Meta posts blockbuster profits and doubles down on AI capex despite Reality Labs losses

Capex jumps to power personal superintelligence

Meta called its Q1 a “milestone” as revenue rose 33% to $56.3 billion and net profit climbed 61% to $26.8 billion, though boosted by a one-time tax benefit. Still, the real story is the AI push: Meta raised 2026 capex guidance to $125–$145 billion to secure massive computing capacity, tied to custom chips and multi-year cloud deals.