Alphabet Projects Up to $185 Billion Capex in 2026, Far Above Estimates

Alphabet has unveiled plans to invest between $175 billion and $185 billion in capital expenditures (capex) in 2026, marking a dramatic escalation in spending driven primarily by intensifying competition in artificial intelligence (AI). The projected outlay represents a near doubling of its 2025 capex of $91.4 billion and a sharp increase from $52.5 billion in 2024. This aggressive investment strategy underscores Alphabet’s determination to maintain leadership in AI infrastructure, cloud computing, and platform innovation as competitive pressures across the tech sector intensify.