Meta guides Q2 2026 revenue to $58-61B and raises 2026 capex to $125-145B

Meta META Advertising AI infrastructure and data centers Family of Apps Susan Li Reality Labs

In the same April 29 release Meta guided second-quarter 2026 revenue to $58 to 61 billion and raised its 2026 capital expenditure range to $125 to 145 billion from $115 to 135 billion, citing higher component pricing and, to a lesser extent, data center costs. Full-year 2026 total expenses stayed at $162 to 169 billion, and the company still expects 2026 operating income above 2025. Coverage tied the next day's stock drop to the capex increase.

Q2 2026 revenue guided to $58-61B
2026 capex raised to $125-145B from $115-135B
2026 total expenses unchanged at $162-169B
2026 operating income expected above 2025 levels

META around the story · hourly24 h reaction ▼ 8.88%

Moves this explains

META−7.37%Apr 28 · Meta fell 7.37% on the day it reported Q1 2026 results and guided Q2 revenue to $58-61B while raising 2026 capex to $125-145B. The S&P 500 was up only 0.14% that day, so the drop is attributed to the guidance and higher spending outlook.

Source

Meta Investor Relations

Apr 29, 2026

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