Which companies discussed AI CapEx in earnings calls?
3,271 companies mentioned ai capex across 6,892 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 | 81 |
| 2024Q4 | 971 |
| 2025Q1 | 1,302 |
| 2025Q2 | 879 |
| 2025Q3 | 1,265 |
| 2025Q4 | 1,495 |
| 2026Q1 | 2,045 |
| 2026Q2 | 1,645 |
| 2026Q3 | 1,606 |
Companies ranked by mentions
Representative quotes
…industrials conference. So on the technology side, some of the key takeaways was, I would echo Catriona's sentiment that the AI infrastructure build-out is well intact. However, that's a little bit more well known now, like everyone is talking about…
…change per bay. We're optimizing the mix between 2 and 3 bay stores that we build. That's part of our overall CapEx optimization approach. And so ensuring that we get that right number of oil changes per bay as the store matures from when we either…
…balance sheet. Benjamin Budish (Analysts): Makes sense. You mentioned origination, you guys have often said origination is the arbiter of growth. Beyond AI infrastructure, what other geographies or sectors are you currently seeing the most opportunity in? Unknown Executive (Executives): Yes. Look, the opportunity sets like what…
…going to invest more in CapEx we're going to really deliver that through dividend and buyback. And I would add 1 more point. We think we're 1 of the few info services companies that now has an AI productivity goal out there. And maybe that…
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)
- Industrials (51)
- Communication Services (42)
- Real Estate (24)
- Financials (20)
- Materials (16)
Related technology themes
Last updated: September 15, 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.