As of May 2026, U.S. data center construction spending reached $58.1 billion year-to-date, more than four times the record level set over the same period in 2025. May 2026 alone saw $7.9 billion in spending, ranking as the eighth-highest month on record.

Celestica announced Q2 2026 revenue of $4.70 billion, a 62% increase from Q2 2025. Net earnings were $368.8 million, up 75% year-over-year. The growth was primarily driven by strong demand in the Connectivity & Cloud Solutions segment, especially from hyperscaler and data center customers.

On July 22, 2026, Alphabet reported Q2 earnings with total revenue of $119.8 billion, a 24% year-over-year increase. Google Cloud revenue reached $24.8 billion, up 82% from the previous year. The company raised its full-year 2026 capital expenditure guidance to $195-205 billion, up from the previous range of $180-190 billion.

search_response="1. Street Got Cloud Capex Wrong: Morgan Stanley's $1.4T Math After Hyperscaler Earnings\nURL: https://www.techtimes.com/articles/322868/20260803/street-got-cloud-capex-wrong-morgan-stanleys-14t-math-after-hyperscaler-earnings.htm\nDate: 2026-08-03T20:18:33.000Z\nHighlights: Morgan Stanley published a research note Monday morning concluding that Wall Street's updated 2027 cloud capital expenditure consensus — itself revised upward by $170 billion in a single quarter following a b

{ "id": "d1116e78-ca04-40ae-9e45-19eb247b22ff", "results": [ { "date": "2026-07-29", "last_updated": "2026-07-29", "snippet": "Q2 2026 Updated from CBRE, JLL, and Avison Young quarterly reports\nLeasing, capital, and construction data for the US data center industry, tracked quarter over quarter across colocation pricing, hyperscaler spend, and the supply-chain bottlenecks slowing new capacity online.\nVacancy fell to a record **1.4%** as preleasing held near **74%**, m

Revised market outlook for enterprise cloud spending, incorporating recent trends in multi-cloud adoption and sovereign cloud investment.

{ "id": "f6530fae-ad5e-4f56-a4fa-1d9e86ef3778", "results": [ { "date": "2026-07-30", "last_updated": "2026-07-30", "snippet": "\u2460Power scarcity is reshaping infrastructure economics: Applied Digital's $36.2B locked leases, Meta's $145B capex, and the DOE's $100B Kentucky project signal massive buildout, but FirstEnergy's 25 GW pipeline and PJM's 2027 curtailments reveal grid strain.\nCompute-plus-power bundles are winning: Meta ($14B Texas campus), AMD/Core Scientif

Revised cloud infrastructure spending forecasts reflecting recent hardware absorption rates.

Current status of H200/B200 supply availability and lead times for Tier 1 cloud providers.

Report on utility grid updates and moratoriums affecting new data center construction in Loudoun County.

Worldwide data center capex increased 43% in 2Q 2025, driven by accelerated server spending and AI deployments.

Despite record hyperscaler spending, global data center demand reached 21.1 GW in 2025, with only 8.9 GW of operational capacity, resulting in a 12 GW deficit.

In 2025, hyperscaler data center capital expenditures increased by 57%, reaching over $420 billion, driven by accelerated AI deployments.

Gartner forecasts global data center electricity consumption to reach 565 terawatt hours (TWh) in 2026, up 26% from 447 TWh in 2025.

Year-to-date U.S. data center construction spending reached $58.1 billion through May 2026, more than four times the record set over the same period in 2025.

Gartner has updated its 2026 global IT spending forecast, projecting a 14.2% annual increase to $6.37 trillion, driven primarily by AI infrastructure investments.

search_response='1. Microsoft brought 88 data centers online in FY2026 - DCD\nURL: https://www.datacenterdynamics.com/en/news/microsoft-brought-88-data-centers-online-in-fy2026/\nDate: 2026-07-29T21:33:33.000Z\nHighlights: # Microsoft brought 88 data centers online in FY2026 ... Company releases Q4 and full-year financial results ... Microsoft brought 88 data centers online in the last fiscal year as part of its efforts to increase compute capacity. ... Speaking during the company\'s Q4 FY2026 a

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Updated forecast for global enterprise cloud spending, incorporating recent trends in multi-cloud adoption and AI-specific workload migration.

A comprehensive report on the grid capacity challenges in the world's largest data center market, detailing local utility projections for 2026-2028.

Chinese AI company Z.ai has completed and partially activated a 1-gigawatt AI data center powered entirely by domestically produced chips. The facility supports the training of Z.ai's GLM model family and operates multiple clusters, each containing over 10,000 chips.

OpenAI has announced plans to build a 3.2-gigawatt data center near Savannah, Georgia, with phased power delivery from 2028 to 2032. The project aims to address the growing demand for AI computing infrastructure.

Meta has announced a $50 billion investment in a new data center located in Richland Parish, Louisiana. The project is expected to support 7,500 construction jobs at peak and represents one of the largest AI infrastructure investments globally.

Celestica Inc. announced Q2 2026 revenue of $4.70 billion, a 62% increase year-over-year, with adjusted EPS of $2.54, exceeding guidance. Growth was propelled by strong demand in the Connectivity & Cloud Solutions segment, particularly from hyperscaler and data center customers.