Developer tools · 53 figures
Data Center Spending Statistics 2026
Gartner forecasts worldwide data center systems spending of $879 billion in 2026, up 73.8%, and $1.37 trillion in 2027. The IEA says capital spending by the largest technology companies passed $400 billion in 2025 and is set to rise another 75% in 2026, led by Amazon's planned $220 billion. IDC expects AI infrastructure spending of $497 billion in 2026, while the IEA projects data center electricity use to roughly double from 485 TWh in 2025 to 950 TWh in 2030.
- $879 billionGartner forecasts worldwide data center systems spending of $879 billion in 2026, an increase of 73.8% from 2025.Gartner
- $1,366 billionGartner expects data center systems spending to pass $1 trillion in 2027, reaching $1,366 billion, a further 55.5% increase.Gartner
- USD 400 billionCapital expenditure by the largest technology companies exceeded $400 billion in 2025 and is expected to rise by another 75% in 2026, according to the IEA.International Energy Agency
- $220 billionAmazon expects cash capital expenditures of about $220 billion in 2026.Amazon
- $497 billionIDC forecasts AI infrastructure spending of $497 billion in 2026, about 56% more than in 2025.IDC
- 7,481 MWData center capacity under construction across North America's eight primary markets rose 24.8% in the first half of 2026 to a record 7,481 MW.CBRE
- 950 TWhThe IEA projects global data center electricity consumption to roughly double from 485 TWh in 2025 to 950 TWh in 2030, about 3% of global electricity demand.International Energy Agency
- $20,036,670,606PJM's independent market monitor estimates that including data center load in the last three capacity auctions increased customers' bills by about $20.0 billion.Monitoring Analytics
This page collects figures on how much money is going into data centers: market forecasts for data center hardware, capital expenditure by Amazon, Microsoft, Alphabet, Meta and Oracle, spending on AI servers and physical infrastructure, construction and leasing activity, electricity demand, and the power costs that data center growth is pushing onto grids. Most figures describe 2025 and 2026 and are worldwide; the construction, leasing and power market data focus on the United States and North America. The US electricity figures from Lawrence Berkeley National Laboratory describe 2023 and are included as the most recent federal baseline.
Data center spending is now the fastest growing part of the IT budget by a wide margin. Gartner's October 2026 forecast puts data center systems spending at $879 billion in 2026, up 73.8%, and $1.37 trillion in 2027, compared with $506 billion in 2025. Dell'Oro Group measured data center capex growth of 92% in the second quarter of 2026, and JLL estimates the sector will need up to $3 trillion of investment over the five years to 2030.
Most of that money comes from a handful of companies. The IEA says capex by the five largest technology companies passed $400 billion in 2025 and is set to rise 75% in 2026. Company filings show the scale quarter by quarter: Amazon spent $77.3 billion on property and equipment in the third quarter of 2026 and expects about $220 billion for the year, Alphabet spent $51.4 billion, Microsoft $39.4 billion and Meta $34.9 billion. Oracle's capex reached $28.5 billion in a single quarter, more than half of its whole previous fiscal year, backed by $664 billion of contracted future revenue.
The hardware inside the buildings takes the largest share. IDC tracked $89.7 billion of AI infrastructure spending in the first quarter of 2026, almost all of it on servers, and raised its 2026 forecast to $497 billion. NVIDIA's data center revenue reached $89.0 billion in a single quarter. Physical infrastructure such as cooling and power equipment is smaller but still growing quickly: Dell'Oro puts it at $14 billion a quarter, with thermal management growing more than 40%.
Power is the constraint and an increasingly visible cost. The IEA expects data center electricity use to roughly double to 950 TWh by 2030, and Lawrence Berkeley National Laboratory estimates US data centers could use 6.7% to 12% of the country's electricity by 2028. In PJM, the largest US grid, the market monitor found that data center load raised customers' capacity bills by about $20 billion across three auctions and added $11.11 per MWh to the average wholesale cost of power in the first half of 2026. In North America, CBRE reports a record 7,481 MW under construction but vacancy of just 1.4%, so rents keep rising.
Total data center spending
Gartner's data center systems category covers servers, storage and networking equipment bought for data centers, and its forecast has been revised upward several times during 2026. Dell'Oro's capex tracking and JLL's investment estimate use wider definitions that include buildings, land and power infrastructure, so the totals are not directly comparable. All three point the same way: spending is growing faster than at any point in the history of these series, driven by AI hardware and higher memory prices.
- $879 billion
Gartner forecasts worldwide data center systems spending of $879 billion in 2026, an increase of 73.8% from 2025.
Gartner · Gartner Forecasts Worldwide IT Spending to Grow 15% in 2027, Totaling $7.35 Trillion (Oct 2026)
Exact quote
Data Center Systems 879 73.8 1,366 55.5
- $1,366 billion
Gartner expects data center systems spending to pass $1 trillion in 2027, reaching $1,366 billion, a further 55.5% increase.
Gartner · Gartner Forecasts Worldwide IT Spending to Grow 15% in 2027, Totaling $7.35 Trillion (Oct 2026)
Exact quote
Data Center Systems 879 73.8 1,366 55.5
- $506 billion
Worldwide data center systems spending was $506 billion in 2025, up 51.6% on 2024, according to Gartner's July 2026 forecast.
Gartner · Gartner Forecasts Worldwide IT Spending to Grow 14.2% in 2026, Totaling $6.37 Trillion (Jul 2026)
Exact quote
Data Center Systems 506 51.6 822 62.5
- 92 Percent
Worldwide data center capital expenditure grew 92% year on year in the second quarter of 2026, according to Dell'Oro Group.
Dell'Oro Group · Data Center Capex Grew 92 Percent in 2Q 2026, Driven by Surging AI Demand and Memory Costs (Sep 2026)
Exact quote
Data Center Capex Grew 92 Percent in 2Q 2026, Driven by Surging AI Demand and Memory Costs
- $3 trillion
JLL estimates the global data center buildout will require up to $3 trillion of total investment over the five years to 2030, including about $870 billion of new debt financing.
JLL · Global data center sector to nearly double to 200GW amid AI infrastructure boom (Jan 2026)
Exact quote
The explosive growth will require up to $3 trillion in total investment over the next five years, including $1.2 trillion in real estate asset value creation and approximately $870 billion in new debt financing, marking an infrastructure investment supercycle.
- $1 trillion
According to JLL, hyperscalers allocated $1 trillion for data center spending across 2024, 2025 and 2026.
JLL · Global data center sector to nearly double to 200GW amid AI infrastructure boom (Jan 2026)
Exact quote
Hyperscalers are allocating $1 trillion for data center spend between 2024 and 2026 alone, while supply constraints and four-year grid connection delays are creating a perfect storm that's fundamentally reshaping how we approach development, energy sourcing and market strategy.
- half a trillion dollars
Global investment in data centers nearly doubled between 2022 and 2024, reaching about half a trillion dollars in 2024, according to the IEA.
International Energy Agency · Energy and AI: Executive summary (Apr 2025)
Exact quote
Global investment in data centres has nearly doubled since 2022 and amounted to half a trillion dollars in 2024.
Hyperscaler capital expenditure
Capital expenditure in these filings covers all property and equipment, not only data centers, but each company says AI and cloud infrastructure account for most of the increase. Definitions differ: Meta includes principal payments on finance leases, Amazon reports purchases before and after incentives, and Microsoft separately discloses data center leases that have been signed but not yet started. Quarterly spending at Amazon, Microsoft and Oracle has roughly doubled or tripled in a year, which is why company totals for 2026 far exceed earlier forecasts.
Oracle capital expenditures by quarter (millions of US dollars)
Oracle's fiscal year ends in May; Q1 FY27 covers June to August 2026.
Source: Oracle, Oracle Announces Fiscal Year 2027 First Quarter Financial Results
- USD 400 billion
Capital expenditure by the largest technology companies exceeded $400 billion in 2025 and is expected to rise by another 75% in 2026, according to the IEA.
International Energy Agency · Key Questions on Energy and AI: Executive summary (Apr 2026)
Exact quote
The largest technology companies are contributing to a surge in data centre investment, as their capital expenditure exceeded USD 400 billion in 2025 – and is expected to jump by another 75% in 2026.
- USD 700 billion
The IEA expects hyperscalers to spend more than $700 billion on capital expenditure worldwide in 2026, mostly on new data centers.
International Energy Agency · Powering Artificial Intelligence: Executive summary (Oct 2026)
Exact quote
Globally, the largest data centre operators – so-called hyperscalers – are set to spend more than USD 700 billion as capital expenditure in 2026, mostly for the development of new data centres.
- $77,259 million
Amazon spent $77,259 million on purchases of property and equipment in the third quarter of 2026, compared with $35,095 million a year earlier.
Amazon · Amazon.com Announces Third Quarter Results (Oct 2026)
Exact quote
Purchases of property and equipment (35,095 ) (77,259 ) (92,297 ) (175,670 ) (120,131 ) (215,192 )
- $220 billion
Amazon expects cash capital expenditures of about $220 billion in 2026.
Amazon · Amazon.com Announces Third Quarter Results (Oct 2026)
Exact quote
We continue to expect 2026 cash capital expenditures to be approximately $220 billion.
- $39,367 million
Microsoft's additions to property and equipment were $39,367 million in the quarter ended September 30, 2026, double the $19,394 million a year earlier.
Microsoft · Microsoft FY27 First Quarter Earnings Press Release (Oct 2026)
Exact quote
Investing Additions to property and equipment (39,367) (19,394)
- $364.6 billion
As of September 30, 2026, Microsoft had signed $364.6 billion of leases, mainly for data centers, that had not yet started, due to begin between fiscal 2027 and fiscal 2034.
Microsoft · Microsoft Corporation Form 10-Q for the quarter ended September 30, 2026 (Oct 2026)
Exact quote
As of September 30, 2026, we had additional leases, primarily for datacenters, that had not yet commenced of $ 364.6 billion, with some arrangements subject to certain contractual conditions being met.
- $51,355 million
Alphabet's purchases of property and equipment reached $51,355 million in the third quarter of 2026, up from $27,851 million in the fourth quarter of 2025.
Alphabet · Alphabet Announces Third Quarter 2026 Results (Oct 2026)
Exact quote
Less: purchases of property and equipment (27,851) (35,674) (44,924) (51,355) (159,804)
- $159,804 million
Alphabet's capital expenditure over the twelve months to September 2026 totaled $159,804 million.
Alphabet · Alphabet Announces Third Quarter 2026 Results (Oct 2026)
Exact quote
Less: purchases of property and equipment (27,851) (35,674) (44,924) (51,355) (159,804)
- $34.91 billion
Meta's capital expenditures, including principal payments on finance leases, were $34.91 billion in the third quarter of 2026.
Meta · Meta Reports Third Quarter 2026 Results (Oct 2026)
Exact quote
Capital expenditures, including principal payments on finance leases, were $34.91 billion.
- $135-145 billion
Meta expects 2026 capital expenditures of $135 billion to $145 billion.
Meta · Meta Reports Third Quarter 2026 Results (Oct 2026)
Exact quote
We anticipate 2026 capital expenditures, including principal payments on finance leases, to be in the range of $135-145 billion, narrowed from our prior outlook of $130-145 billion.
- $28,499 million
Oracle's capital expenditures were $28,499 million in the first quarter of fiscal 2027 (June to August 2026), against $55,663 million for all of fiscal 2026.
Oracle · Oracle Announces Fiscal Year 2027 First Quarter Financial Results (Sep 2026)
Exact quote
Capital Expenditures $ 8,502 $ 12,033 $ 18,635 $ 16,493 $ 55,663 $ 28,499
- $664 billion
Oracle's remaining performance obligations reached $664 billion in its first quarter of fiscal 2027, after more than $30 billion of new AI cloud contracts.
Oracle · Oracle Announces Fiscal Year 2027 First Quarter Financial Results (Sep 2026)
Exact quote
Oracle booked more than $30 billion of additional AI cloud contracts in Q1 increasing its RPO to $664 billion.
AI server and infrastructure spending
Servers account for nearly all AI infrastructure spending in IDC's tracking, and accelerated servers built around GPUs and custom chips are the main reason data center budgets have grown so fast. NVIDIA's data center revenue is a useful cross-check because most AI servers contain its chips. Spending on the physical plant, such as cooling, power distribution and backup power, is an order of magnitude smaller than server spending but is growing at more than 20% a year, with liquid cooling the fastest part.
Arm-based accelerated server spending by quarter (billions of US dollars)
Worldwide value of non-x86 (Arm) accelerated servers from IDC's AI infrastructure tracker.
- $89.7 billion
IDC tracked $89.7 billion of worldwide AI infrastructure spending in the first quarter of 2026, up 33% from a year earlier.
IDC · AI Infrastructure Spending Holds Near $90 Billion in Q1 2026 as ARM Overtakes x86 in Accelerated Servers; 2026 Forecast Raised to $497 Billion (Jul 2026)
Exact quote
According to IDC's Worldwide Quarterly AI Infrastructure Tracker, spending reached $89.7 billion in Q1 2026, up 33% year-over-year but flat sequentially as growth normalizes off a larger base.
- $497 billion
IDC forecasts AI infrastructure spending of $497 billion in 2026, about 56% more than in 2025.
IDC · AI Infrastructure Spending Holds Near $90 Billion in Q1 2026 as ARM Overtakes x86 in Accelerated Servers; 2026 Forecast Raised to $497 Billion (Jul 2026)
Exact quote
IDC projects AI infrastructure spending will reach $497 billion in 2026 , representing approximately 56% year-over-year growth
- $318 billion
Worldwide AI infrastructure spending was $318 billion in 2025, up from $153 billion in 2024, according to IDC.
IDC · AI Infrastructure Spending Holds Near $90 Billion in Q1 2026 as ARM Overtakes x86 in Accelerated Servers; 2026 Forecast Raised to $497 Billion (Jul 2026)
Exact quote
Full-Year 2025 AI Infrastructure Spending $318 billion Full-Year 2024 AI Infrastructure Spending $153 billion (YoY +107.6%)
- $67.9 billion
The United States accounted for $67.9 billion, or 75.7%, of global AI infrastructure spending in the first quarter of 2026.
IDC · AI Infrastructure Spending Holds Near $90 Billion in Q1 2026 as ARM Overtakes x86 in Accelerated Servers; 2026 Forecast Raised to $497 Billion (Jul 2026)
Exact quote
The United States remained dominant at $67.9 billion (75.7% of global spend, +30.3% YoY), though growth continues to moderate.
- 97.6%
Servers made up 97.6% of AI infrastructure spending in the first quarter of 2026, with storage accounting for the rest.
IDC · AI Infrastructure Spending Holds Near $90 Billion in Q1 2026 as ARM Overtakes x86 in Accelerated Servers; 2026 Forecast Raised to $497 Billion (Jul 2026)
Exact quote
Server spending represented 97.6% of total AI infrastructure value in Q1 2026
- $1.08 trillion
IDC projects the global AI infrastructure market will reach $1.08 trillion in 2029 and $1.21 trillion in 2030.
IDC · AI Infrastructure Spending Holds Near $90 Billion in Q1 2026 as ARM Overtakes x86 in Accelerated Servers; 2026 Forecast Raised to $497 Billion (Jul 2026)
Exact quote
IDC now projects the global AI infrastructure market will surpass $1 trillion in 2029, reaching $1.08 trillion, before climbing to $1.21 trillion in 2030.
- $89.0 billion
NVIDIA's data center revenue was $89.0 billion in the quarter ended July 26, 2026, up 117% from a year earlier.
NVIDIA · NVIDIA Announces Financial Results for Second Quarter Fiscal 2027 (Aug 2026)
Exact quote
Data Center revenue of $89.0 billion, up 117% from a year ago
- $14 billion
The worldwide data center physical infrastructure market, which covers power and cooling equipment, grew 27% year on year to $14 billion of manufacturer revenue in the second quarter of 2026.
Dell'Oro Group · Data Center Physical Infrastructure Market Grows 27 Percent Y/Y to $14 Billion in 2Q 2026 (Oct 2026)
Exact quote
the worldwide Data Center Physical Infrastructure (DCPI) market grew 27 percent year-over-year (Y/Y) to $14 billion in manufacturer revenue in 2Q 2026.
- 40 percent
Thermal management, which includes liquid cooling, was the fastest growing part of data center physical infrastructure in the second quarter of 2026, expanding more than 40% year on year.
Dell'Oro Group · Data Center Physical Infrastructure Market Grows 27 Percent Y/Y to $14 Billion in 2Q 2026 (Oct 2026)
Exact quote
Thermal Management remained the fastest-growing segment, expanding more than 40 percent Y/Y and matching its record share of DCPI revenue.
Construction and capacity
The Census Bureau counts data centers inside its private office category, so office construction spending has risen sharply even as conventional office building has fallen. CBRE's market data show that new supply is being leased before it is finished, which keeps vacancy near record lows and pushes rents up. Synergy and JLL both expect global capacity to roughly double within a few years, but equipment lead times, power connections and local permitting are slowing how fast projects can be completed.
Data center inventory by North American market, Q2 2026 (MW)
Operational inventory in megawatts for the five largest primary markets, second quarter of 2026.
- Northern Virginia4,497
- Atlanta1,803
- Dallas-Fort Worth1,433
- Phoenix1,069
- Chicago911
Source: CBRE, North American Data Center Demand Continues to Outpace Supply Despite Record Construction Activity
- $145,633 million
US private office construction, a Census Bureau category that includes data centers, ran at a seasonally adjusted annual rate of $145,633 million in September 2026, up 39.5% from September 2025.
U.S. Census Bureau · Monthly Construction Spending, September 2026 (Nov 2026)
Exact quote
Office 145,633 138,103 130,208 121,940 115,159 104,376 5.5 39.5
- 7,481 MW
Data center capacity under construction across North America's eight primary markets rose 24.8% in the first half of 2026 to a record 7,481 MW.
CBRE · North American Data Center Demand Continues to Outpace Supply Despite Record Construction Activity (Aug 2026)
Exact quote
Construction activity rose 24.8% to 7,481 MW in the first half of the year as preleasing tops 80%, leaving less than six months of available supply
- 80%
More than 80% of North American data center capacity under construction in mid-2026 was already preleased, up from 74.3% a year earlier.
CBRE · North American Data Center Demand Continues to Outpace Supply Despite Record Construction Activity (Aug 2026)
Exact quote
More than 80% of all capacity under construction is already preleased, up from 74.3% a year ago.
- 1.4%
Data center vacancy in North America's primary markets was 1.4% in the first half of 2026, while net absorption rose nearly 12% to 1,456 MW.
CBRE · North American Data Center Demand Continues to Outpace Supply Despite Record Construction Activity (Aug 2026)
Exact quote
Vacancy held steady at 1.4% compared with year-end 2025.
- 8.3%
Average asking data center rents in North America rose for every deployment size in the first half of 2026, led by an 8.3% increase for 3 MW to 10 MW requirements.
CBRE · North American Data Center Demand Continues to Outpace Supply Despite Record Construction Activity (Aug 2026)
Exact quote
Average asking rents rose for every major deployment size in the first six months of the year, led by an 8.3% increase for users seeking between 3 MW and 10 MW of capacity.
- 45 gigawatts
Synergy Research Group's pipeline of future large data centers in the US represents around 45 gigawatts of IT capacity, from 74 companies.
Synergy Research Group · Synergy Reports that US Data Center Capacity Will Continue to Balloon Despite Increasing Headwinds (Jul 2026)
Exact quote
That represents around 45 gigawatts of IT capacity to be added in the U.S., driven by 74 different companies expanding their data center footprint.
- 1,360
Hyperscale companies operated 1,360 large data centers at the end of 2025, accounting for 48% of worldwide data center capacity.
Synergy Research Group · Hyperscale Operators to Account for 67% of all Data Center Capacity by 2031 (Apr 2026)
Exact quote
The number of large data centers operated by hyperscale companies reached 1,360 at the end of the fourth quarter of 2025, and new data from Synergy Research Group shows that they now account for 48% of the worldwide capacity of all data centers.
- 200 GW
JLL expects global data center capacity to nearly double from 103 GW to 200 GW by 2030.
JLL · Global data center sector to nearly double to 200GW amid AI infrastructure boom (Jan 2026)
Exact quote
The global data center sector is poised for continued unprecedented expansion, with capacity expected to nearly double from 103 GW to 200 GW by 2030, according to JLL's newly released 2026 Global Data Center Outlook .
- 33 weeks
The average global lead time for data center equipment is 33 weeks, 50% longer than before 2020, according to JLL.
JLL · Global data center sector to nearly double to 200GW amid AI infrastructure boom (Jan 2026)
Exact quote
The average equipment lead time globally is now 33 weeks, a 50% increase from pre-2020 levels.
Data center electricity demand
Electricity is the main operating cost of a data center and increasingly the factor that decides where and when new capacity can be built. The IEA's global estimates and Lawrence Berkeley National Laboratory's US estimates use different methods and years, so they should be read side by side rather than combined. Both expect consumption to roughly double or more by the end of the decade, with AI-focused facilities growing fastest. Efficiency gains at the building level have mostly stalled: Uptime Institute's average PUE has hovered around 1.5 for years.
- 415 terawatt-hours
Data centers used about 415 TWh of electricity worldwide in 2024, around 1.5% of global electricity consumption.
International Energy Agency · Energy and AI: Executive summary (Apr 2025)
Exact quote
Data centres accounted for around 1.5% of the world's electricity consumption in 2024, or 415 terawatt-hours (TWh).
- 950 TWh
The IEA projects global data center electricity consumption to roughly double from 485 TWh in 2025 to 950 TWh in 2030, about 3% of global electricity demand.
International Energy Agency · Key Questions on Energy and AI: Executive summary (Apr 2026)
Exact quote
Our updated projections see electricity consumption from data centres roughly doubling from 485 TWh in 2025 to 950 TWh in 2030, accounting for around 3% of global electricity demand by that date.
- 17%
Global data center electricity demand grew 17% in 2025, while consumption by AI-focused data centers rose 50%.
International Energy Agency · Key Questions on Energy and AI: Executive summary (Apr 2026)
Exact quote
The global electricity demand of data centres – the critical infrastructure for training and running AI models – grew by 17% in 2025, in line with IEA projections.
- 45%
The United States accounted for 45% of global data center electricity consumption in 2024, ahead of China at 25% and Europe at 15%.
International Energy Agency · Energy and AI: Executive summary (Apr 2025)
Exact quote
The United States accounted for the largest share of global data centre electricity consumption in 2024 (45%), followed by China (25%) and Europe (15%).
- 4.4%
US data centers used about 4.4% of the country's electricity in 2023, according to the Lawrence Berkeley National Laboratory report released by the Department of Energy.
U.S. Department of Energy · DOE Releases New Report Evaluating Increase in Electricity Demand from Data Centers (Dec 2024)
Exact quote
The report finds that data centers consumed about 4.4% of total U.S. electricity in 2023 and are expected to consume approximately 6.7 to 12% of total U.S. electricity by 2028.
- 6.7 to 12%
Lawrence Berkeley National Laboratory expects US data centers to use 6.7% to 12% of total US electricity by 2028.
U.S. Department of Energy · DOE Releases New Report Evaluating Increase in Electricity Demand from Data Centers (Dec 2024)
Exact quote
The report finds that data centers consumed about 4.4% of total U.S. electricity in 2023 and are expected to consume approximately 6.7 to 12% of total U.S. electricity by 2028.
- 176 TWh
US data center electricity use rose from 58 TWh in 2014 to 176 TWh in 2023 and is estimated to reach 325 to 580 TWh by 2028.
U.S. Department of Energy · DOE Releases New Report Evaluating Increase in Electricity Demand from Data Centers (Dec 2024)
Exact quote
The report indicates that total data center electricity usage climbed from 58 TWh in 2014 to 176 TWh in 2023 and estimates an increase between 325 to 580 TWh by 2028.
- 1.52
The industry average power usage effectiveness (PUE) reported in Uptime Institute's 2026 global survey was 1.52, in line with seven years of little change.
Uptime Institute · Uptime Institute Global Data Center Survey 2026 (Jul 2026)
Exact quote
The 2026 industry average PUE is 1.52 (see Figure 2), a figure that falls right in line with a seven-year trend of relative stasis.
Power costs and grid impacts
PJM, the grid operator for 13 states and Washington, D.C., hosts the world's largest cluster of data centers in Northern Virginia, so its capacity market shows how data center demand feeds into electricity prices. PJM's own figures and those of its independent market monitor differ in method: the monitor estimates what prices would have been without data center load. The costs fall on all customers in the region, not only on data center operators. For operators, power is also expensive to idle: the IEA notes that renting AI-optimized capacity costs far more than other sources of grid flexibility.
PJM total wholesale power cost, first half of 2026 ($ per MWh)
Average total cost per MWh of wholesale power in PJM, January to June 2026, as estimated by the independent market monitor.
Source: Monitoring Analytics, 2026 Quarterly State of the Market Report for PJM: January through June, Section 1 Introduction
- $333.44
PJM's capacity auction for the 2027/2028 delivery year cleared at the price cap of $333.44 per MW-day across its whole footprint, up 1.3% from the previous auction.
PJM Interconnection · PJM Auction Procures 134,479 MW of Generation Resources (Dec 2025)
Exact quote
The price came in at the FERC-approved cap, $333.44/MW-day (UCAP) for the entire PJM footprint, a slight increase (+1.3%) from the 2026/2027 Base Residual Auction.
- 5,100 MW
Nearly 5,100 MW of the 5,250 MW increase in PJM's forecast peak load for 2027/2028 is attributed to data center demand.
PJM Interconnection · PJM Auction Procures 134,479 MW of Generation Resources (Dec 2025)
Exact quote
Nearly 5,100 MW of that increase is attributable to data center demand.
- $16.4 billion
Cleared capacity in PJM's 2027/2028 auction multiplied by the clearing price totals $16.4 billion.
PJM Interconnection · PJM Auction Procures 134,479 MW of Generation Resources (Dec 2025)
Exact quote
The cleared supply in the auction times the clearing price totals $16.4 billion, although not all load pays this clearing price because of the impact of self-supply and bilateral contract arrangements.
- $20,036,670,606
PJM's independent market monitor estimates that including data center load in the last three capacity auctions increased customers' bills by about $20.0 billion.
Monitoring Analytics · 2026 Quarterly State of the Market Report for PJM: January through June, Section 1 Introduction (Aug 2026)
Exact quote
In other words, the inclusion of data center load in the last three auctions increased customers' bills by $20,036,670,606, even with the maximum price from the Agreement in place.
- $114.50
The average total cost of wholesale power in PJM rose 50.3% to $114.50 per MWh in the first half of 2026, from $76.16 a year earlier.
Monitoring Analytics · 2026 Quarterly State of the Market Report for PJM: January through June, Section 1 Introduction (Aug 2026)
Exact quote
The total cost per MWh of wholesale power increased by $38.34 from $76.16 in the first six months of 2025 to $114.50 in the first six months of 2026, an increase of 50.3 percent.
- $11.11
Data center load in PJM's capacity market added $11.11 per MWh, or 9.7%, to the total cost of wholesale power in the first half of 2026.
Monitoring Analytics · 2026 Quarterly State of the Market Report for PJM: January through June, Section 1 Introduction (Aug 2026)
Exact quote
In the first six months of 2026, the total cost per MWh of wholesale power increased by $11.11 (9.7 percent) from $103.40 to $114.50 as a result of the inclusion of data center load in the PJM Capacity Market.
- USD 20-30 billion
Renting AI-optimized data center capacity can cost $20 billion to $30 billion per GW for a year, about 100 times the equivalent capacity cost of a battery, according to the IEA.
International Energy Agency · Powering Artificial Intelligence: Executive summary (Oct 2026)
Exact quote
AI-optimised data centre capacity can cost as much as USD 20-30 billion per GW to rent for a year, which is 100 times more than the equivalent capacity cost of a battery.
- 79%
In Uptime Institute's 2026 survey, 79% of data center operators said their management was at least somewhat concerned about costs, the top concern for the fourth year running.
Uptime Institute · Uptime Institute Global Data Center Survey 2026 (Jul 2026)
Exact quote
Cost issues remain the highest-ranked concern, with 79% of respondents saying management is at least somewhat concerned (see Figure 1).
FAQ
How much is spent on data centers each year?
Gartner forecasts $879 billion of data center systems spending worldwide in 2026, up 73.8%, rising to $1.37 trillion in 2027. That covers hardware only; JLL estimates total investment including buildings and power of up to $3 trillion over the five years to 2030.
How much are Amazon, Microsoft, Google and Meta spending on capex?
Amazon expects about $220 billion of cash capex in 2026 and Meta $135 billion to $145 billion. In the third quarter of 2026 alone, Alphabet spent $51.4 billion and Microsoft $39.4 billion on property and equipment. The IEA says the largest technology companies spent more than $400 billion in 2025, with a further 75% rise expected in 2026.
How much is spent on AI servers?
IDC tracked $89.7 billion of AI infrastructure spending in the first quarter of 2026, 97.6% of it on servers, and forecasts $497 billion for the full year. NVIDIA reported $89.0 billion of data center revenue in its quarter ended July 2026.
How much electricity do data centers use?
The IEA estimates data centers used 485 TWh worldwide in 2025 and projects about 950 TWh by 2030. In the US, Lawrence Berkeley National Laboratory found data centers used 176 TWh, or 4.4% of national electricity, in 2023, and could reach 6.7% to 12% by 2028.
Are data centers raising electricity prices?
In PJM, the largest US grid, the independent market monitor estimates that data center load raised capacity costs for customers by about $20 billion across three auctions and added $11.11 per MWh, or 9.7%, to the average wholesale power cost in the first half of 2026.
Methodology note
We selected figures from primary sources only: company earnings releases and SEC filings, the U.S. Census Bureau, the International Energy Agency, the U.S. Department of Energy, PJM and its independent market monitor, and research firms that publish their own tracking data (Gartner, IDC, Dell'Oro Group, Synergy Research Group, CBRE, JLL and Uptime Institute). Every quote was checked against the source page on the update date. Definitions differ widely: Gartner counts data center hardware, IDC counts AI servers and storage, Dell'Oro and JLL include buildings and physical infrastructure, and company capex covers all property and equipment, not only data centers. Census data centers sit inside the private office category and are not reported separately in the headline release. Company figures follow each company's own fiscal calendar, and forecasts are revised often, so treat them as point-in-time estimates. Every quote is re-fetched from the source by our checker. See how we rank and verify.
Sources
- 1Alphabet: Alphabet Announces Third Quarter 2026 Results
- 2Amazon: Amazon.com Announces Third Quarter Results
- 3CBRE: North American Data Center Demand Continues to Outpace Supply Despite Record Construction Activity
- 4Dell'Oro Group: Data Center Capex Grew 92 Percent in 2Q 2026, Driven by Surging AI Demand and Memory Costs
- 5Dell'Oro Group: Data Center Physical Infrastructure Market Grows 27 Percent Y/Y to $14 Billion in 2Q 2026
- 6Gartner: Gartner Forecasts Worldwide IT Spending to Grow 15% in 2027, Totaling $7.35 Trillion
- 7Gartner: Gartner Forecasts Worldwide IT Spending to Grow 14.2% in 2026, Totaling $6.37 Trillion
- 8IDC: AI Infrastructure Spending Holds Near $90 Billion in Q1 2026 as ARM Overtakes x86 in Accelerated Servers; 2026 Forecast Raised to $497 Billion
- 9International Energy Agency: Energy and AI: Executive summary
- 10International Energy Agency: Key Questions on Energy and AI: Executive summary
- 11International Energy Agency: Powering Artificial Intelligence: Executive summary
- 12JLL: Global data center sector to nearly double to 200GW amid AI infrastructure boom
- 13Meta: Meta Reports Third Quarter 2026 Results
- 14Microsoft: Microsoft FY27 First Quarter Earnings Press Release
- 15Microsoft: Microsoft Corporation Form 10-Q for the quarter ended September 30, 2026
- 16Monitoring Analytics: 2026 Quarterly State of the Market Report for PJM: January through June, Section 1 Introduction
- 17NVIDIA: NVIDIA Announces Financial Results for Second Quarter Fiscal 2027
- 18Oracle: Oracle Announces Fiscal Year 2027 First Quarter Financial Results
- 19PJM Interconnection: PJM Auction Procures 134,479 MW of Generation Resources
- 20Synergy Research Group: Synergy Reports that US Data Center Capacity Will Continue to Balloon Despite Increasing Headwinds
- 21Synergy Research Group: Hyperscale Operators to Account for 67% of all Data Center Capacity by 2031
- 22U.S. Census Bureau: Monthly Construction Spending, September 2026
- 23U.S. Department of Energy: DOE Releases New Report Evaluating Increase in Electricity Demand from Data Centers
- 24Uptime Institute: Uptime Institute Global Data Center Survey 2026
Cite this page
Rankozo. (2026, November 6). Data Center Spending Statistics 2026. https://rankozo.com/data-center-spending-statistics
Questions or corrections: editorial@rankozo.com
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