“SI infrastructure continuing to come online at Memphis and Southaven gives us visibility into an accelerated build path through the remainder of this year... Because of the additional capacity coming online this quarter, we expect fourth quarter capital expenditures to now be in the range of $35 billion to $40 billion for this quarter.”

Q3 2026 capex was $19.6 billion ($16.4 billion of it AI-related), so the guide implies a near-doubling sequentially and roughly $83-88 billion of full-year 2026 capex; resolves with Q4 2026 results.