Meta Q1 2026: $56.3B Revenue (+33%), $26.8B Net Income, Raises AI CapEx to $125-145B While Planning 8,000 Layoffs and ~20% Total Headcount Reduction

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Meta reported Q1 revenue of $56.3B (beating $55.5B estimate), net income of $26.8B, and raised full-year AI capital expenditure guidance to $125-145B (up from $115-135B) — the largest single-company AI infrastructure commitment ever announced. Simultaneously, Meta confirmed 8,000 layoffs (10% of workforce) beginning May 20, with internal guidance suggesting up to 20% total headcount reduction across 2026, redirecting compensation to AI research. For builders: Meta's $125-145B CapEx means massive open-source model investment continues (Llama ecosystem) — plan for increasingly capable open models throughout 2026.