyperscalerscapex.com/microsoft-fy2025-q4/): Microsoft sells Azure cloud infrastructure, business software and AI services to enterprises and developers. These figures cover Microsoft as a whole.
- [Microsoft — FY2026 Q1](https://hyperscalerscapex.com/microsoft-fy2026-q1/): Microsoft sells Azure cloud infrastructure, business software and AI services to enterprises and developers. These figures cover Microsoft as a whole.
- [Microsoft — FY2026 Q2](https://hyperscalerscapex.com/microsoft-fy2026-q2/): Microsoft sells Azure cloud infrastructure, business software and AI services to enterprises and developers. These figures cover Microsoft as a whole.
- [Microsoft — FY2026 Q3](https://hyperscalerscapex.com/microsoft-fy2026-q3/): Microsoft sells Azure cloud infrastructure, business software and AI services to enterprises and developers. These figures cover Microsoft as a whole.
- [Microsoft — FY2026 Q4](https://hyperscalerscapex.com/microsoft-fy2026-q4/): Microsoft sells Azure cloud infrastructure, business software and AI services to enterprises and developers. These figures cover Microsoft as a whole.
- [Microsoft — FY2027 Q1](https://hyperscalerscapex.com/microsoft-fy2027-q1/): Microsoft sells Azure cloud infrastructure, business software and AI services to enterprises and developers. These figures cover Microsoft as a whole.
- [Nebius — CY2025 Q1](https://hyperscalerscapex.com/nebius-cy2025-q1/): Nebius provides GPU cloud infrastructure and software for AI training and inference. The figures are consolidated cash purchases, including intangible assets, rather than a pure datacenter-construction measure.
- [Nebius — CY2025 Q2](https://hyperscalerscapex.com/nebius-cy2025-q2/): Nebius provides GPU cloud infrastructure and software for AI training and inference. The figures are consolidated cash purchases, including intangible assets, rather than a pure datacenter-construction measure.
- [Nebius — CY2025 Q3](https://hyperscalerscapex.com/nebius-cy2025-q3/): Nebius provides GPU cloud infrastructure and software for AI training and inference. The figures are consolidated cash purchases, including intangible assets, rather than a pure datacenter-construction measure.
- [Nebius — CY2025 Q4](https://hyperscalerscapex.com/nebius-cy2025-q4/): Nebius provides GPU cloud infrastructure and software for AI training and inference. The figures are consolidated cash purchases, including intangible assets, rather than a pure datacenter-construction measure.
- [Nebius — CY2026 Q1](https://hyperscalerscapex.com/nebius-cy2026-q1/): Nebius provides GPU cloud infrastructure and software for AI training and inference. The figures are consolidated cash purchases, including intangible assets, rather than a pure datacenter-construction measure.
- [Nebius — CY2026 Q2](https://hyperscalerscapex.com/nebius-cy2026-q2/): Nebius provides GPU cloud infrastructure and software for AI training and inference. The figures are consolidated cash purchases, including intangible assets, rather than a pure datacenter-construction measure.
- [Oracle — FY2025 Q1](https://hyperscalerscapex.com/oracle-fy2025-q1/): Oracle sells cloud infrastructure, database software and enterprise applications to businesses. Its capital expenditures support its company-wide infrastructure buildout.
- [Oracle — FY2025 Q2](https://hyperscalerscapex.com/oracle-fy2025-q2/): Oracle sells cloud infrastructure, database software and enterprise applications to businesses. Its capital expenditures support its company-wide infrastructure buildout.
- [Oracle — FY2025 Q3](https://hyperscalerscapex.com/oracle-fy2025-q3/): Oracle sells cloud infrastructure, database software and enterprise applications to businesses. Its capital expenditures support its company-wide infrastructure buildout.
- [Oracle — FY2025 Q4](https://hyperscalerscapex.com/oracle-fy2025-q4/): Oracle sells cloud infrastructure, database software and enterprise applications to businesses. Its capital expenditures support its company-wide infrastructure buildout.
- [Oracle — FY2026 Q1](https://hyperscalerscapex.com/oracle-fy2026-q1/): Oracle sells cloud infrastructure, database software and enterprise applications to businesses. Its capital expenditures support its company-wide infrastructure buildout.
- [Oracle — FY2026 Q2](https://hyperscalerscapex.com/oracle-fy2026-q2/): Oracle sells cloud infrastructure, database software and enterprise applications to businesses. Its capital expenditures support its company-wide infrastructure buildout.
- [Oracle — FY2026 Q3](https://hyperscalerscapex.com/oracle-fy2026-q3/): Oracle sells cloud infrastructure, database software and enterprise applications to businesses. Its capital expenditures support its company-wide infrastructure buildout.
- [Oracle — FY2026 Q4](https://hyperscalerscapex.com/oracle-fy2026-q4/): Oracle sells cloud infrastructure, database software and enterprise applications to businesses. Its capital expenditures support its company-wide infrastructure buildout.
- [Oracle — FY2027 Q1](https://hyperscalerscapex.com/oracle-fy2027-q1/): Oracle sells cloud infrastructure, database software and enterprise applications to businesses. Its capital expenditures support its company-wide infrastructure buildout.
- [Tencent — CY2024 Q4](https://hyperscalerscapex.com/tencent-cy2024-q4/): Tencent provides cloud infrastructure and business services alongside games, social platforms and advertising. These figures cover capital expenditures across the group.
- [Tencent — CY2025 Q1](https://hyperscalerscapex.com/tencent-cy2025-q1/): Tencent provides cloud infrastructure and business services alongside games, social platforms and advertising. These figures cover capital expenditures across the group.
- [Tencent — CY2025 Q2](https://hyperscalerscapex.com/tencent-cy2025-q2/): Tencent provides cloud infrastructure and business services alongside games, social platforms and advertising. These figures cover capital expenditures across the group.
- [Tencent — CY2025 Q3](https://hyperscalerscapex.com/tencent-cy2025-q3/): Tencent provides cloud infrastructure and business services alongside games, social platforms and advertising. These figures cover capital expenditures across the group.
- [Tencent — CY2025 Q4](https://hyperscalerscapex.com/tencent-cy2025-q4/): Tencent provides cloud infrastructure and business services alongside games, social platforms and advertising. These figures cover capital expenditures across the group.
- [Tencent — CY2026 Q1](https://hyperscalerscapex.com/tencent-cy2026-q1/): Tencent provides cloud infrastructure and business services alongside games, social platforms and advertising. These figures cover capital expenditures across the group.
- [Tencent — CY2026 Q2](https://hyperscalerscapex.com/tencent-cy2026-q2/): Tencent provides cloud infrastructure and business services alongside games, social platforms and advertising. These figures cover capital expenditures across the group.

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