Meta Platforms

Q2 FY2026 EarningsQ2 FY26 revenue reached $60.80B, slightly beating the $60.29B consensus, driven by a 14% increase in ad impressions and a 12% rise in average ad price. However, Diluted EPS of $6.18 significantly missed the $7.22 expectation (-14.4%) due to a $2.4B one-time legal charge and accelerated AI infrastructure spending, which pushed R&D expenses up 67% YoY. Full-year FY26 CapEx guidance was narrowed to a staggering $130B-$145B, signaling continued aggressive investment in AI despite Reality Labs contributing a $4.62B operating loss this quarter.