---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000903060.md"
description: "Samsung Securities: Hyperscalers to have a temporary FCF deficit period spanning from 2Q26 to 3Q28, followed by a dramatic expansion in FCF from 2029 through 2030.> CapEx Growth as a Rational Investment for RPO: The increase in capital expenditure is driven by rapid growth in Remaining Performance Obligations (RPO)—long-term signed contracts—requiring front-loaded CapEx to fulfill future revenue.> Strong Future Visibility: For instance, Amazon highlighted that a substantial portion of its additional capacity for 2027 is already contracted, with considerable portions of 2028 capacity also pre-booked.> Break-Even and Payoff Timeline: Server and network investment break-even occurs in under 3 years on average, allowing for meaningful FCF generation for the subsequent 2 to 3 years.$Meta Platforms(META.US) $Amazon(AMZN.US) $Dell Tech(DELL.US) $NVIDIA(NVDA.US) $Microsoft(MSFT.US) $Oracle(ORCL.US) $Alphabet(GOOGL.US)"
datetime: "2026-09-16T19:10:14.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000903060.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000903060.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000903060.md)
author: "[Equity research](https://longbridge.com/en/profiles/2071818324550963200.md)"
generator: "portal-rs"
---

# Samsung Securities: Hyperscalers to have a tempora…


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**