Alphabet (GOOGL) Targets $175B-$185B Capital Expenditure in 2026

Alphabet Inc. (GOOGL) announced it plans to allocate $175 billion to $185 billion in capital expenditure in 2026, significantly exceeding the $115.26 billion average estimate and signaling continued aggressive investment in AI infrastructure. The spending follows strong AI momentum, including the November launch of Gemini 3 and 650 million monthly users of Gemini AI Assistant, while AI Overviews reached 2 billion monthly users. The company is expanding amid capacity constraints and heightened investor scrutiny of AI ROI, with cloud peers Meta, Amazon Web Services, and Microsoft also increasing AI-related outlays. A recent partnership to power Apple’s Siri with Gemini models further underscores the strategic importance of these investments.