Summary of the Latest Capital Expenditure Guidance from Six Companies (As of the Latest Financial Reports on July 30, 2026)

English summary

Overall conclusion: All companies raised their guidance. Only Microsoft had a minor accounting methodology adjustment, but the full-year investment scale remains much higher than last year. 1. Google (Alphabet): Raised its 2026 full-year guidance from $180-190 billion to $195-205 billion; Q2 quarterly capex was $44.9 billion, doubling YoY, and it clearly stated that spending will continue to increase significantly in 2027. 2. Tesla: Raised its 2026 full-year guidance from $20 billion to at least $25 billion, invested in Dojo compute, Terafab wafer fab, and robot production lines, with capital expenditure continuing to rise over the next 2-3 years. 3. Intel: Raised its full-year capital expenditure from $18 billion to more than $20 billion, increasing investments in advanced process nodes, foundry, and packaging capacity, with further increases in 2027. 4. SK Hynix: Raised its 2026 capital expenditure to the high end of the 48-50 trillion won range (approximately $27.5 billion), higher than 30.17 trillion won in 2025, focusing on expanding HBM capacity. ...