通信行業點評報告：Meta再次上調資本支出指引，微軟雲業務表現亮眼，海外AI正循環效果顯著

開源證券

2025/07/31

（以下內容從開源證券《通信行業點評報告：Meta再次上調資本支出指引，微軟雲業務表現亮眼，海外AI正循環效果顯著》研報附件原文摘錄）Meta Q2業績超預期，上調全年資本支出下限2025年7月31日，Meta公布第二季度財報，公司2025Q2實現營收475.2億美元，高於預期的448.3億美元，公司預計第三季度營收區間為475億美元至505億美元，預計2025年全年支出將在660億美元至720...

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