Home Earnings Analysis Communication Services Summary Meta Platforms (META) posted a Q1 2026 diluted EPS of $10.44, boosted by an $8.03B one-time tax benefit. Excluding the tax benefit, META’s Q1 diluted EPS would have been 30% lower, highlighting limited operational EPS growth. Ad revenue remains dominant, with average price per ad up 12% YoY but ad volume flat; Reality Labs shows no meaningful revenue uptick. Raised 2026 capex guidance to $125–145B due to higher component costs, while inflation and supply disruptions pose near-term EPS risks. Derick Hudson/iStock Editorial via Getty Images After social media giant Meta Platforms, Inc. ( META ) released its Q1 results for its Fiscal Year (FY) 2026 on the 29th of April 2026, the stock dipped 10% despite its earnings per share (diluted) Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours.…