WSJ Tech News Briefing · Wednesday, July 29, 2026
Meta reported record sales of $60.8 billion for its second quarter. However, the company plans to increase its capital expenditure on AI infrastructure, revising its minimum annual spending projection upwards by $5 billion to $130 billion.
“Meta has reported record sales of $60.8 billion for the second quarter.”
“But said it'll be spending more on its infrastructure build out.”
“The company revised its projected capital spendings, saying its minimum for the year would be $130 billion, $5 billion more than previously announced.”