Meta publishes transcript of Q1 2026 earnings call
Meta Platforms
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- Meta held Q1 2026 results conference call on April 29 with CEO Mark Zuckerberg and CFO Susan Li.
- Zuckerberg highlighted release of Muse family of models, including Muse Spark, with upgraded Meta AI under new Meta Superintelligence Labs.
- Management raised 2026 infrastructure capex outlook, citing higher component costs led by memory pricing.
- Li reported Q1 total revenue of $56.3 billion, up 33%, with Family of Apps ad revenue of $55 billion, up 33%.
- Li said Q1 capital expenditures including finance lease principal payments totaled $19.8 billion, free cash flow was $12.4 billion, with $81.2 billion cash and marketable securities.
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