GW-proxy caveat: Alphabet/Google Cloud does not disclose data-center MW/GW capacity. This chart plots USD billions quarterly capex actuals (SEC cash-flow purchases of property and equipment) vs full-year FY2026 capex guidance vintages applied as-of each quarter. The FY2026 guidance shown is the $175B-$185B range midpoint ($180B) from the FY2025-FQ4 SEC-filed earnings release, carried forward at FY2026-FQ1 because no verified later numeric revision is stored in this artifact. FY2024-FQ4 is shown as a separate annual anchor (diamond), not on the quarterly line. Not convertible to GW.