Overview
- The new commitments came in the most recent quarters, according to a Bloomberg analysis of company filings.
- Microsoft’s total future lease obligations now stand at $155 billion, with Meta at $104 billion.
- Oracle leads the group with $261 billion in future commitments after a 2025 surge that coincided in timing with a large OpenAI cloud arrangement.
- Microsoft and Meta are reportedly in talks to secure capacity at the Oracle and OpenAI data-center campus in Abilene, Texas, following Oracle’s pullback on expansion there.
- These are future lease commitments rather than active leases, and Microsoft separately reported $6.7 billion in fiscal Q2 2026 leasing spend while bringing one gigawatt of capacity online.