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Q1 revenue for APPs Family was $55.91 billion, while analysts expected $55 billion. Q1 revenue for Reality Labs was $402 million, compared to analysts' expectations of $508 million. Q1 earnings per share (EPS) stood at $10.44, up from $6.43 in the same period last year. Full-year capital expenditure is projected to be $125 billion-$145 billion. Q2 revenue is expected to be $58 billion-$61 billion, while analysts anticipated $59.56 billion. Meta shares fell 5.32% in after-hours trading.Related articles:Meta's Q1 revenue was $56.31 billion, above analysts' expectations of $55.51 billion. Q2 revenue is expected to be $58 billion-$61 billion, while analysts expected $59.56 billion.

Golden Ten Data reported on April 30 that Microsoft (MSFT.O)'s cloud business revenue grew in fiscal Q3 2026, while the increase in expenses was lower than expected. Microsoft's capital expenditure in fiscal Q3 2026 increased by 49% to $31.9 billion, while institutions had previously expected $34.9 billion. The total capital expenditure for the second quarter was $37.5 billion. Azure cloud computing division's revenue for the quarter grew by 40% as expected, accelerating from the 39% increase in the previous three months. These results may help alleviate market concerns: previously, Microsoft's slow rollout of the Copilot365 assistant for enterprises and its heavy reliance on OpenAI were believed to have potentially weakened Microsoft's early lead in the AI race. In addition, this also helps justify data center expenditures — although such spending has put pressure on cash flow, major cloud service providers are expected to invest over $600 billion in AI infrastructure this year.

After analysis, this fluctuation was mainly attributed to the continued impact on user connectivity caused by large-scale network outages in the Iran region.