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Meta reports Q3 2026 capital spending and narrowed annual capex forecast

On 21 October 2026 Meta reported $34.91 billion in Q3 capital expenditure, negative $2.12 billion Q3 free cash flow, positive $11.049 billion free cash flow for the first nine months and 2026 capital expenditure guidance of $135-145 billion. Its board also approved a new non-voting Class C share class intended to take effect in January 2027, not an already completed capital raise. Separately, Reuters reported on 22 October that Meta five-year CDS widened 7.6 bps to 114.79 bps; that later market repricing is context rather than a second same-day report milestone. No demonstrated insolvency or AI-wide financial crisis.