Meta Platforms Q2 2026 Earnings Report
Meta Platforms (NASDAQ: META) reported a revenue of $60.8 billion for Q2 2026, marking a 28% year-over-year increase. However, earnings per share fell 13% to $6.18, and free cash flow plummeted 90% to $784 million, raising investor concerns. The company’s capital expenditures reached $31 billion in the quarter, as it invests heavily in building data centers and a range of AI initiatives.
CEO Mark Zuckerberg outlined plans for new personal and business AI agents and indicated Meta’s capacity to sell AI compute directly to other companies. Despite the ambitious vision, Meta’s Reality Labs division incurred a loss of $4.6 billion this quarter, highlighting ongoing challenges in monetizing its metaverse investments.
Investors remain cautious as the full-year capex guidance has risen to $138 billion, leading to concerns over potential negative free cash flow in the future. Currently, Meta holds over $90 billion in cash and marketable securities, but Wall Street is questioning when the company’s significant investments will begin to yield returns.
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