Meta Platforms Earnings Preview: What to Watch in Q1 2026 Report

Meta Platforms reports Q1 2026 results after the close on April 29, with consensus revenue of $55.36 billion implying nearly 31% year‑over‑year growth and analysts forecasting adjusted EPS of $6.67. The market will watch whether Meta can extend its streak of sales beats and management’s Q2 guidance (street looking for about $59.6 billion, ~25% YOY) — guidance that will likely move the stock. Near‑term risks include advertiser pullback tied to the Iran‑U.S. conflict (which began Feb. 28) and higher legal costs from recent courtroom losses. Investors will also seek clarity on monetization plans for the Muse Spark AI model, which helped fuel a >25% rally from late‑March lows.