Meta Platforms, Inc. (META) Earnings Call Summary — Q2 FY26
Meta owns Facebook, Instagram, WhatsApp and Messenger, making money almost entirely from advertising.
Meta Platforms, Inc. (META) reported Q2 FY26 results on July 29, 2026. Earnings per share came in at $6.18 against a $7.19 consensus, so the company missed on the bottom line. Revenue of $60.80B landed above the $60.22B estimate. META has beaten consensus EPS in 7 of its last 8 reported quarters. Highlights from management's remarks on the call are below.
Key highlights from the call
CEO: “We had a strong quarter for our community and business with 3.6 billion people using at least one of our apps each day.”
CFO: “Q2 total Family of Apps revenue was $60.4 billion, up 28% year-over-year.”
Analyst (Morgan Stanley): “And then Susan, there's been some public comments about capacity in '27 and doubling capacity, and I appreciate your color about CapEx.”
CEO: “When thinking about this, we believe there will continue to be a significantly higher margin on selling intelligence rather than selling compute directly.”
CFO: “Brian, on your second question, we aren't providing a specific outlook for 2027 CapEx at this time.”
What moved the stock
META reported Jul 29. The highlights: EPS of $6.18 — a miss vs the $7.19 estimate (-14%); revenue of $60.80B — in line with the $60.22B consensus. Focus now shifts to ad pricing, Reels/AI monetization, and spending discipline.