Meta Raises 2026 Capital Spending to $130 Billion, Misses Profit, Shares Drop 10%
Meta posted second-quarter revenue of $60.8 billion, beating estimates, but reported an earnings per share of $6.18 against a $7.22 consensus estimate. The company narrowed and raised the lower end of its full-year capital expenditure guidance to $130 billion–$145 billion, citing accelerated infrastructure spending for artificial intelligence model training.
Operating expenses surged 55% year-over-year to $42 billion, compressing profit margins to 31% and capping free cash flow at $784 million. Shares fell more than 10% in after-hours trading as investors weighed the profit miss and heightened infrastructure outlays. Chief executive Mark Zuckerberg noted that outside firms are bidding at significant premiums for Meta's idle compute capacity, but the company plans to retain the hardware to power internal AI products and enterprise services.
From the sources (25 posts)
@stockmktnewzMeta Platforms $META just said it plans to spend between $130B - $145B on CAPEX this year compared to its prior guidance of between $125B-$145B
@rihardjarc$META earnings are out: - Revenue $60.8B, up 27% YoY - Ad prices + 12% YoY, Ad impressions +14% YoY - Q3 revenue guidance $61-$64B
@trendspider$META DUMPS ON AN EARNINGS MISS AND INCREASED CAPEX 🩸 2026 CAPEX $130B - $145B est ❌ Q2 EPS: $6.18 vs $7.13 est ✅ Q2 REV: $60.801B vs $59.495B est 🟥 -7.18%
@stocksavvyshay$META Q2 EARNINGS • Revenue $60.8B vs Est. $60.3B • EPS $6.18 vs Est. $7.22 • FCF $784M vs Est. ($848M) Q3 Guidance • Revenue $63B vs Est. $63B FY26 Guidance • CapEx $138B vs Est. $135B
@kobeissiletterBREAKING: Meta stock, $META, crashes over -9% after reporting weaker than expected earnings.
@zerohedge*META SEES FY CAPEX $130B TO $145B, SAW $125B TO $145B CDS limit up you say?
@financialjuice🔴$META Meta Q2 Earnings & Q3 Guidance EPS $6.18 vs. $7.14 y/y Revenue $60.80B, est. $60.24B Sees Q3 Revenue $61B–$64B, est. $63.17B Operating Income $18.78B, -8.2% y/y Advertising Revenue $59.36B, est. $59.07B Family of Apps Revenue $60.37
@yahoofinance$META Q2 earnings 💵 Revenue: $60.8B vs $60.24B expected 💲 EPS: $6.18 vs $7.14 expected 💸 Full-year capex: $130B to $145B vs $125B to $145B previously
@negligible_cap*META SEES FY CAPEX $130B TO $145B, SAW $125B TO $145B More capex for $META
@tradfi*META SEES FY TOTAL EXPENSES $165B TO $169B, SAW $162B TO $169B $META
@tradfi*META SEES FY CAPEX $130B TO $145B, SAW $125B TO $145B $META
@stockmktnewzMETA PLATFORMS $META JUST REPORTED EARNINGS EPS of $6.18 missing expectations of $7.18🔴 Revenue of $60.8B beating expectations $60.2B🟢
@tradfi*META 2Q EPS $6.18 VS. $7.14 Y/Y *META 2Q REV. $60.80B, EST. $60.24B $META
@cointelegraph🚨 LATEST: $META has fallen for nine straight trading days.
@polymarketJUST IN: Meta now expects to spend at least $130,000,000,000.00 on capital projects in 2026 — stock plunges 9% after-hours.
@wallstengine$META Platforms Q2’26 Earnings Highlights 🔹 Revenue: $60.8B (Est. $60.17B) 🟢; +28% YoY 🔹 EPS: $6.18 (Est. $7.22) 🔴; -13% YoY 🔹 DAP: 3.60B (Est. 3.61B) 🟡; +3% YoY 🔸 FY26 CapEx: $130B-$145B, from $125B-$145B Guide: 🔹 Q3 Revenue: $61B-$64B (
@coindeskNEW: $META shares fell about 5% in after-hours trading after reporting Q2 earnings that missed Wall Street's profit expectations.
@eric_seufertMeta $META down 6% after reporting Q2 earnings. The company beat on revenue ($60.8BN vs. $60.2BN), but its Q2 EPS and Q3 revenue guidance fell short of expectations. Advertising revenue grew by 28% to just under $60BM, with both impression
@kalshiBREAKING: Meta releases Q2 earnings • EPS: $6.18 vs $7.22 est • Revenue: $60.8B vs $60.3B est $META -6% after-hours
@techmemeMeta reports free cash flow of $784M in Q2, down 91% YoY, and now expects 2026 capex to be $130B-$145B, compared with its prior forecast of $125B-$145B (Reuters) (Visit Techmeme dot com for the link and full context!)
@firstadopterMeta CEO Mark Zuckerberg: "We're getting a lot of offers for compute at a significant premium over what we paid for it"
@hedgiemarkets🦔Meta just reported Q2 earnings. Revenue was $60.8 billion, up 28%, and beat estimates. But costs grew 55%, more than double the revenue growth. Operating margin fell from 43% to 31%. EPS came in at $6.18 against estimates of $7.22, a 14% m
@jackfarley96Meta CapEx raise very anemic... from 125-145 Billion range to 130 - 145 Billion. I was wrong, about Meta
@jackfarley96Just a really terrible quarter from $META Costs up 55%, revenues up 28%, income from operations down 8%
@stocksavvyshay$META advertising business remains excellent with revenue up 28%, ad impressions rising 14% and average price per ad increasing 12% as AI improves engagement and ad performance. The concern is FCF fell to $784M despite ~$32B in operating c