Meta Platforms is set to report second-quarter 2026 earnings after market close on Wednesday, July 29, with Wall Street expecting the company to deliver revenue of roughly $60.2 billion and earnings per share of $7.19 to $7.23, according to consensus estimates.
The revenue projection represents about 27% year-over-year growth from the prior-year quarter, while the EPS estimate suggests earnings growth of less than 1% compared to the same period last year, according to analyst forecasts compiled by FactSet and Visible Alpha.
Meta has beaten earnings per share estimates for six consecutive quarters, and prediction markets assign an 87% probability of another beat when the company reports today, according to reports from July 25.
The options market is pricing in a stock swing of nearly 7% following the earnings announcement, reflecting the significant uncertainty around the company’s near-term direction and investor appetite for the results.
A central focus for investors will be whether Meta’s substantial artificial intelligence spending is translating into tangible business growth. In April, Meta raised its 2026 capital expenditure guidance to a range of $125 billion to $145 billion, up from the prior $125 billion guidance, citing rising component costs and AI infrastructure needs.
Meta’s first-quarter 2026 performance set a high bar for this report. The company reported Q1 revenue of $56.31 billion, up 33% year-over-year, with earnings per share of $10.44 beating analyst estimates of $6.67 by 57%, according to FactSet data from April 29.
Despite the strong Q1 result, Meta stock has declined nearly 10% year-to-date in 2026, raising questions about whether the market’s appetite for the company’s aggressive AI investments will hold as earnings growth slows relative to revenue expansion. Analysts will also scrutinize the company’s forward guidance for capital expenditures and any commentary on advertising trends in the face of economic uncertainty.
Sources
- Meta Investor Relations — Official announcement of Q2 2026 earnings release date and conference call timing
- FactSet — Analyst consensus estimates for EPS and revenue; Q1 2026 earnings data
- Visible Alpha — Revenue growth projections and year-over-year comparisons
- Yahoo Finance — Meta’s year-to-date stock performance and analyst ratings
- Seeking Alpha — Options market pricing and expected stock volatility post-earnings
- MarketBeat — Analyst focus areas and earnings call details
