Meta Q1 2026 Earnings April 29: $135B AI Spend, 8,000 Layoffs, Zero Sell Ratings — The Most Controversial Call of the Week

# Meta Q1 2026 Earnings April 29: $135B AI Spend, 8,000 Layoffs, Zero Sell Ratings — The Most Controversial Call of the Week

> **Quick answer:** Meta reports Q1 2026 earnings after market close on April 29. Analyst consensus: $55.46B revenue (+31% YoY), $6.73 EPS. Zero of 42 analysts carry a Sell rating — unanimous bullishness — yet the same period saw Meta announce 8,000 layoffs (10% of workforce) and double AI capital expenditure to as high as $135B. The central question: is the AI investment actually converting to measurable advertising revenue, or is Wall Street's enthusiasm getting ahead of the evidence?

Meta reports Q1 2026 earnings on April 29 — the same evening as Microsoft, Alphabet, and Amazon — making it the most data-dense night of the earnings season. With $55B in expected revenue, a record AI spending commitment, and 8,000 workers being walked out the door, Meta's call is the one analysts, investors, and workers are watching most closely.

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## What Analysts Expect on April 29: The Numbers

Consensus forecasts from 42 Wall Street analysts point to a strong quarter on paper. Revenue is projected at $55.46 billion, representing 31-32% year-over-year growth from Q1 2025's $42.3B. EPS consensus sits at $6.65-6.73 depending on the source, with Polymarket's prediction markets pricing an implied 92.1% probability that Meta beats expectations outright.