Meta Platforms (NASDAQ: META) reported second-quarter 2026 revenue of USD 60.80 billion, up 28% year-over-year, beating the Wall Street consensus of approximately USD 60.26 billion. However, a 55% surge in costs erased nearly all profit growth, with GAAP diluted EPS of USD 6.18 missing the USD 7.22 consensus by 14% — snapping a six-quarter streak of beats. Meta stock fell approximately 11% in after-hours trading, erasing roughly USD 15 billion from CEO Mark Zuckerberg's personal net worth.
TL;DR - Revenue USD 60.80B (+28% YoY), beat consensus; ad impressions +14%, avg price per ad +12% - GAAP EPS USD 6.18, missed USD 7.22 consensus by 14% — first miss in six quarters - Operating margin: 31% (vs 43% in Q2 2025), a 12 percentage-point collapse - Free cash flow: USD 784M (vs USD 8.55B YoY), down 91% as Q2 CapEx hit USD 31.1B - Q3 2026 guidance: USD 61B–USD 64B revenue (midpoint below Street consensus ~USD 63.2B) - FY2026 CapEx guidance raised to USD 130B–USD 145B (floor lifted from USD 125B) - META fell ~11% after-hours from close of USD 593.87
Part A — Q2 2026 Financial Results
Meta Platforms (NASDAQ: META) posted quarterly revenue of USD 60.80 billion for Q2 2026, up 28% year-over-year. Growth was driven by 14% higher ad impressions and 12% gains in average price per ad across Facebook, Instagram, and WhatsApp — a testament to continued strength in the core digital advertising business.
