Meta Platforms is expected to report Q2 2026 revenue of $60.26 billion and earnings of $7.23 per share, with its current stock price of $595.19 trading significantly below the average analyst price target of $825.00.
Investors are primarily focused on the company’s aggressive capital expenditure guidance, which currently stands at a massive $125 billion to $145 billion for the fiscal year.
While the core advertising business remains robust with high ad impression volume, the significant costs of building out AI infrastructure have begun to compress operating margins from their 2024 peaks. Wall Street is looking for definitive proof that this multi-billion dollar investment cycle is driving superior ad targeting and sustainable top-line growth.