# Meta Lifts AI Spend to $145B, Tesla and IBM Beat _Meta lifted 2026 capex to $135B-$145B and added non-voting shares while Tesla beat on profit and IBM said slipped mainframe deals are returning._ **Updated:** 2026-10-22 **Published:** 2026-10-21 **Source:** https://www.startuphub.ai/ai-news/public-companies/2026/meta-lifts-ai-spend-to-145b-tesla-and-ibm-beat --- Meta lifted its 2026 capital spending outlook to $135 billion to $145 billion and created a new class of non-voting stock, [Bloomberg Podcasts](https://www.youtube.com/watch?v=BGQsmdWxVa8) reported, pushing shares up about 5% after hours. **Update, Oct 22, 00:46 UTC** · via [Bloomberg Podcast](https://www.youtube.com/watch?v=-_Hh9YiBy18) Bloomberg Podcasts reported that Meta forecast fourth quarter revenue of "73 billion to 76 billion," which was "above estimates of 73.57 billion." Bloomberg Podcasts reported total expenses of "175 billion to 179 billion," up from "165 billion to $169 billion" previously, to incorporate a "$9.9 billion legal charge." Bloomberg Podcasts reported revenue of "$64.2 2 billion is up 26% year-over-year" and described it as the "highest revenue in a quarter ever." The outlet said on an adjusted basis EPS would be "$7.40" compared with "$357" after the charge. ![Earnings Special: Meta Boosts Bet on AI With Spending Outlook, New Stock Class | Bloomberg Tech - Bloomberg Podcast](https://img.youtube.com/vi/-_Hh9YiBy18/maxresdefault.jpg) Earnings Special: Meta Boosts Bet on AI With Spending Outlook, New Stock Class | Bloomberg Tech, Bloomberg Podcast Meta AI SpendDriverlifts 2026 capex to $135B-$145B for AI developmentFrom the article 2 mentionsMeta lifted its 2026 capital spending outlook to $135 billion to $145 billion and created a new class of non-voting stock, Bloomberg Podcasts reported, pushing shares up about 5% after hours.New Class C SharesContextFrom the article 5 mentionsThe new Class C shares will be distributed to existing investors through a stock dividend and be used for capital fundraising, employee pay and potential acquisitions without diluting Mark Zuckerberg's control, hosts Tim Stavec and Carol Masser said.Tesla Beats ProfitOutcomeexceeded profit estimates but revenue came in narrowly below expectationsIBM Mainframe DealsOutcomeslipped mainframe deals are returning, indicating sales growthFrom the article 2 mentionsIBM shares were up about 3.25% after hours, but the recovery still leaves the mainframe cycle dependent on those delayed deals actually closing.Meta Shares UpOutcomestock rose about 5% after hours on increased AI investment newsFrom the article 6 mentionsMeta lifted its 2026 capital spending outlook to $135 billion to $145 billion and created a new class of non-voting stock, Bloomberg Podcasts reported, pushing shares up about 5% after hours.Meta AI SpendDriverlifts 2026 capex to $135B-$145B for AI developmentFrom the article 2 mentionsMeta lifted its 2026 capital spending outlook to $135 billion to $145 billion and created a new class of non-voting stock, Bloomberg Podcasts reported, pushing shares up about 5% after hours.New Class C SharesContextFrom the article 5 mentionsThe new Class C shares will be distributed to existing investors through a stock dividend and be used for capital fundraising, employee pay and potential acquisitions without diluting Mark Zuckerberg's control, hosts Tim Stavec and Carol Masser said.Tesla Beats ProfitOutcomeexceeded profit estimates but revenue came in narrowly below expectationsIBM Mainframe DealsOutcomeslipped mainframe deals are returning, indicating sales growthFrom the article 2 mentionsIBM shares were up about 3.25% after hours, but the recovery still leaves the mainframe cycle dependent on those delayed deals actually closing.Meta Shares UpOutcomestock rose about 5% after hours on increased AI investment newsFrom the article 6 mentionsMeta lifted its 2026 capital spending outlook to $135 billion to $145 billion and created a new class of non-voting stock, Bloomberg Podcasts reported, pushing shares up about 5% after hours.Q4 Revenue OutlookContextFrom the article 3 mentionsMeta also guided fourth-quarter revenue to $73 billion to $76 billion, building on a third quarter where revenue hit $64.60 billion and beat estimates, according to CryptoBriefing.Zuckerberg ControlEffectnew shares prevent dilution of Mark Zuckerberg's voting powerFrom the articleThe new Class C shares will be distributed to existing investors through a stock dividend and be used for capital fundraising, employee pay and potential acquisitions without diluting Mark Zuckerberg's control, hosts Tim Stavec and Carol Masser said. The new Class C shares will be distributed to existing investors through a stock dividend and be used for capital fundraising, employee pay and potential acquisitions without diluting Mark Zuckerberg's control, hosts Tim Stavec and Carol Masser said. Meta also guided fourth-quarter revenue to $73 billion to $76 billion, building on a third quarter where revenue hit $64.60 billion and beat estimates, according to CryptoBriefing. Tesla beat on profit but not on sales. ![Earnings Roundup: Meta Boosts Bet on AI, Tesla Beats Estimates, IBM Posts Sales Growth | Stock... - Bloomberg Podcast](https://img.youtube.com/vi/BGQsmdWxVa8/maxresdefault.jpg) Earnings Roundup: Meta Boosts Bet on AI, Tesla Beats Estimates, IBM Posts Sales Growth | Stock..., Bloomberg Podcast Adjusted earnings were 48 cents per share with $1.5 billion in free cash flow and a 19.6% gross margin that topped estimates, while revenue came in narrowly below expectations, Bloomberg Podcasts reported. Shares ticked up just 0.2% after hours as the company said it was exploring a possible merger with [SpaceX](https://www.startuphub.ai/ai-news/public-companies/2026/stocks-rise-after-ai-selloff-spacex-ipo-anticipated) through special committees but had reached no agreement, a topic also noted in [Stocks Rise After AI Selloff; SpaceX IPO Anticipated](https://www.startuphub.ai/ai-news/public-companies/2026/stocks-rise-after-ai-selloff-spacex-ipo-anticipated), and reported its largest passenger vehicle backlog in four years with no mention of the deal in the shareholder deck. IBM steadied after a brutal summer slide. Sales rose about 5% to $17.1 billion in the quarter ended September 30, and CFO Jim Kavanaugh told Bloomberg's Brody Ford about two thirds of mainframe and associated software deals that slipped earlier this year have since been inked. That rebound matters because IBM had said in July that customers shifted spending to chips and servers amid AI-fueled shortages, a warning that helped trigger a 25% one-day plunge, its worst since at least 1968, and investors worried AI would disrupt software incumbents. IBM shares were up about 3.25% after hours, but the recovery still leaves the mainframe cycle dependent on those delayed deals actually closing. --- Original analysis from [startuphub.ai](https://www.startuphub.ai), the #1 AI startup directory. © StartupHub.ai. All rights reserved. You may not republish this article in full without a license. Search engines and AI research tools may crawl and summarize for reference. Bulk reproduction or model training on this content requires a license. See https://www.startuphub.ai/terms.