Alphabet: Capex by Quarter

$195B to $205B · actual $80.6B (2 of 4 quarters)

raised full-year 2026 capital expenditure guidance to $195-205 billion, up from $180-190 billion, on an acceleration in the delivery of capacity to meet growing demand

Third 2026 guide in six months, and a 20bn increase over the opening range. The two quarters on file cover 80.6bn of it.

tier-1 source

$180B to $190B · actual $80.6B (2 of 4 quarters)

ups 2026 capex to as much as $190 billion, expects to significantly increase in 2027

Raised by 5bn at both ends, and described as including investment related to the Intersect acquisition, which closed in March.

tier-1 source

$175B to $185B · actual $80.6B (2 of 4 quarters)

$175 billion to $185 billion

The opening 2026 guide, roughly double 2025 actual spend. Superseded twice inside six months.

tier-1 sourcetier-1 source

$91B to $93B · actual $91.4B (company total)

will increase its capital expenditures to a range of $91 billion to $93 billion for the 2025 year, up from $85 billion

Scored against Alphabet's reported 2025 total of 91.4bn rather than summed quarters, because only the second half of 2025 is on file here. It landed just inside the bottom of a range raised twice during the year.

tier-1 sourcetier-1 source

Headline

$44.9B

Cash capex

$44.9B

Finance leases

n/a

Basis gap

n/a

Reported as 44.9bn, roughly double the year-ago quarter, and the quarter Alphabet's free cash flow turned negative. It reconciles: the trailing-twelve-month purchases figure of 132.4bn less the three prior quarters on file leaves 44.9bn. Stored at the rounded figure the company and coverage both used rather than at a derived precision.

tier-1 sourceprimary source

Headline

$35.7B

Cash capex

$35.7B

Finance leases

n/a

Basis gap

n/a

Quoted as 35.7bn in coverage of the quarter, which the 35,674 figure rounds to. Roughly 60% servers, 40% data centers and networking, per management.

tier-1 sourcesource

Headline

$27.9B

Cash capex

$27.9B

Finance leases

n/a

Basis gap

n/a

This quarter and Q3 2025 sum to 51.8bn, leaving 39.6bn for the first half against the 91.4bn full-year figure Alphabet reported.

primary sourcetier-1 sourcesource

Headline

$24B

Cash capex

$24B

Finance leases

n/a

Basis gap

n/a

Purchases of property and equipment. The quarter Alphabet raised its 2025 capex guide to 91-93bn.

primary sourcetier-1 sourcesource