Earnings Call
Apr 29, 2026
Q1 FY2026
EPS Estimate
6.67
EPS Actual
10.44
Post-Earnings Close
$611.91
Earnings Reaction
-8.6%
Meta's first quarter 2026 results came in ahead of expectations on both revenue and earnings, with total revenue of $56.3 billion rising 33% year-over-year and operating income of $22.9 billion representing a 41% operating margin. The headline EPS of $10.44 was substantially inflated by an $8.03 billion tax benefit reversing part of a prior-year noncash charge; on a normalized basis, EPS was $7.31, still comfortably ahead of the $6.71 consensus estimate. The quarter's financial performance was broad-based: ad impressions grew 19% globally, average price per ad rose 12%, and constant-currency revenue growth of 29% reflects genuine underlying demand rather than FX flattery, though currency did provide roughly a 4-point tailwind to reported growth.
Report generated on Apr 30, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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