Which companies discussed AI CapEx in Financials in earnings calls?
269 companies mentioned ai capex across 438 earnings calls in Financials over the past year, spanning 1 sectors. The most active were S&P Global Inc. (12 calls), Apollo Global Management, Inc. (6 calls), Repay Holdings Corporation (5 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 | 6 |
| 2024Q4 | 42 |
| 2025Q1 | 86 |
| 2025Q2 | 48 |
| 2025Q3 | 73 |
| 2025Q4 | 77 |
| 2026Q1 | 142 |
| 2026Q2 | 111 |
| 2026Q3 | 101 |
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…
…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…
…surprise for this year is how strong the economy has been. And I'm sure we're going to talk about AI and AI CapEx. But I emphasize broad-based earnings growth where earnings year-on-year are up 36% in the S&P 500. We're seeing…
…through the income statement. And so I think investors should be asking both. What are we doing from an OpEx side and a CapEx side to invest in the business. But you're right, there's certainly room to -- you listen to our peers and they're operating…
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 Financials in the past year?
S&P Global Inc. (SPGI) led with 12 calls referencing ai capex, most recently on July 28, 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 →
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.