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Earnings Callsⓘ
Q2 2026August 7, 2026
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Overview: Q2 results met expectations, with strong revenue but profits weighed down by heavy investment and one-time charges.
Key data: Revenue of $60.8B, up 28% YoY; advertising revenue of $59.4B, up 27%; EPS of $6.18.
Business progress: 3.6B daily active users, with Instagram reaching 2B DAU. AI has significantly improved recommendation and advertising efficiency—9M small businesses are using AI creative tools; Meta Business Agent launched globally, and the company is co-building a 1GW data center with BlackRock.
Guidance: Q3 revenue guidance of $61–64B; full-year CapEx raised to $130–145B, with expenses raised to $165–169B.
Risk signals: Free cash flow plunged to $784M, with expenses up 55% YoY; AI capital expenditure is surging, and legal and regulatory litigation risks remain a significant uncertainty.