Which companies discussed AI CapEx in earnings calls?
3,267 companies mentioned ai capex across 6,880 earnings calls over the past year, spanning 11 sectors. The most active were Sandisk Corporation (15 calls), Telenor ASA (14 calls), Arista Networks, Inc. (13 calls). The table below ranks every company by how often the theme came up, with direct links to each transcript.
Mentions over time
Data table
| Quarter | Calls mentioning AI CapEx |
|---|---|
| 2024Q3 | 96 |
| 2024Q4 | 971 |
| 2025Q1 | 1,302 |
| 2025Q2 | 879 |
| 2025Q3 | 1,265 |
| 2025Q4 | 1,495 |
| 2026Q1 | 2,045 |
| 2026Q2 | 1,645 |
| 2026Q3 | 1,593 |
Companies ranked by mentions
Representative quotes
…higher. And those companies are actually tapping capital markets to sustain even their current levels of CapEx. So how do you think about the ultimate returns for AI for the supply chain? And do you see any kind of systemic risk that could be building up that gives…
Intesa headquarters in Piazza Victoria and bokrobo, which has also recently been commissioned after a very heavy redevelopment and CapEx program that we run there in order to upgrade the technical specifications and improve the overall environment. So all of these assets are fully let. This is very…
…little bit about PCF. Lumen has one of the largest fiber networks in the world. Obviously, some direct exposure to support distributed AI training in the case of PCF. Maybe you can just talk a little bit about PCF, the growth in that business, potential opportunities…
…what we need to do from an investment standpoint to meet our revenue growth targets, while generating margin improvement and AI is going to be a big part of that. William Eager (Executives): And to kind of piggyback on that, when we came up with putting…
Frequently asked questions
What is AI CapEx and why are companies discussing it?
Capital-expenditure commitments tied specifically to AI infrastructure — hyperscaler spend, factory modernization, vertical platforms.
Which company mentioned ai capex most in the past year?
Sandisk Corporation (SNDK) led with 15 calls referencing ai capex, most recently on September 9, 2026.
How can I track ai capex mentions across earnings calls via API?
The EarningsCalls.dev REST API exposes the same data behind this page. Use the search_transcripts and count_mentions_by_ticker endpoints to query our archive of 33,000+ earnings call transcripts — keyword search, sector / date filters, per-company mention counts, and the underlying full transcripts. See the API docs →
AI CapEx by sector
- Information Technology (292)
- Communication Services (42)
- Industrials (36)
- Real Estate (31)
- Financials (20)
- Materials (16)
Related technology themes
Last updated: September 12, 2026. Methodology: full-text search across all earnings call transcripts in our corpus over the past 12 months, matching the canonical term and its aliases (AI CapEx, ai capex, AI capital expenditure, ai investment). Mentions are per call, not per occurrence within a call; the company-rank table is built by counting distinct calls mentioning the theme. Page refreshes every hour at the edge as new calls land in our archive.