Pressure Points: Meta 1Q'26 Earnings
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
More episodes of Pressure Points
- Pressure Points: WWDC Keynote 2026
- Pressure Points: NVIDIA 1Q'27 Earnings
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- Pressure Points: Google 1Q'26 Earnings
- Pressure Points: Microsoft 3Q'26 Earnings
- Pressure Points: Amazon 1Q'26 Earnings
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