Pressure Points: Meta 1Q'26 Earnings
From Pressure Points by Deepwater Asset Management
April 30, 2026 · 4 min
About this episode
The episode discusses Meta's 1Q'26 earnings, focusing on capital expenditure growth and revenue acceleration.
Meta can’t shake the capex bears. Growth of 33% was better than the whisper of 32%. Guided June to 28% vs. Street at 25%. Investors opted instead to focus on capex growth this year going to 93% growth compared to previous expectations of 73%. I see the concern overblown. Meta has shown they can meaningfully accelerate revenue from capex. March of 25 it was up 16%. This June it will grow 28% plus. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit deepwatermgmt.substack.com
Topics covered
- earnings report
- capital expenditure
- investor concerns
- revenue growth
- financial analysis
Keywords
- Meta
- earnings
- capex
- growth
- investors
- revenue
- financial analysis
Mentioned in this episode
Organizations: Meta
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