Meta Reports Strong Q1 Revenue Growth and Raises AI CapEx Guidance

Meta Platforms reported robust Q1 results with revenue growing 33% to $56.31 billion, supported by a strong 82% gross margin that fuels its aggressive AI and R&D investments. While META shares fell 8% due to Reality Labs losses, the forward PEG ratio currently signals a growth discount relative to the company's projected expansion. Meta also raised its 2026 capital expenditure guidance to $125–$145 billion following the launch of its first Superintelligence Labs model. Meanwhile, O'Reilly (ORLY) surpassed earnings estimates, and T. Rowe Price (TROW) saw gains from increased Assets Under Management. Conversely, Pilgrim's Pride (PPC) missed estimates due to margin pressure despite a 1.6% sales increase, reflecting a complex earnings landscape.