Spending
Cash paid for property and equipment
How much the companies that build AI capacity spend on servers, buildings and power equipment, quarter by quarter, from their SEC filings. This is cash paid, not capex guidance, and it leaves out finance leases.
- Q2 2026, 12 companies
- $175B
- Apr–Jun 2026, only companies whose fiscal quarter is this calendar quarter
- Derived quarters in this sum
- 11
- Year to date minus the earlier year to date, computed by Tokscale
- Largest
- Amazon
- $54.21B
Left out of this sum because they have no figure for exactly this calendar quarter in USD (a different fiscal calendar, another currency or no quarterly filing): Oracle, NVIDIA, AMD, Broadcom, Nebius, SpaceX, TSMC. They are listed below with their own fiscal labels.
Last eight quarters
Reported Derived
Amazon$54.21B
FY26 Q2Apr–Jun 2026
Alphabet$44.92B
FY26 Q2Apr–Jun 2026
Microsoft$35.8B
FY26 Q4Apr–Jun 2026
Meta$30.12B
FY26 Q2Apr–Jun 2026
Oracle$28.5B
FY27 Q1Jun–Aug 2026
CoreWeave$6.42B
FY26 Q2Apr–Jun 2026
NVIDIA$2.68B
FY27 Q2May–Jul 2026
Constellation Energy$1.25B
FY26 Q2Apr–Jun 2026
TeraWulf$855.6M
FY26 Q2Apr–Jun 2026
AMD$808M
FY26 Q2Apr–Jun 2026
Vistra$689M
FY26 Q2Apr–Jun 2026
Broadcom$532M
FY26 Q3May–Jul 2026
Cerebras$416.9M
FY26 Q2Apr–Jun 2026
Akamai$144.9M
FY26 Q2Apr–Jun 2026
Talen Energy$139M
FY26 Q2Apr–Jun 2026
X-energy$63.3M
FY26 Q2Apr–Jun 2026
All companies
Original currency; nothing is converted
| Company | Latest quarter | Cash paid | Last 4 quarters | Latest fiscal year | Line item and notes |
|---|---|---|---|---|---|
| AmazonNASDAQ: AMZN | FY26 Q2Apr–Jun 2026 | $54.21B10-Q ↗ | $173Bcomputed | $131.8BFY2025 · 10-K | Purchases of property and equipmentExcludes finance leases: Amazon tags finance lease principal payments separately (FinanceLeasePrincipalPayments). |
| AlphabetNASDAQ: GOOGL | FY26 Q2Apr–Jun 2026 · derived | $44.92B10-Q ↗ · 10-Q ↗ | $132.4Bcomputed | $91.45BFY2025 · 10-K | Purchases of property and equipmentExcludes finance leases: Alphabet tags finance lease principal payments separately (FinanceLeasePrincipalPayments). |
| MicrosoftNASDAQ: MSFT | FY26 Q4Apr–Jun 2026 · derived | $35.8B10-K ↗ · 10-Q ↗ | $115.9Bcomputed | $115.9BFY2026 · 10-K | Additions to property and equipmentExcludes finance leases: Microsoft tags finance lease principal payments separately (FinanceLeasePrincipalPayments). |
| MetaNASDAQ: META | FY26 Q2Apr–Jun 2026 · derived | $30.12B10-Q ↗ · 10-Q ↗ | $89.33Bcomputed | $69.69BFY2025 · 10-K | Purchases of property and equipmentLater filings revised 5 of these figures (for example, twelve months to Dec 31, 2023: $27,266,000,000 first reported, $27,045,000,000 in the 10-K filed 2025-01-30). This data keeps the first reported figures. Excludes finance leases: Meta tags finance lease principal payments separately (FinanceLeasePrincipalPayments). |
| OracleNYSE: ORCL | FY27 Q1Jun–Aug 2026 | $28.5B10-Q ↗ | $75.66Bcomputed | $55.66BFY2026 · 10-K | Capital expendituresExcludes finance leases: Oracle tags finance lease principal payments separately (FinanceLeasePrincipalPayments). |
| CoreWeaveNASDAQ: CRWV | FY26 Q2Apr–Jun 2026 · derived | $6.42B10-Q ↗ · 10-Q ↗ | $20.57Bcomputed | $10.31BFY2025 · 10-K | Purchase of property and equipment, including capitalized internal-use softwareExcludes finance leases: CoreWeave tags finance lease principal payments separately (FinanceLeasePrincipalPayments). |
| NVIDIANASDAQ: NVDA | FY27 Q2May–Jul 2026 · derived | $2.68B10-Q ↗ · 10-Q ↗ | $7.35Bcomputed | $6.04BFY2026 · 10-K | Purchases related to property and equipment and intangible assetsThis line also includes purchases of intangible assets. |
| Constellation EnergyNASDAQ: CEG | FY26 Q2Apr–Jun 2026 · derived | $1.25B10-Q ↗ · 10-Q ↗ | $3.9Bcomputed | $2.95BFY2025 · 10-K | Capital expenditures |
| TeraWulfNASDAQ: WULF | FY26 Q2Apr–Jun 2026 · derived | $855.6M10-Q ↗ · 10-Q ↗ | $2.23Bcomputed | $1.06BFY2025 · 10-K | Purchase of and deposits on plant and equipmentLater filings revised 3 of these figures (for example, three months to Mar 31, 2022: $21,488,000 first reported, $27,745,000 in the 10-K filed 2023-03-31). This data keeps the first reported figures. Excludes finance leases: TeraWulf tags finance lease principal payments separately (FinanceLeasePrincipalPayments). |
| AMDNASDAQ: AMD | FY26 Q2Apr–Jun 2026 · derived | $808M10-Q ↗ · 10-Q ↗ | $1.68Bcomputed | $974MFY2025 · 10-K | Purchases of property and equipment |
| VistraNYSE: VST | FY26 Q2Apr–Jun 2026 · derived | $689M10-Q ↗ · 10-Q ↗ | $2.87Bcomputed | $2.75BFY2025 · 10-K | Capital expenditures, including nuclear fuel purchases and LTSA prepayments |
| BroadcomNASDAQ: AVGO | FY26 Q3May–Jul 2026 · derived | $532M10-Q ↗ · 10-Q ↗ | $1.25Bcomputed | $623MFY2025 · 10-K | Purchases of property, plant and equipment |
| CerebrasNASDAQ: CBRS | FY26 Q2Apr–Jun 2026 · derived | $416.9M10-Q ↗ · 10-Q ↗ | Fewer than four consecutive quarters | Not tracked yet | Purchases of property and equipment |
| AkamaiNASDAQ: AKAM | FY26 Q2Apr–Jun 2026 · derived | $144.9M10-Q ↗ · 10-Q ↗ | $491.1Mcomputed | $507.8MFY2025 · 10-K | Purchases of property and equipment |
| Talen EnergyNASDAQ: TLN | FY26 Q2Apr–Jun 2026 · derived | $139M10-Q ↗ · 10-Q ↗ | $228Mcomputed | $98MFY2025 · 10-K | Property, plant and equipment expenditures2023 is reported as two periods (Jan 1 to May 17 and May 18 to Dec 31), so there are no 2023 figures here. |
| X-energyNASDAQ: XE | FY26 Q2Apr–Jun 2026 · derived | $63.3M10-Q ↗ · 10-Q ↗ | Fewer than four consecutive quarters | Not tracked yet | Capital expenditures |
| NebiusNASDAQ: NBIS | No quarterly figure: the company files full years only, or quarters cannot be derived | Not tracked yet | Fewer than four consecutive quarters | $4.07BFY2025 · 20-F | Purchases of property and equipment and intangible assetsLater filings revised 2 of these figures (for example, twelve months to Dec 31, 2023: $83,400,000 first reported, $82,900,000 in the 20-F filed 2026-04-30). This data keeps the first reported figures. Older filings report this line in RUB with a USD translation; they are not used. Figures for 2022 and 2023 come from later filings that report in USD. This series has full-year figures only (from annual reports), so there are no quarters. This line also includes purchases of intangible assets. |
| SpaceXNASDAQ: SPCX | No quarterly figure: the company files full years only, or quarters cannot be derived | Not tracked yet | Fewer than four consecutive quarters | Not tracked yet | Purchases of property, plant, and equipmentExcludes finance leases: SpaceX tags finance lease principal payments separately (FinanceLeasePrincipalPayments). |
| TSMCNYSE: TSM | No quarterly figure: the company files full years only, or quarters cannot be derived | Not tracked yet | Fewer than four consecutive quarters | NT$956BFY2024 · 20-F | Acquisitions of property, plant and equipmentThis series has full-year figures only (from annual reports), so there are no quarters. The SEC XBRL data has no figure for this line from the latest 20-F (filed 2026-04-16, period ending 2025-12-31). |
A derived quarter is a year-to-date figure minus the earlier year-to-date figure from the same fiscal year, because 10-Q cash flow statements are cumulative. Each value keeps the first figure the company reported; later restatements are not applied. Method →