● LAYER 01 OF 04 · CAPITAL
Hyperscaler capex, straight from the filings
Gambit's DATA desk reads quarterly capital expenditure for 9 AI-infrastructure spenders (MSFT, AMZN, GOOGL, META, ORCL, CRWV, NVDA, AAPL, IBM) from the 10-Q and 10-K XBRL, 2023Q3 through 2026Q2. $159.3B in 2026Q2 across the 4 that have filed. Capex plus finance-lease additions, the same basis MSFT and AMZN headline on their calls.
AS OF 10 AUGUST 2026 · SOURCE: GAMBIT · 10-Q / 10-K XBRL ONLY · CURRENT VALUES IN THE TERMINAL ↗
The latest quarter
2026Q2: $159.3B from the 4 names that have filed
- $54.8BAMZN · yoy +68.4%
- $45.6BGOOGL · yoy +100.1%
- $40.9BMSFT · yoy +109.6%
- $18.0BORCL · yoy +81.6%
| Company | Capex | Finance leases | Total | QoQ | YoY |
|---|---|---|---|---|---|
| Amazon (AMZN) | $54.21B | $0.56B | $54.77B | +22.6% | +68.4% |
| Alphabet (GOOGL) | $44.92B | $0.69B | $45.62B | +25.9% | +100.1% |
| Microsoft (MSFT) | $35.80B | $5.12B | $40.92B | +16.0% | +109.6% |
| Oracle (ORCL) | $16.49B | $1.53B | $18.02B | -11.5% | +81.6% |
5 of the 9 tracked names (META, CRWV, NVDA, AAPL, IBM) had not filed 2026Q2 at this snapshot. This page never extrapolates an unfiled quarter.
The trailing year
Four quarters of filed spend
- $177.1BAMZN · 2025Q3 to 2026Q2
- $140.6BMSFT · 2025Q3 to 2026Q2
- $134.3BGOOGL · 2025Q3 to 2026Q2
The tape, quarter by quarter
Capex + leases, last 8 quarters
| Ticker | 2024Q3 | 2024Q4 | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 | 2026Q1 | 2026Q2 |
|---|---|---|---|---|---|---|---|---|
| MSFT | 19.3 | 22.2 | 20.0 | 23.6 | 28.5 | 36.2 | 34.9 | 40.9 |
| AMZN | 22.8 | 28.3 | 25.1 | 33.1 | 36.1 | 40.5 | 45.8 | 54.8 |
| GOOGL | 13.1 | 14.3 | 17.7 | 22.5 | 24.3 | 28.5 | 35.9 | 45.6 |
| META | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| ORCL | n/a | n/a | n/a | 11.1 | n/a | n/a | n/a | 18.0 |
| CRWV | n/a | n/a | n/a | n/a | 2.4 | 4.3 | n/a | n/a |
| NVDA | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| AAPL | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| IBM | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
`capex` is the GAAP cash-flow capex line from 10-Q/10-K XBRL; `leases` is finance-lease additions where filed, and `capexTotal` = capex + leases, the basis MSFT/AMZN headline on earnings calls (MSFT FY26Q4: $35.8B cash + $5.1B leases = the reported ~$41B). Fiscal calendars differ: MSFT FY ends June, ORCL May, others December, cells are placed on the CALENDAR quarter their fiscal quarter ends in. Targets are management guidance with revision history.
Questions
What counts as capex on this page?
The GAAP cash-flow capital-expenditure line from each company's 10-Q and 10-K XBRL, plus finance-lease additions where filed. The combined figure (capex + leases) is the basis Microsoft and Amazon themselves headline on earnings calls, so it is the comparable one.
Which companies does Gambit track?
Nine tickers: MSFT, AMZN, GOOGL, META, ORCL, CRWV, NVDA, AAPL, IBM, with quarterly coverage from 2023Q3 to 2026Q2. Only 4 of the nine have filed 2026Q2 at this snapshot, so quarter totals on this page sum the filers only.
How much are hyperscalers spending on AI infrastructure?
In 2026Q2 alone, the 4 that have filed (AMZN, GOOGL, MSFT, ORCL) disclosed $159.3B of combined capex and finance leases. Over the trailing four quarters, AMZN spent $177.1B, MSFT $140.6B and GOOGL $134.3B. Figures as of 10 August 2026.
Where does the data come from?
Straight from SEC filings: the XBRL-tagged cash-flow statements of each 10-Q and 10-K. No estimates, no guidance: only filed numbers, which is why recent quarters show gaps until a company reports.
The live desk
What this page leaves out
This page publishes the latest filed quarter and the last eight. The desk holds the full history for every name it tracks, and fills the current quarter in through earnings season as each company reports.
- 12quarters of history, 2023Q3 to 2026Q2
- 9AI-infrastructure spenders tracked
- 4of them filed for 2026Q2 so far
Next layer · 02 physical
Datacenter buildout
Is spending becoming operational capacity?