"This year, Mark Zuckerberg is planning to write the kind of corporate check that can change a company's personality. On Wednesday, Meta $META delivered a monster quarter - about $59.9 billion in revenue and $8.88 in EPS - and then budgeted 2026 like it plans to buy the future in bulk: $115 billion to $135 billion in capex, plus expenses heading toward $169 billion, as Meta keeps working to turn "superintelligence" into a procurement problem."
"Shares initially jumped about 10% in after-hours trading as investors digested the heady combination of stronger-than-expected results and an exceedingly bullish near-term revenue outlook - even with a spending plan that reads like an infrastructure bond prospectus. Wall Street may happily applaud a beat, but it will pay for a story - and Meta handed it one: strong advertising now, enormous AI buildout next, and enough confidence to promise that operating income in 2026 will land above 2025 even after the spending step-up."
Meta reported roughly $59.9 billion in revenue and $8.88 in EPS. The company budgeted $115 billion to $135 billion in 2026 capital expenditures and expects expenses toward $169 billion. The spending plan is presented as an AI and infrastructure buildout aimed at advancing personal superintelligence. Shares jumped about 10% after hours on the stronger-than-expected results and a bullish near-term revenue outlook. Q1 revenue guidance of $53.5 billion to $56.5 billion topped many expectations. The company forecasts operating income in 2026 above 2025 even after the planned spending increase. An October warning about larger 2026 capex without numbers previously triggered an about 8% after-hours stock decline.
Read at Quartz
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