Meta reports 28% revenue growth as AI spending pressures profit
Filed with the SEC on · Summarized by InvestorsBot
Meta reported second-quarter 2026 revenue of $60.80 billion, up 28% year over year, while net income fell 14% to $15.85 billion and diluted EPS declined to $6.18 from $7.14. Costs rose 55% to $42.03 billion, including $2.40 billion in legal charges and $1.18 billion in severance, while capital expenditures reached $31.08 billion; Meta expects third-quarter revenue of $61–64 billion and 2026 capital expenditures of $130–145 billion.