Meta Hyperion
Meta identifies itself as sponsor of Hyperion and the expanded Richland Parish campus.
The documented role does not establish contract value, project-level earnings, accepted operating load or a share of company revenue.
AI infrastructure buyer and advertising platform / META
Meta: following the AI money.
Financial evidence, stock performance and the questions that connect this company to the physical AI buildout.
Business scale
$200.97B
Total annual company revenue · year ended 2025-12-31. This is company-wide revenue.
Annual financial evidence ↗ · Compare the revenue rankingCompany announcement / 2026-07-29
Latest sourced financial update
Meta reported second-quarter 2026 revenue of $60.8 billion, up 28%, and operating income of $18.8 billion. Capital expenditure including finance-lease principal payments was $31.1 billion. Its $130–145 billion full-year capex outlook is a forecast, not AI revenue.
Read the primary announcement ↗Selected dated update; this editorial snapshot does not refresh automatically.
What we can say about AI revenue
No comparable annual AI-only revenue figure is separately sourced for this company in our current edition. Company revenue, segment revenue, spending and order commitments should not be used as substitutes.
Investor questions / editorial analysis
What to watch
Do improvements in recommendations and advertising offset the cost of expanding AI infrastructure? Watch operating margins and cash generation alongside capital spending; spending itself is not proof of incremental AI revenue.
These are research questions, not a valuation conclusion or a recommendation to buy or sell.
Projects in our coverage
These profiles mention the company. A mention does not establish a supplier contract or project-specific revenue.
Documented project exposure
Follow the project evidence.
These profiles contain a named role or connection. A relationship does not establish booked revenue, ownership of every project layer or an attractive valuation. Site-attributable financial materiality remains a separate diligence question.
- Meta Hyperion — Under development; expanded campus and utility infrastructure planned
- Meta Sturgeon County — Groundbreaking announced July 2026; planned capacity
- Meta Rosemount — Development described in operator fact sheet; opening not confirmed by reviewed evidence
- Meta DeKalb — Meta confirmed serving traffic in November 2023; current AI workload mix undisclosed
- Meta Eagle Mountain — Existing campus online since 2021; expansion announced September 2026
- Meta Stanton Springs — Operating Meta campus; current IT capacity and AI workload share undisclosed
- Meta El Paso →
- Meta Kansas City →
- Meta Cheyenne →
- Meta Kuna →
- Meta Aiken →
- Meta Mesa →
- Meta Los Lunas →
- Meta Huntsville →
- Meta Montgomery →
- Meta Forest City →
- Meta Prineville →
- Meta Fort Worth →
- Meta Lebanon →
- Meta Bowling Green →
- Meta Altoona →
- Meta Gallatin →
- Meta Temple →
- Meta Sarpy →
- Meta Henrico →
- Meta Jeffersonville →
Documented project connection
Reliance–Meta Jamnagar AI data center — Future capacity lessee; stated payer of energy and water costs.
168 MW announced leased facility; no completed operating capacity or independently verified construction stage established.
Meta Prineville · operating-status evidence
Scoped readiness review October 14, 2026: existing-campus operation supported; no project earnings or current IT MW certified.
Read the evidence →Meta Prineville · deeper operating evidence
City FY2024 report: 11 completed buildings, approximately 5 million sq ft; 2024 facility electricity 1,728,291 MWh; current IT MW unknown. These source-specific quantities are not project earnings or certified current IT load.
Capacity and expansion review →Meta Talavera de la Reina / Torrehierro campus
Municipal records identify Meta’s campus; Europa Press identifies Zarza Networks S.L. as Meta’s subsidiary, attributed to the regional government. No campus operating revenue is established.
Our analysis: land regularisation can advance a project without establishing building completion. Administrative progress should not be counted as available computing capacity.
Kuna: distinguish the campus owner from its utility
Meta reports Kuna online as of September 3, 2026. Idaho Power is the Brisbie electric-service counterparty; neither that relationship nor company-wide financial statements establishes site earnings or operating IT load.
Kuna project and official financial links · FJI evidence record · IDACORP’s documented connection
Documented project connections
Each connection below has a specific, cited role. A supplier, lender, customer or proposed acquirer has different economics from the project owner.
Meta Aiken
Named owner-user/developer of this campus in dated operator announcement
The documented role does not establish contract value, project-level earnings, accepted operating load or a share of company revenue.
Meta Altoona
developer/operator
The documented role does not establish contract value, project-level earnings, accepted operating load or a share of company revenue.
Meta Beaver Dam
Beaver Dam campus sponsor/operator; Mortenson named general contractor
The documented role does not establish contract value, project-level earnings, accepted operating load or a share of company revenue.
Meta Bowling Green
developer/operator
The documented role does not establish contract value, project-level earnings, accepted operating load or a share of company revenue.
Meta Cheyenne
Named owner-user/developer of this campus in dated operator announcement
The documented role does not establish contract value, project-level earnings, accepted operating load or a share of company revenue.
Meta Davenport / Vemerald
Iowa identifies Vemerald, the Davenport data-center applicant and proposed developer, as a wholly owned subsidiary of Meta Platforms.
The state approval establishes the applicant's Meta affiliation and proposed development role. It does not establish a later final construction commitment, completed construction, energized IT capacity, realized expenditure or operating revenue. The announced $800 million is proposed investment, not verified spending.
Meta DeKalb
Data center owner / operator
The documented role does not establish contract value, project-level earnings, accepted operating load or a share of company revenue.
Meta Eagle Mountain
Project / facility operator identified in project-specific source; ownership economics and tenant contracts not certified
The documented role does not establish contract value, project-level earnings, accepted operating load or a share of company revenue.
Meta El Paso
Meta announced the project as the campus developer and sole initial occupant / lessee; the July announcement describes a 2028 delivery target. Construction is independently reported as underway Oct. 14, 2026.
The documented role does not establish contract value, project-level earnings, accepted operating load or a share of company revenue.
Meta Forest City
developer/operator
The documented role does not establish contract value, project-level earnings, accepted operating load or a share of company revenue.
Meta Fort Worth
developer/operator
The documented role does not establish contract value, project-level earnings, accepted operating load or a share of company revenue.
Meta Gallatin
developer/operator
The documented role does not establish contract value, project-level earnings, accepted operating load or a share of company revenue.
Meta Henrico
developer/operator
The documented role does not establish contract value, project-level earnings, accepted operating load or a share of company revenue.
Meta Huntsville
developer/operator
The documented role does not establish contract value, project-level earnings, accepted operating load or a share of company revenue.
Meta Jeffersonville
developer/operator
The documented role does not establish contract value, project-level earnings, accepted operating load or a share of company revenue.
Meta Kansas City
Named owner-user/developer of this campus in dated operator announcement
The documented role does not establish contract value, project-level earnings, accepted operating load or a share of company revenue.
Meta Kuna
Campus owner-user/developer and issuer-reported operator
The documented role does not establish contract value, project-level earnings, accepted operating load or a share of company revenue.
Meta Lebanon
developer/operator
The documented role does not establish contract value, project-level earnings, accepted operating load or a share of company revenue.
Meta Los Lunas
Named owner-user/developer of this campus in dated operator announcement
The documented role does not establish contract value, project-level earnings, accepted operating load or a share of company revenue.
Meta Mesa
Named owner-user/developer of this campus in dated operator announcement
The documented role does not establish contract value, project-level earnings, accepted operating load or a share of company revenue.
Meta Montgomery
developer/operator
The documented role does not establish contract value, project-level earnings, accepted operating load or a share of company revenue.
Meta Prineville
Owner-user campus operator supported by operating-site evidence; no project-specific earnings or currently delivered IT MW verified.
The documented role does not establish contract value, project-level earnings, accepted operating load or a share of company revenue.
about.fb.com ↗ · datacenters.atmeta.com ↗ · www.oregon.gov ↗
Meta Sarpy
developer/operator
The documented role does not establish contract value, project-level earnings, accepted operating load or a share of company revenue.
Meta Stanton Springs
Project / facility operator identified in project-specific source; ownership economics and tenant contracts not certified
The documented role does not establish contract value, project-level earnings, accepted operating load or a share of company revenue.
Meta Talavera de la Reina / Torrehierro campus
Municipal records identify Meta as the sponsor of the Talavera campus.
The municipal identification does not establish current operating revenue, accepted computing capacity or a complete corporate ownership chain.
Meta Temple
developer/operator
The documented role does not establish contract value, project-level earnings, accepted operating load or a share of company revenue.
Reliance–Meta Jamnagar AI data center
Prospective lessee/customer for announced 168 MW phase
The documented role does not establish contract value, project-level earnings, accepted operating load or a share of company revenue.
Meta Rosemount
Owner-user / developer
The documented role does not establish contract value, project-level earnings, accepted operating load or a share of company revenue.
Meta Sturgeon County
Project / facility operator identified in project-specific source; ownership economics and tenant contracts not certified
The documented role does not establish contract value, project-level earnings, accepted operating load or a share of company revenue.
Kuna’s later construction phase
Meta’s September opening announcement applies to its original Kuna campus, not every later addition. BoiseDev documented two rapid-deployment structures under construction on October 15. A Meta development director told the publication he expected both to be finished by year-end. Their capacity and cost were not disclosed; no commissioning or electrical acceptance for the additions was established.
Explore the phase-specific Kuna record · October construction evidence