HomeCapEx: Actual vs Estimates, Plus Buyers Outside the five hyperscalers
the five hyperscalers Quarterly CapEx: Actual vs Analyst Estimates (Dashed = Estimate, Cash Basis, $B)
the five hyperscalers Quarterly CapEx: Actual vs Analyst Estimates (Dashed = Estimate, Cash Basis, $B)#
five hyperscalers quarterly CapEx keeps coming in above analyst estimates, and the estimate line is still chasing.Draft, pending review
How to read this chart
The four hyperscalers plus Oracle. Cash-basis CapEx excluding finance leases, so Microsoft and Meta differ from their own definitions. Oracle is converted from fiscal to calendar years and is less precise. Dashed lines are analyst estimates (FinSight compilation).
Source: Company filings and analyst estimates (FinSight compilation and estimates) · Updated 2026-09-03
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