Meta Plunges After Boosting Capex Outlook Again On "Higher Component Pricing" [zero hedge]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: zero hedge
Meta Plunges After Boosting Capex Outlook Again On "Higher Component Pricing" The last of the giga-caps to report today, the increasingly more misnamed Meta Platforms, had some good news to report for the just completed Q1. It also had bad news, and judging by the plunge in the stock price, the market is focusing on the latter. First, the good news : the company reported revenue and EPS both of which beat estimates, and guided Q2 revenues which came in roughly in line with estimates. Here is the breakdown. EPS $10.44 vs. $6.43 y/y, and beating estimates of $6.66; one note: the EPS print included a $8.03BN income tax benefit recognized in the first quarter of 2026. Excluding this benefit, EPS would have been $3.13 lower or $7.31 (at a 37 effective tax rate) Revenue was also solid across the board Revenue $56.31 billion, +33% y/y, beating estimate $55.51 billion Advertising rev. $55.02 billion, +33% y/y, beating estimate $54.16 billion Family of Apps revenue $55.91 billion, +33% y/y, be
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News
- Meta's AI investments are costing way more than VR, and investors aren't happy about it [Yahoo! Finance]Yahoo! Finance
- Meta is still burning money on AR/VR [Yahoo! Finance]Yahoo! Finance
- Meta chief Zuckerberg doubles down on AI spending [Yahoo! Finance]Yahoo! Finance
- Highlights from Meta's earnings call [Yahoo! Finance]Yahoo! Finance
- Meta is still burning money on AR/VR [TechCrunch]TechCrunch
META
Earnings
- 4/29/26 - Beat
META
Sec Filings
- 4/29/26 - Form 4
- 4/29/26 - Form 8-K
- 4/28/26 - Form PX14A6G
- META's page on the SEC website