Meta Platforms, Inc. earnings overview

META FY2026 Q1 · Calendar Q2 2026

Meta Platforms, Inc.

Meta's Q1 2026 results demonstrated accelerating AI-driven growth: 33% YoY revenue to $56.3B, a 55.8% EPS beat, and a wave of product launches including the Muse Spark model and expanded AI glasses. Yet the market reacted sharply negative, with shares falling 8.6% against a rising benchmark, as investors focused on ballooning capital intensity — full-year CapEx raised to $125-$145B and $107B in contractual compute commitments. The central tension is whether Meta's massive infrastructure investment will generate commensurate returns, or whether it represents over-investment ahead of proven monetization.