Meta data center servers illustrating the Meta free cash flow plunge tied to AI capex spending

Meta Free Cash Flow Plunge Fuels a Bigger AI Capex Bet

Meta’s second-quarter free cash flow plunged 91% to $784 million even as revenue rose 28%, after the company raised its 2026 AI capex outlook to as much as $145 billion. Here is what is driving the cash burn, including a $1.4 trillion legal claim.

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