Meta 1Q26 Results: AI Is Driving Ads, But Capex Is Getting More Expensive
The key question from Meta’s 1Q26 report is not whether AI is working.
It already appears to be showing up in the ad business:
Revenue: US$55.0bn, +33% YoY
Operating income: US$22.9bn, +30% YoY
Ad impressions: +19%, pricing: +12%
But the other side of the story is capex.
Meta raised FY26 capex guidance to US$125–145bn, mainly due to AI infrastructure and data centre investment.
So the real debate may be shifting from AI demand to:
Can the returns justify the spending?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- Kayden0504·05-05 23:33Why has meta been so low1Report