Meta Q1 2026 Earnings: Revenue Surges 33%, AI CapEx Raised to $145 Billion, Stock Plunges Over 6%
Meta reported Q1 2026 revenue of $42.3 billion, up 33% year-over-year, with net income of $26.8 billion. However, the company raised full-year AI capital expenditure guidance to $125-145 billion, sparking investor concern and sending shares down over 6% after hours.