Quick Read – META’s capex nearly doubled to $145B in one cycle while free cash flow fell 19%, as CFO Susan Li admitted the company keeps underestimating compute needs. – Meta’s Q1 EPS of $10.44 included a $3.13-per-share tax benefit, pushing underlying earnings closer to $7.31…
d masking true profitability. – The analyst who called NVIDIA in 2010 just named his top 10 stocks and Meta wasn’t one of them. Get them here FREE
Meta Platforms (NASDAQ:META) at $622.98 looks stretched on any rally toward $650, where the math behind its escalating AI capital bill stops working in shareholders’ favor. The stock has spent six months stuck in a corridor, and one structural concern overshadows an otherwise strong operating story. Meta runs the largest advertising network on the open internet, reaching 3.56 billion daily active people across Facebook, Instagram, WhatsApp, and Messenger.
Advertising drove $55.02 billion of Q1 2026 revenue. Shares are down 5.54% year to date and 6.29% over twelve months even as revenue accelerated to 33.1% YoY last quarter. Why Bulls Want Every Dip Q1 2026 produced a fifth straight EPS beat, with EPS of $10.44 against $6.66 consensus and revenue of $56.31 billion.