U.S. Tech Companies Commit Record $850B to Data Center Leases in Q1 2026, Up 204% Year-Over-Year

According to Bloomberg, U.S. technology companies committed to a record $850 billion in data center leases for the coming years as of Q1 2026, marking a 204% year-over-year increase from the prior year. Meta added $79 billion in new commitments during the quarter, bringing its total to approximately $183 billion, while Microsoft added $41 billion, reaching about $197 billion. Oracle leads with approximately $250 billion in total commitments.
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