Meta Q1 2026 Earnings Results:
Total revenue reached 56.311 billion US dollars, representing a year-over-year increase of 33%.
Diluted earnings per share were 10.44 US dollars (compared to 6.43 US dollars in the previous period), reflecting a year-over-year growth of 62%.
Net profit amounted to 26.773 billion US dollars, marking a year-over-year increase of 61%.
The Family of APPs generated revenue of $55.909 billion, representing a 33% year-on-year increase, while Reality Labs reported revenue of $402 million, reflecting a 2% year-on-year decline.
The daily active users of the Family App reached 3.56 billion.
Performance guidance:
The company forecasts total revenue for the second quarter of 2026 to range between 58 billion and 61 billion US dollars. At current exchange rates, foreign exchange is expected to provide a tailwind of approximately 2% to year-over-year total revenue growth.
The projected total expenditure for the full year 2026 is estimated to be between 162 billion and 169 billion US dollars, unchanged from the previous outlook.
Capital expenditures for 2026 (including principal repayments under finance leases) are anticipated to range between 125 billion and 145 billion US dollars, revised upward from the prior range of 115 billion to 135 billion US dollars, primarily reflecting higher component price expectations and additional data center costs this year.
The tax rate for the remaining quarters of 2026 is forecasted to fall within the range of 13% to 16%.
Mark Zuckerberg, Founder and Chief Executive Officer of Meta, stated:
We have reached a milestone quarter with robust growth across our applications and the release of the first model from Meta's Super Intelligence Lab. We are steadily advancing toward our goal of providing personal superintelligence to billions of people.
Editor/Liam