Meta posts double-digit revenue and profit growth, raises capex outlook on expanded AI investment

Meta’s Q1 2026 revenue climbed 33% year over year to $56.3 billion, while net income rose 61% to $26.8 billion.

The Family of Apps ad business drove the beat, with ad sales up 33%; Reality Labs still posted a large operating loss.

Meta raised its 2026 capex outlook to $125 billion-$145 billion from $115 billion-$135 billion.

The higher spending plan reflects rising component costs and ongoing investment in AI infrastructure, data centers, and model training.