Meta beats earnings as 2026 AI capex tops out at $135 billion

This year, Mark Zuckerberg is planning to write the kind of corporate check that can change a company’s personality. On Wednesday, Meta delivered a monster quarter — about $59.9 billion in revenue and $8.88 in EPS — and then budgeted 2026 like it plans to buy the future in bulk: $115 billion to $135 billion in capex, plus expenses heading toward $169 billion, as Meta keeps working to turn “superintelligence” into a procurement problem. Shares initially jumped about 10% in after-hours trading as investors ...