Meta

Meta reported Q2 2026 revenue of $60.8 billion, up 28% year-over-year, driven by 14% growth in ad impressions and 12% increase in average price per ad. Operating income declined 8% to $18.8 billion as costs surged 55% to $42.0 billion, including $2.4 billion in legal charges and $1.2 billion in severance from a May headcount reduction. Net income fell 14% to $15.8 billion and diluted EPS declined to $6.18 from $7.14. The company returned $1.4 billion in dividends and deployed $31.1 billion in capex. Family of Apps operating margin compressed to 39% from 53%, while Reality Labs losses widened modestly to $4.6 billion. For Q3 2026, management guided revenue of $61–64 billion; full-year 2026 expenses now expected $165–169 billion; capex guidance raised to $130–145 billion; and effective tax rate adjusted to 15–17%.