Meta raises its 2026 capex to between $125B and $145B, exceeding analysts' estimates, after previously forecasting $115B to $135B; META drops 6%+ after hours
Meta Platforms Inc. raised its spending outlook for the year, extending its streak of plowing historic levels of investment …
Bloomberg Riley Griffin
Related Coverage
- Meta Raises 2026 Capex Forecast to as Much as $145 billion The Information · Jyoti Mann
- Meta lifts capital expenditure forecast, doubling down on AI push Reuters · Jaspreet Singh
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- Meta Platforms Tops Expectations In Q1, Shares Slide As Company Raises 2026 CapEx Guidance Benzinga · Adam Eckert
- Meta Reports Big Revenue Jump and Projected Spending Increase Wall Street Journal · Meghan Bobrowsky
- Meta stock slips more than 6% after hours on raised capital expenditure guidance Investing.com · Anuron Mitra
- Meta Q1 Revenue Soars 33% in Q1, Net Profit Hits $26.8 Billion Ahead of Mass Layoffs Variety · Todd Spangler
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- Meta stock drops as capex, user growth numbers come in below Wall Street estimates CNBC · Jonathan Vanian
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- Meta Earnings Are Coming. Capital Spending Is the Focus. Barron's Online · Adam Levine
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- Meta Shares Plunge as AI Investments Raise Spending Outlook Bloomberg
- Meta beats revenue expectations, boosts capital spending forecast for 2026 Associated Press · Kaitlyn Huamani
- Meta shares drop as Zuckerberg plans $145bn AI spending spree Telegraph · Matthew Field
- Meta Q1 2026 earnings: AI capex raised to $145B Quartz
- Meta's business is growing FAST. 2026 CapEx outlook increased to $125B-$145B. HOWEVER, Total Expenses outlook remained unchanged ($162B-$169B), while Operating Income is expected to be above 2025 operating income. I think “year of efficiency” is gonna continue even stronger. @mwi.invest
- Meta shares fall up to 7% on increased spending plans, user growth concerns CNBC-TV18 · Hormaz Fatakia
- Meta's AI investments are costing way more than VR, and investors aren't happy about it Android Central · Nicholas Sutrich
- Meta shares fall as AI spending jumps and child safety risks mount Capital Brief
Discussion
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@mikeisaac
Rat King
on x
oh lol this is why meta stock is falling — they absolutely fucken love burning cash on AI [image]
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@munster_gene
Gene Munster
on x
$META is down 6% because of the capex guide. Deja vu: We saw this when they reported Sep-25. Capex is expected to grow this year by 94%, vs. the Street was expecting 76%. My take: I continue to be surprised by investors negative capex reaction. We have enough datapoints from
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@supbagholder
@supbagholder
on x
Everytime $META increases capex guide, it's telling you it expects higher operating cash flow. But continue selling.
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@ericjackson
Eric Jackson
on x
CapEx came in BELOW expectations for all Mag 7 names tonight — except META who raised above
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@munster_gene
Gene Munster
on x
$META Daily Active People was 3.56B, up 4%. hats a step down from 6.9% in Dec, vs. 7.6% in September and 6.4% in June and 5.9% in March, 5.0% in Dec 24 and 4.8% in Sep 24. My take: it's good but not great. Would have liked to have seen more of a step up given Meta AI search
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@rihardjarc
Rihard Jarc
on x
$META earnings: - Revenue up 33% YoY! - EPS $10.44 (est $6.67) - Q2 rev guidance $60 B (inline with expectations) - CapEx guidance up from $115 - $135 B to $125-$145B The rise in CapEx guidance may not be to the market's liking, but it's not surprising to me; Zuck always goes
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@danielnewmanuv
Daniel Newman
on x
$META with a huge EPS beat and a capex raise. Zuck has been clear that he doesn't have enough compute.
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@mikeisaac
Rat King
on x
a brief interlude to say meta earnings are fucken insane from a shareholder POV 33 percent increase in revenue! 35 percent increase in costs! 61 PERCENT increase in NET INCOME YoY bonkers [image]
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r/technology
r
on reddit
Meta's Reality Labs lost over $4 billion in first quarter / The Reality Labs unit has now accumulated over $80 billion in total operating losses since late 2020.
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@munster_gene
Gene Munster
on x
$META grew revenue up 33% vs. 31%. For the June quarter, they effectively guided to $61B in revenue, up 28% vs. the just reported 33%. My take: Still impressive growth off of hard comps.
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@garymarcus
Gary Marcus
on x
Sheer insanity. Amazon, Google, Microsoft, and Meta collectively are spending more money than the Manhattan Project *every single month*. More than 12x the Manhattan Project every year. And what they have got to show for it? None are making major profits on AI; none has a tec…
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@munster_gene
Gene Munster
on x
$META CFO would not comment on capex for 2027, but said they believe compute is increasingly important. My take: This rhymes with Google's comment tonight that they expect capex next year to be up “considerably” The Street is expecting Meta capex to grow at 9% in 2027. I expect…
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@hedgeyecomm
@hedgeyecomm
on x
I am sorry... hate on $META all you want. But Zuck has the right messaging and strategy here. Not just in the AI agent thesis, but on the personalized content recommendation.
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@supbagholder
@supbagholder
on x
Meta's AI story is fundamentally different from the hyperscalers. When growth inevitably slows, cloud players (already ~30% margin buisinesses) will compete aggressively on price to defend market share. AI will becomes a margin compression story. Meta is the opposite.