Meta Platforms Q1 2026 Financial Results
Meta Platforms (NASDAQ: META) reported a revenue increase of 33% year-over-year for Q1 2026, reaching $56.3 billion, a significant acceleration from 24% growth in the previous quarter. However, adjusted earnings per share (EPS) rose by only 14%, from $6.43 to $7.31, indicating a stark divergence from revenue growth partly due to an $8.03 billion one-time tax benefit.
The company also announced a new capital expenditure forecast for 2026 of $125 billion to $145 billion, significantly higher than the previous range of $115 billion to $135 billion. This increase is primarily attributed to rising component prices and greater data center investment as Meta continues to expand its infrastructure.
Despite the growth, total expenses surged by 35% year-over-year, leading to concerns about long-term profitability amidst escalating costs and unrealized investment losses. Meta’s operating income climbed 30% to nearly $23 billion, maintaining an operating margin of 41%.
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