Meta Posts Strong Growth, Raises 2026 Spending Outlook as Commitments Top $825B

WHO:

Bloomberg - Meta Platforms Inc. reported the commitments and quarterly financial results.

Bloomberg - Meta said its commitments include leases and contracts associated with data centers, energy infrastructure, cloud computing, and Reality Labs consumer hardware.

WHAT:

Bloomberg - Meta reported about $825 billion in future commitments for leases and contracts, up from nearly $700 billion reported in July.

Bloomberg - Operating and finance leases not yet on Meta’s balance sheet were valued at $355.7 billion.

Bloomberg - Meta reported $454.5 billion in non-cancellable short- and long-term contracts.

Bloomberg - Meta is obligated to purchase up to $14.7 billion of cloud capacity over five years; that amount could decrease if the cloud provider sells capacity to other customers.

Bloomberg - Meta raised its 2026 capital-spending outlook to $135 billion–$145 billion, from $130 billion–$145 billion.

Bloomberg - Meta forecast fourth-quarter revenue of $73 billion–$76 billion, compared with analysts’ estimate of $73.6 billion.

Meta - Third-quarter revenue rose 26% year over year to $64.6 billion; operating income fell 37% to $12.99 billion, including a $9.89 billion attorney-general settlement charge.

Meta - Family daily active people increased 3% to 3.64 billion.

Bloomberg - Meta announced a new class of nonvoting stock, which could ultimately help fund acquisitions and other expenses.

Bloomberg - Meta shares rose more than 3% after hours following the announcements.

WHERE:

Bloomberg - The lease commitments include data centers and energy infrastructure; the contracts include third-party cloud computing, data-center energy agreements, and Reality Labs hardware.

WHEN:

Bloomberg - The leases include arrangements starting during the remainder of 2026 and extending through 2036.

Bloomberg - Meta’s contract total was reported as of September 30, 2026.

Meta - The financial results covered the quarter ended September 30, 2026.

WHY:

Bloomberg - Many of Meta’s future commitments are related to computing power and infrastructure for artificial intelligence.

HOW:

Bloomberg - Meta’s commitments comprise off-balance-sheet operating and finance leases, non-cancellable contracts, and a cloud-capacity purchase obligation.

(UPDATED October 22, 2026 16:18 UTC)

Meta reported about $825 billion in future lease and contract commitments, up from nearly $700 billion in July, much of it tied to artificial-intelligence computing and infrastructure. The total includes $355.7 billion in leases not yet on its balance sheet and $454.5 billion in non-cancellable contracts. Those cover data centers, energy, cloud computing and Reality Labs hardware. Meta also has an obligation to buy up to $14.7 billion in cloud capacity over five years, though that could fall if the provider sells capacity to others. The company raised its 2026 capital-spending outlook to $135 billion to $145 billion. Third-quarter revenue climbed 26% to $64.6 billion, while operating income dropped 37%, partly because of a $9.89 billion settlement charge. Meta forecast fourth-quarter revenue of $73 billion to $76 billion, and its shares rose more than 3% after hours.