Overview
- Meta guides $115 billion to $135 billion in 2026 capital spending, roughly a 74% increase at the midpoint from last year.
- The company plans to buy millions of Nvidia Blackwell and Rubin GPUs, deploy Grace CPUs, and use GB300-based systems across on-premises and Nvidia Cloud Partner environments.
- Nebius is an Nvidia cloud partner and an existing Meta vendor with a five-year, $3 billion contract awarded in November 2025.
- Nebius also holds a five-year Microsoft deal valued above $19 billion, pushing its contracted backlog above $20 billion, according to reported company disclosures.
- Analysts project Nebius revenue to climb from about $530 million in 2025 to roughly $3.4 billion in 2026, with management citing a 100% software attach rate and targets to expand to 16 sites and 800 MW to 1 GW of active capacity by year-end.