Meta Platforms, Inc. (META) Announced Q1 2026 Earnings on April 29, 2026, Reporting Q1 total revenue was $56.3 billion.

Meta Platforms, Inc. reported its first quarter 2026 financial results, stating "Q1 total revenue was $56.3 billion" and "Q1 total expenses were $33.4 billion". Management announced "First quarter operating income was $22.9 billion, representing a 41% operating margin". Furthermore, "Net income was $26.8 billion or $10.44 per share" and "Free cash flow was $12.4 billion" for the quarter.

The company also reported that "Q1 family of apps ad revenue was $55 billion".Key business updates centered on artificial intelligence and hardware, with CEO Mark Zuckerberg announcing "the release of our Muse family of models and our first model MuSpark along with a significantly upgraded new version of Meta AI". Zuckerberg highlighted the company's focus on "delivering personal and business agents to billions of people around the world" and advancing "personal Super Intelligence". On the hardware front, management noted continued strong growth in AI glasses revenue, having released "Ray-Ban Meta optics this quarter designed for all day wear".Advertising efficiency and engagement saw targeted improvements during the quarter. CFO Susan Li stated that "ranking improvements that we made in Q1 drove a 10% lift in real time spent" on Instagram.

The deployment of artificial intelligence across advertising systems also yielded positive results, with advances driving "a more than 6% increase in conversion rate for landing page view ads". The company noted that "Family of Apps Other revenue was $885 million," driven primarily by WhatsApp paid messaging and subscriptions.

Forward guidance provided by management expects "second quarter 2026 total revenue to be in the range of $58 billion to $61 billion". Management also forecasted "full year 2026 total expenses to be in the range of $162 billion to $169 billion". Due to expectations for higher component pricing, Meta increased its infrastructure outlook, anticipating "2026 capital expenditures including principal payments on finance leases to be in the range of $125 billion to $145 billion". To help offset these investments, management stated "we plan to reduce the size of our employee base in May".