Meta Q1 2026 Earnings Results: EPS, Revenue, and AI Capex Verdict

# Meta Q1 2026 Earnings Results: EPS, Revenue, and AI Capex Verdict

> **Quick answer:** Meta Platforms reported Q1 2026 earnings on April 29, 2026, with analysts expecting adjusted EPS of $6.67 and revenue of $55.56 billion — a 31.3% year-over-year increase. Meta has beaten EPS estimates in every quarter of 2025 and has not missed revenue expectations since Q2 2022. The defining question: whether Zuckerberg updated the $115-135 billion AI capital expenditure plan and what that signals for margins. This article covers the full breakdown of what Wall Street was watching, what the numbers mean, and what investors do next.

*This article is for informational purposes only and does not constitute financial advice. Consult a qualified financial advisor for personal financial decisions.*

Meta Q1 2026 earnings dropped on April 29, 2026, the same evening that Microsoft, Alphabet, and Amazon also reported — making it the most concentrated single-night earnings event in Magnificent Seven history. For Meta specifically, the primary keyword investors tracked was not just the revenue number but the capex line: does a $115-135 billion annual AI spending commitment make sense for a company whose core product remains a social media advertising engine?

## What Wall Street Expected From Meta Q1 2026

Going into the print, the consensus estimates were among the most carefully triangulated of any Mag-7 company this cycle: