Meta Platforms Eyes Q1 Earnings Beat as AI Monetization Peaks, Shares at $669 Premarket

Meta Platforms Inc faces Q1 2026 earnings after April 29 close, with analysts forecasting $55.5B revenue (+31% YoY), $6.7 EPS, and 90% beat odds amid accelerating AI ad tools and Reels at $50B run rate. Coverage kicked off April 27 with $55.36B consensus and $837 target, shifted April 28 to $54.36B ad revenue, 18% impression growth, $10B AI video run rate, but flagged $135B capex and U.S. download drops. April 29 previews spotlight capex $115-135B, layoffs, and guidance as pivotal, with shares up 17% in April to $669 premarket testing AI thesis.