Meta Raises 2026 Capex, Shares Drop 5%

Meta Platforms lifted its full‑year 2026 capital‑expenditure outlook to $125‑$145 billion, up from $115‑$135 billion.
After the announcement, Class A shares of the Magnificent 7 member fell 5.3% in after‑hours trading.
Q1 2026 results showed EPS $10.44 on $56.31 billion revenue, beating analyst forecasts of $6.65 EPS and $55.52 billion revenue.
The company cited higher component prices, a server‑supply deficit, and an $8.03 billion tax benefit as drivers of the revised guidance.