Meta reported stronger-than-expected Q1 2026 revenue and earnings, then raised its full-year capital spending outlook on higher AI infrastructure costs.

Meta Platforms reported stronger-than-expected first-quarter 2026 results on Wednesday and raised its full-year capital spending outlook, a move that drew attention to the company’s growing AI infrastructure bill.

The company said revenue for the quarter was $56.31 billion, up 33% from a year earlier. Diluted earnings per share came in at $10.44, up 62% year over year.

Meta also said it now expects 2026 capital expenditures, including principal payments on finance leases, to range from $125 billion to $145 billion. That is up from prior guidance of $115 billion to $135 billion.

The company said the higher spending outlook reflects higher component pricing and additional data center costs. AP and Bloomberg reported that Meta shares fell in after-hours trading after the update.

The earnings release came after market close on April 29 and was the latest signal that Meta continues to pour more money into the infrastructure needed to support its AI push. Investors will be watching the company’s conference call and any further detail on how quickly those spending plans will ramp through the rest of the year.

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