Reuters finds Big Tech buybacks collapse amid AI capex surge
1Oct 30 · 14d ago · 6 articles · 2 sources · development 1 of 2
A Reuters analysis of LSEG data and company filings shows Microsoft, Alphabet, Amazon, Meta and Oracle returned 9.3% of operating cash as dividends and buybacks in the first three quarters of 2026, down from 27.4% a year earlier, as combined capital spending doubled to $556.9 billion and exceeded their record $542.9 billion in operating cash flow for the first time since 2011, leaving a $14 billion free cash flow deficit.
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