HomeCSP Cash Flow and Headroom
FCF = OCF − CapEx ($B/Quarter)
FCF = OCF − CapEx ($B/Quarter)#
CapEx is eating free cash flow: Amazon and Google both turned negative in 2Q26, Meta is near zero, and only Microsoft remains clearly positive.Draft, pending review
How to read this chart
Calculated on each company's own CapEx definition.
Source: FinSight compilation and estimates · Updated 2026-09-03
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