Big Tech's Capex to Revenue Ratios Surge Amid AI Infrastructure Boom

Beth_Kindig · x · 2026-08-05

Massive investments in AI infrastructure are driving up the capex to revenue ratios for major tech companies. Meta is expected to hit 54.9% (up from 35.9%), Microsoft 45% (up from 31%), Alphabet 41% (up from 23%), and Amazon 25% (up from 18%).

Related event: Tech Giants' Q2 Earnings: Strong AI Demand, Soaring Capex Ratios(3 posts)→

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