Methodology

What a reading is

One reading is one company in one reported quarter: the capex figure, the date it was announced, the capex guidance given that day, and the source of each. We read the company’s earnings release, 10-Q, cash-flow statement or call transcript, from its own investor-relations site or SEC EDGAR. Trade press is not a source for any number here.

Capex is not one measure

Each company counts capex its own way, so each row states what its figure counts. Amazon reports gross cash purchases of property and equipment. Microsoft and Meta include finance leases in their headline capex, and Microsoft also reports cash paid for property and equipment, which the table keeps in its own field. Oracle reports gross capital expenditures in its cash-flow statement, with a net figure after financing offsets. CoreWeave’s table figure is cash purchases of property and equipment, and its management capex measure on the call is larger and sits in a separate field. Every figure is company-wide, never cloud-only or AI-only.

Fiscal and calendar quarters

Microsoft’s fiscal year ends in June, Oracle’s in May, Apple’s in late September and IREN’s in June. Each reading keeps the company’s own label and sits in the calendar quarter its last day falls in: Microsoft FY2027 Q1 (July to September 2026) is 2026 Q3, and so is Oracle FY2027 Q1 (June to August 2026), one month ahead of the calendar.

Derived quarters

Apple and Oracle publish cash flows year to date. For those quarters the row shows the subtraction in its Calculation field: the cumulative figure minus the previous cumulative figure, with both sources. IREN’s figure adds two cash-flow lines, also spelled out.

Currency

Alibaba, Baidu and Tencent report in renminbi, and the table keeps renminbi. Any dollar conversion would be our estimate rather than a reported number, so none is shown, and the charts never mix currencies.

Restatements

Where a company restated an earlier quarter, the row shows the figure from its own release and the Revision note gives the later figure. CoreWeave’s first two 2025 quarters carry such a note.

Guidance

Guidance is what management said on the earnings date, in its own terms: a range, a point estimate, or quarter-level commentary. It is not a forecast of ours, and it is not restated when the company later changes it; the next quarter’s row carries the new outlook.

Who is in

The table covers 13 companies: Microsoft, Alphabet, Amazon, Meta and Oracle; the neoclouds CoreWeave, Nebius and IREN; the Chinese cloud groups Alibaba, Baidu and Tencent; and Apple and IBM for reference. Companies that do not publish a quarterly company-wide capex figure, such as Lambda, Crusoe and Vultr, are not in the table.

Corrections

Send corrections to desk@hyperscalerscapex.com with the source. We update the row and its verified date. Sponsored placement is labelled and never changes a row.

Reuse

The dataset is free to reuse under CC BY 4.0 with a link to hyperscalerscapex.com. Download it as CSV or JSON.