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Property and Equipment, Net
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Property and equipment, net, consisted of the following (in millions):
June 30,
2026		December 31,
2025
Technology equipment$33,823 $20,903 
Software859 802 
Data center equipment and leasehold improvements5,997 2,842 
Furniture, fixtures, and other assets25 18 
Construction in progress11,918 9,376 
Total property and equipment52,622 33,941 
Less: accumulated depreciation and amortization(5,886)(3,384)
Total property and equipment, net$46,736 $30,557 
Depreciation and amortization on property and equipment was $1.4 billion and $553 million for the three months ended June 30, 2026 and 2025, respectively, and $2.5 billion and $996 million for the six months ended June 30, 2026 and 2025, respectively.
The Company capitalizes interest associated with the construction of data centers and purchases of related technology equipment. There was $79 million and $23 million of interest capitalized during the three months ended June 30, 2026 and 2025, respectively, and $176 million and $36 million of interest capitalized during the six months ended June 30, 2026 and 2025, respectively.
Asset Retirement Obligations
The following is a summary of activity relating to the liability for asset retirement obligations, included in other non-current liabilities on the condensed consolidated balance sheets, which the Company expects to incur primarily in connection with the expected removal of certain equipment related to its data center fit-outs (in millions):
June 30,
2026		December 31,
2025
Beginning balance
$62 $36 
Additions
53 21 
Accretion expense
5 5 
Ending balance
$120 $62