Meta earnings are here \u2014 and so is another message to investors that capex spending is expected to balloon more than ever as the AI race continues full tilt.<\/p>\n
The company delivered a beat for the first quarter, with revenue of $56.3 billion that topped Wall Street estimates, and earnings per share of $10.44 that handily surpassed expectations.<\/p>\n
But the stock was trading down more than 6% after hours following the results as the company disclosed it was raising its full-year guidance for capital expenditures by $10 billion to $125 to $145 billion for 2026.<\/p>\n
“This reflects our expectations for higher component pricing this year and, to a lesser extent, additional data center costs to support future year capacity,” CFO Susan Li said in Meta’s release.<\/p>\n
Headed into the analyst call following the results, analysts are looking to hear more about Meta’s AI capex<\/a>, as the company is among the most prolific spenders among Big Tech giants. Analysts are also bullish on Meta’s AI model, Muse Spark<\/a>, the first model from Alexandr Wang’s team since the company invested billions into Scale AI to bring the executive in house.<\/p>\n Meta’s analyst call with Mark Zuckerberg kicked off at 5:30 p.m. \u2014 follow along for the latest:<\/p>\n","protected":false},"excerpt":{"rendered":"Meta earnings are here \u2014 and so is another message to investors that capex spending is expected to…\n","protected":false},"author":3,"featured_media":762293,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[313288,313286,49694,64,313287,638,313289,313285,24610,9105,298974,3546,10656,4143,67,132,68,1628,73928],"class_list":{"0":"post-762292","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-ai-capex","9":"tag-analyst-call","10":"tag-billion","11":"tag-business","12":"tag-cfo-susan-li","13":"tag-company","14":"tag-first-model","15":"tag-meta-earning","16":"tag-meta-superintelligence-labs","17":"tag-month","18":"tag-muse-spark","19":"tag-people","20":"tag-release","21":"tag-revenue","22":"tag-united-states","23":"tag-unitedstates","24":"tag-us","25":"tag-year","26":"tag-zuckerberg"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/116490326939227595","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/762292","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=762292"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/762292\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/762293"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=762292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=762292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=762292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}