Meta Platforms Inc.Strong earnings beat, raised capex guidance, and robust cash flow.

Meta Platforms reported first-quarter 2026 revenue of $56.31 billion, a 33.08% year-over-year increase, driven by a 19% rise in ad impressions and a 12% increase in average price per ad. The company posted an 82% gross margin, a 41.44% operating margin, and earnings per share of $10.44, beating consensus by 56.79%. Meta raised its 2026 capital expenditure guidance to between $125 billion and $145 billion, funded by $115.8 billion in fiscal 2025 operating cash flow rather than debt, while Reality Labs recorded a $4.03 billion quarterly loss. The balance sheet remains strong with a debt-to-equity ratio of 0.386 and interest coverage of 71.48 times, and the company returned $26.25 billion to shareholders through buybacks in 2025 alongside $1.35 billion in quarterly dividends.
Meta Platforms Inc.Strong earnings beat, raised capex guidance, and robust cash flow.
Alphabet Inc Class C
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