Meta Platforms, Inc. (META) Earnings Call Summary — June 2026 quarter
Meta owns Facebook, Instagram, WhatsApp and Messenger, making money almost entirely from advertising.
Meta Platforms, Inc. (META) reported its June 2026 quarter 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 4 of its last 5 scored quarters. Highlights from management's remarks on the call are below.
Key highlights from the call
Chief Executive Officer: “We had a strong quarter for our community and business with 3.6 billion people using at least one of our apps each day.”
Chief Financial Officer: “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.”
Chief Executive Officer: “The question in thinking about this is we believe that there will continue to be a significantly higher margin on selling intelligence rather than selling compute directly.”
Chief Financial Officer: “Brian, on your second question, we aren't providing a specific outlook for 2027 CapEx at this time.”