Overview
- Revenue reached about $59.9–$60 billion with earnings of $8.88 per share, topping Wall Street expectations.
- Capital spending for 2026 is guided to $115–$135 billion, up from $72 billion in 2025, targeting AI-related cloud, infrastructure, and labor.
- First‑quarter sales are projected at $53.5–$56.5 billion, ahead of consensus and pointing to the fastest growth rate in years.
- Daily active users rose 7% to roughly 3.58 billion as ad impressions increased 18% and average price per ad climbed 6%, with new generative AI tools rolled out for advertisers.
- Shares jumped following the report, and Cantor Fitzgerald lifted its price target to $860 while noting heavier capex could pressure margins even as operating income expands.