Meta Q2 Profit Drops 14% as AI Capex Guidance Rises
Meta Platforms reported second-quarter 2026 results from Menlo Park showing strong revenue growth but weaker profitability as it ramped up artificial intelligence investment. Revenue rose 28% year-over-year to $60.8 billion, topping Wall Street forecasts, but net income declined 14% to $15.85 billion, or $6.18 per share, below analysts’ expectations of about $7.10. Results were pressured by a $2.4 billion charge for legal expenses and severance and sharply lower free cash flow, which dropped to $784 million. Meta raised 2026 capital expenditure guidance to $130–$145 billion and now expects total full-year expenses of $165–$169 billion, while user and advertising metrics continued to grow.
Prepared by Jonathan Pierce and reviewed by editorial team.
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Meta Q2 Profit Drops 14% as AI Capex Guidance Rises
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