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EarningsQ2 2026 Earnings Report
META Q2 2026 EPS Results
Actual EPS$6.18
Consensus EPS$7.19
Beat/MissMissed by -$1.01
One Year Ago EPS$7.14
META Q2 2026 Revenue Results
Actual Revenue$60.80B
Expected Revenue$60.22B
Beat/MissBeat by +$577.36M
YoY Revenue Growth+27.96%
Earnings Announcement Details
QuarterQ2 2026
Date07/29/2026
TimeAfter Close
Conference CallWednesday, July 29, 2026
META Upcoming Earnings
Meta Platforms's next earnings date is estimated for October 28, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
META Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong top-line growth, broad AI-driven product momentum (large-scale model releases, rapid adoption by users and businesses), and multiple new monetization vectors (business agents, subscriptions, APIs). These positives are balanced by substantial near-term expense and capital intensity — including $2.4B of legal charges, $1.2B severance, a 55% YoY increase in operating expenses, heavy quarterly CapEx ($31.1B) and modest free cash flow — along with ongoing legal and infrastructure supply risks. Management emphasized that some costs are investments to scale AI, and adjusted results (excluding one-time legal/severance) show operating income improvement, supporting a constructive outlook despite notable near-term headwinds.Company Guidance
Large and Growing Daily Active User Base
3.6 billion people used at least one Meta app each day; Instagram reached 2.0 billion daily actives; Facebook has >2.0 billion daily actives; Threads crossed 500 million monthly actives (fastest-growing conversation app).
Strong Revenue Growth — Family of Apps & Consolidated
Q2 Family of Apps revenue was $60.4B, up 28% year-over-year; Q2 total consolidated revenue was $60.8B, up 28% (27% constant currency).
Robust Ad Business Performance
Q2 Family of Apps ad revenue $59.4B, up 27% year-over-year (26% constant currency); ad impressions increased 14% and global average price per ad rose 12% year-over-year, contributing to faster year-over-year ad revenue growth than peers.
Rapid Adoption of AI and New Models
Since integrating Muse Spark, daily interactions with the assistant increased 60%; new models released include Muse Spark 1.1, Muse Image and Muse Video; Muse Spark is available via public API and on OpenRouter (U.S. developers).
Growing AI Tools Adoption by Businesses
9 million small businesses are using at least one AI ad creative tool; Advantage+ solutions reached over $75B annual revenue run rate; over 1 million businesses use Meta business agents weekly (global rollout on WhatsApp and Messenger underway).
Monetization Expansion Beyond Ads
Family of Apps other revenue reached $1.0B in the quarter, up 73% year-over-year, driven primarily by WhatsApp paid messaging and subscriptions; launched Meta One subscription and a high-intelligence model API for developers/enterprises.
Product & Hardware Momentum
Launched new glasses (first to ship with Muse Spark out of the box); Reality Labs revenue grew 16% year-over-year to $431M driven by AI glasses despite lower Quest headset sales; early glasses sales exceeded expectations.
Operational and Strategic Investments
Announced strategic venture with BlackRock to develop a 1 GW data center in El Paso; Q2 capital expenditures were $31.1B (servers, data centers, network) as Meta positions for AI-driven growth and enterprise opportunities.
Solid Profitability Metrics (Adjusted)
GAAP net income was $15.8B ($6.18 per share). Excluding the Q2 legal charges and severance, operating income would have increased 9% year-over-year, indicating core operating strength after adjusting for one-time items.
Positive Forward Guidance
Q3 2026 revenue guidance of $61B–$64B; company expects 2026 operating income to be above 2025 operating income and narrowed full-year CapEx guidance to $130B–$145B.
META Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed