Meta is set to report second-quarter earnings tonight after market close, with analysts expecting revenue of approximately $60.23 billion and earnings per share of $7.14, according to Bloomberg consensus estimates.
The earnings report comes as investors scrutinize whether Meta’s massive artificial intelligence spending is translating into sustainable growth. Wall Street is watching closely to see if the company can maintain its advertising momentum while justifying its aggressive capital expenditure plans.
In the first quarter, Meta delivered strong results, reporting revenue of $56.31 billion, up 33 percent year-over-year, and earnings per share of $10.44, which beat analyst expectations of $6.67. However, the stock fell 5.6 percent the following day after the company raised its 2026 capital expenditure guidance to between $125 billion and $145 billion, signaling concerns among investors about the company’s AI infrastructure investments.
For Q2, analysts expect revenue growth of approximately 27 percent year-over-year, based on Visible Alpha estimates. The company previously guided for second-quarter revenue in the range of $58 billion to $61 billion when it reported Q1 results in April.
Meta’s capital spending plans have become a central focus for investors. The company justified the increased 2026 capex by emphasizing its ongoing artificial intelligence trajectory and compute needs, according to statements from management. The $125 billion to $145 billion guidance represents a significant increase from the company’s prior forecast of $115 billion to $135 billion announced in January.
The earnings call tonight will provide insight into how Meta’s advertising business is performing amid broader economic conditions, and whether management can offer clarity on the return on investment for its massive AI infrastructure buildout. Investors will be listening for any adjustments to the company’s full-year capex outlook and commentary on how AI capabilities are beginning to drive revenue growth across its platforms.
Sources
- Yahoo Finance — Q2 earnings expectations and Bloomberg analyst consensus estimates for revenue and EPS
- Meta Investor Relations — Q1 2026 results, including revenue of $56.31 billion and EPS of $10.44, plus 2026 capex guidance of $125-$145 billion
- Investopedia — Q2 revenue projection of $60.23 billion and analyst expectations for earnings per share
- TradingView — Q2 earnings estimates and prior quarter revenue figures
