"Meta Platforms runs the world's largest collection of social platforms, including Facebook, Instagram, WhatsApp, Messenger, and Threads, alongside Reality Labs and a growing AI infrastructure stack."
"The selloff was triggered by Meta raising its full-year 2026 capex guidance to $125 billion to $145 billion, citing higher component pricing and additional data center costs."
"Q1 2026 revenue came in at $56.31 billion, growing 33.08% year over year, and EPS of $10.44 beat the $6.6587 consensus, although inflated by a one-time tax benefit."
"Reality Labs again posted an operating loss of $4.03 billion, and Q1 capex alone hit $18.997 billion, up 46.8% year over year."
Meta Platforms is trading at $611.91, with a Wall Street price target of $855.11, indicating a 39.7% upside. The stock fell 9% after raising 2026 capex guidance to $125-$145 billion due to higher costs. Despite strong Q1 2026 revenue of $56.31 billion and an EPS beat, a one-time tax benefit inflated earnings. Reality Labs reported a $4.03 billion operating loss, and Q1 capex rose 46.8%. Investor sentiment dropped significantly following the announcement.
Read at 24/7 Wall St.
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