ORCX

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Aug 4 at 12:46 AM

Goldman Sachs: CapEx Spend

Rapid Growth in Long-Term Estimates

> Massive Scaling Through 2028: Consensus estimates show hyperscaler capex growing dramatically over time, starting from $154 billion in 2023 and climbing to an expected $1,298 billion (+24%) by consensus 2028.

> Near-Term Acceleration: Spending for 2026 is projected to reach $792 billion (+92%) compared to 2025 levels ($412 billion).

Upward Revisions During Reporting Seasons

> Climbing Expectations for 2026 & 2027: Consensus capex estimates for 2026 and 2027 have continued to rise throughout the reporting season.

At the start of 2026, estimates stood at $546 billion (2026) and $630 billion (2027).

By the start of Q2 earnings, projections jumped to $757 billion (+84%) for 2026 and $929 billion (+23%) for 2027.

Current Estimates sit even higher at $793 billion (+93%) for 2026 and $1,053 billion (+33%) for 2027.

$Microsoft(MSFT.US) $Alphabet(GOOGL.US) $Amazon(AMZN.US) $Meta Platforms(META.US) $Oracle(ORCL.US)

Microsoft

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Amazon

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Alphabet

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Meta Platforms

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Oracle

USORCL

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