Which companies discussed AI CapEx in earnings calls?
3,338 companies mentioned ai capex across 7,132 earnings calls over the past year, spanning 11 sectors. The most active were Sandisk Corporation (16 calls), Telenor ASA (15 calls), S&P Global 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 |
|---|---|
| 2024Q4 | 755 |
| 2025Q1 | 1,302 |
| 2025Q2 | 879 |
| 2025Q3 | 1,265 |
| 2025Q4 | 1,495 |
| 2026Q1 | 2,045 |
| 2026Q2 | 1,645 |
| 2026Q3 | 1,786 |
| 2026Q4 | 428 |
Companies ranked by mentions
Representative quotes
…operations center or our factory build and we've only got a remaining about $1.5 million to pay out on that CapEx. So we're in good shape in that respect. We're growing well. We could be growing better and our mix is looking solid. Amy Demediuk…
…triple digits year-over-year. Bedrock has been a significant growth driver. Now turning to our cash CapEx, which was $75.9 billion in Q3. This primarily relates to AWS and AI as we invest to support strong customer demand. We continue to make significant investments, especially…
…previous quarterly record by approximately 8%. Importantly, AI inference-related deployments span more than 15 submarkets during the quarter, further demonstrating that AI adoption is accelerating beyond large training deployments and into a broader set of enterprise and inference oriented use cases. We also marked a new record…
…sovereign funds and long-term growth investor, in addition to our existing shareholders. We are deploying this capital quickly and prudently. We expect CapEx and purchase commitments for key components to increase significantly over the next several quarters. I want to thank our substrate, memory, foundry, equipment suppliers…
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 16 calls referencing ai capex, most recently on October 29, 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 (277)
- Industrials (76)
- Communication Services (40)
- Real Estate (27)
- Financials (21)
- Utilities (10)
Related technology themes
Last updated: October 30, 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.