Meta Raises 2026 Capex Guidance, Shares Drop 6.3%

Meta Platforms raised 2026 capital expenditure guidance to $125‑$145 billion, up from $115‑$135 billion, surpassing Street expectations.
Full‑year expense outlook was lifted to $162‑$169 billion, slightly above analysts’ $163.77 billion estimate.
Q1 2026 earnings beat forecasts, reporting $10.44 EPS on $56.31 billion revenue versus $6.65 EPS and $55.52 billion expected.
Meta’s Class A shares fell 6.3% in after‑hours trading following the guidance update.