Alphabet поднял прогноз капзатрат на 2026 год до $195–205 млрд под AI-инфраструктуру

Alphabet's CFO raised the company's annual capital expenditure forecast in July 2026 to $195–205 billion — up from the previous estimate of $180–190 billion. In fiscal year 2027, spending will continue to grow "significantly," the company said.

How much Alphabet is now spending

Alphabet raised the upper end of its 2026 capex forecast by about $15 billion, to $205 billion, whereas only recently the ceiling was estimated at $190 billion. According to Chinese business outlet 财联社 (CLS), the lower end of the forecast rose from $180 billion to $195 billion.

This is not the first time Alphabet has moved its estimate upward — the revision means that actual infrastructure investment is outpacing the company's own plans.

• New 2026 capex forecast — $195–205 billion
• Previous forecast — $180–190 billion
• Increase in the upper bound — about $15 billion
• Fiscal year 2027 — "significant" spending growth expected
• Data — business outlet 财联社 (CLS), via 36Kr

Where this money is going

The bulk of Alphabet's capital expenditure goes into data centers, servers, and computing chips for artificial intelligence workloads. The forecast increase to $205 billion reflects the race for capacity to train and run Gemini models, as well as growing demand for Google Cloud.

Capital expenditure of this scale is, first and foremost, physical infrastructure: data center buildings, cooling systems, networking equipment, and proprietary TPU accelerators. The company planned to spend the entire previous ceiling of $190 billion in just one year.

Why this matters

The increase in the forecast to $205 billion is a signal that the largest technology companies are not slowing the pace of investment in AI infrastructure, despite investor questions about payback. Alphabet states outright that in fiscal year 2027 capex will grow "significantly" further — meaning the spending peak is still ahead.

"We continue to expect capital expenditures to increase significantly in fiscal year 2027," —

Anat Ashkenazi, Alphabet's CFO.

For the market, this means the continuation of the supercycle of investment in computing capacity triggered by the generative AI boom.

What this means

Alphabet is budgeting more than $200 billion a year for infrastructure and promising to spend even more in 2027. The race for AI capacity is entering a phase where the tally runs into hundreds of billions of dollars annually, and capital expenditure is becoming a key bet in the competition among AI giants.

Frequently Asked Questions

By how much did Alphabet raise its capex forecast?

Alphabet raised its annual capital expenditure forecast from $180–190 billion to $195–205 billion — an increase of about $15 billion at the upper bound.

Will Alphabet keep increasing spending in 2027?

Yes. The company confirmed that in fiscal year 2027 capital expenditures will grow "significantly," though it has not yet given specific figures.