Meta shares fall more than 6% after hours after raising 2026 capex forecast

Meta shares fell more than 6% in after-hours trading on April 29, 2026, after the company raised its 2026 capital expenditure range to $125 to 145 billion from $115 to 135 billion. The quarter beat estimates, with revenue of $56.31 billion, up 33%, so the drop reflects investor concern about AI spending rather than the results.

• Shares down more than 6% in after-hours trading on April 29
• Trigger: capex range raised to $125-145B from $115-135B
• Q1 revenue $56.31B, up 33%, beat estimates