Meta Platforms (NASDAQ: META) is trading at $583.68, having dipped beneath the rising trendline on the 4-hour chart. Meta posted Q1 2026 earnings on April 29 with total revenues of $56.31 billion, a 33% surge from the same period a year ago. Advertising revenues came in at $55.02 billion, with ad impressions up 19% and the price per ad increasing 12%. AI tools enhanced the ad conversion rate by over 6%. Meta lifted its full-year 2026 capital expenditure projection to $125 billion to $145 billion. Operating income was $22.87 billion at a 40.6% margin, net income was $26.8 billion, and GAAP EPS was $10.44 with an additional $8.03 billion of EPS provided by an income tax benefit. Family DAU of 3.56 billion rose 4% YoY but fell over 5% sequentially from Q4 2025, the first decline in the metric ever, due to internet outages in Iran and an ad block in Russia. Q2 revenue guidance is between $58 billion and $61 billion.