Epoch’s fitted cash-capex and operating-cash-flow trends through Q1 2026; projected crossover around late 2026
~70% / ~23% annual fitted growthmodeled
| Value kind | modeled — Interpret this value according to its displayed kind, scope, source, and as-of date. |
|---|---|
| Scope | Microsoft, Amazon, Alphabet, Meta and Oracle. Cash capex excludes finance-lease additions. The crossover is a trend extrapolation, sensitive to fit window and seasonality; do not describe it as a reported Q3 result. |
| As of | 2026-06 |
| Source | Epoch AI, Isabel Juniewicz, 16 June 2026; cash-flow and cash-capex trend analysis of company filings. · Analysis / Assumptions and limitations; fit Q2 2023–Q1 2026; tabulated Q3/Q4 2026 values are trends, not filings |
| Review | checking…review by 2026-10-16 · fast cadence |
| Recorded changes | last 2026-09-16 · 2 revisions tracked |
| Claim id | top-5-cloud-capex-vs-cash-flow-growth-aggregate |
Where the guide uses it
← Full numbers register — every date-stamped figure in the guide, with revision history.