Meta Q1 Earnings Preview: AI Expansion And Its Ad Business, Shares Fairly Valued

Meta Platforms is due to report Q1 results on Wednesday the 29th, coming off a record fiscal 2025 that included record Q4 sales and a guidance for sharply higher CAPEX through 2026. The preview highlights that META shares have been flat year-to-date but rallied about 13% over the past month. The author sees shares as reasonably priced into the print. Key market implications: the earnings release and commentary on AI investment and rising capital spending could drive volatility and reprice expectations around growth vs. margin trade‑offs; recent price momentum suggests the stock may be sensitive to any guidance changes.