Meta Reports Strong Revenue Growth but Raises Capital Expenditure Guidance
Meta Platforms (META) reported a 33% revenue growth in the first quarter of 2026, but raised its capital expenditure (capex) guidance to $125 billion to $145 billion for the year, up from the previous range of $115 billion to $135 billion. The increase is attributed to higher component pricing and additional data center costs. While the growth is impressive, the increased spending may raise concerns about long-term profitability.
Tickers: $META
Topics: AI investment capital expenditures earnings report growth rate Meta Platforms metaverse