Meta reported second quarter 2026 revenue of $60.80 billion, up 28% year-over-year, beating analyst estimates. However, diluted earnings per share fell 13% to $6.18, missing expectations due to a significant increase in operating expenses.
Key Highlights
- Revenue growth was driven by a 14% increase in ad impressions and a 12% rise in average price per ad across the Family of Apps.
- Operating margin compressed to 31% from 43% a year ago, as total costs and expenses surged 55%, including $2.40 billion in legal charges and $1.18 billion in severance expenses.
- Management guided for third quarter revenue between $61-64 billion and narrowed its full-year 2026 capital expenditure forecast to a range of $130-145 billion.