Which companies discussed AI CapEx in Industrials in earnings calls?
745 companies mentioned ai capex across 1,486 earnings calls in Industrials over the past year, spanning 1 sectors. The most active were Rockwell Automation, Inc. (13 calls), GE Vernova Inc. (8 calls), Vertiv Holdings Co (8 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 | 143 |
| 2025Q1 | 239 |
| 2025Q2 | 141 |
| 2025Q3 | 227 |
| 2025Q4 | 298 |
| 2026Q1 | 428 |
| 2026Q2 | 337 |
| 2026Q3 | 381 |
| 2026Q4 | 92 |
Companies ranked by mentions
Representative quotes
…those risks. Parvat Reddy (Executives): Can you repeat the question? Unknown Analyst (Analysts): Sir. So firstly, my question was about the risks of AI CapEx slowdown. So we have seen over the past few days in the U.S. So there might be some figures that AI CapEx might…
…users who enjoy the self-service capabilities of the product, but would like additional engagement with analysts, can now upgrade their seats to AI Access Plus. This provides clients the opportunity to spend time with analysts on their most pressing initiatives multiple times a year. Furthermore, we believe…
…targeting operating cash flow of approximately 13% of revenue, supported by higher adjusted EBITDA and by maintaining consistent working capital efficiency. We expect CapEx to remain approximately 3% of revenue resulting in free cash flow of approximately 10% of revenue. That cash generation gives us the capacity…
…range. I think that's where we're going to be for some time. Jason Nalbandian (Executives): Yes, because I think the more AI data centers become part of the mechanical mix. The designs on those are so much more dynamic. And also that's sort…
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 Industrials in the past year?
Rockwell Automation, Inc. (ROK) led with 13 calls referencing ai capex, most recently on September 16, 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: 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.