v3.26.1
Property and Equipment, Net (Tables)
6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Schedule of 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 
Schedule of 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
Ending balance
$120 $62