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12 analysts' median target is $725[FMP target], stock is $557, +30.2% vs the analyst consensus median. After Q2 +-14.0% EPS beat[FMP earnings], the stock moved -8.0%.
B+ = MoonshotScore 57[multi-pillar formula] + Council 4/6[6-lens rule]. Form 4: 0 transactions[FMP Form 4].
Quick AnswerMeta Platforms, Inc. (META) Q1 consensus: revenue $63.2B[FMP est], EPS $6.84[FMP est]. 0 consecutive quarters of beat[FMP earnings].
Q2 EPS +-14.0% beat[FMP] but the stock -8.0% D+1[FMP D+1].
Watchlist
Fy2026 Expense Capex Outlook
fy2026_expense_capex_outlook
Meta raised its full year 2026 total expense outlook to a range of $165 billion to $169 billion, while narrowing its capital expenditures outlook to a range of $130 billion to $145 billion.
"We now expect full year 2026 total expenses to be in the range of $165 billion to $169 billion. We anticipate 2026 capital expenditures, including principal payments on finance leases, to be in the range of $130 billion to $145 billion, narrowed from our prior outlook of $125 billion to $145 billion."
- Susan Li, CFO - Q2 FY26 Earnings Call - July 29, 2026
Q3 2026 Revenue Guidance
q3_2026_revenue_guidance
Meta expects third quarter 2026 total revenue to be in the range of $61 billion to $64 billion, anticipating foreign currency to be an approximately 1% headwind to year-over-year total revenue growth.
"We expect third quarter 2026 total revenue to be in the range of $61 billion to $64 billion. Our guidance assumes foreign currency is an approximately 1% headwind to year-over-year total revenue growth based on current exchange rates."
- Susan Li, CFO - Q2 FY26 Earnings Call - July 29, 2026
Aggressive Ai Capex
aggressive_ai_capex
Meta is aggressively investing in infrastructure, including a new 1 gigawatt data center venture with BlackRock, to meet AI demand and maximize 2026-2027 capacity.
"Yesterday, as part of our Meta Compute effort, we announced a new strategic venture with BlackRock to develop a new 1 gigawatt data center in El Paso, Texas. Overall, we expect that a significant portion of our compute is going to go towards training our models, growing our core business and delivering personal agents and new products."
- Mark Zuckerberg, CEO - Q2 FY26 Earnings Call - July 29, 2026
New Ai Products Monetization
new_ai_products_monetization
Meta is actively commercializing its AI products by creating new revenue streams through personal and business AI agents, Meta One subscriptions, and the Muse Spark API.
"Two additional revenue streams are subscriptions and monetizing our competitive models through an API. Meta One is an evolution of our subscription portfolio to create more value for everyday users, businesses and creators so they get more features and AI tools to create, connect and stand out. We also recently launched a high intelligence model API at a competitive price and are encouraged by the initial results."
- Susan Li, CFO - Q2 FY26 Earnings Call - July 29, 2026
Ai Core Business Acceleration
ai_core_business_acceleration
Meta's AI investments are significantly accelerating its core business, driving faster ad revenue growth than any other company.
"And on a dollar basis, our ads business is reporting faster year-over-year revenue growth than any other company's reported ad business. So these AI investments are paying off."
- Mark Zuckerberg, CEO - Q2 FY26 Earnings Call - July 29, 2026
Meta Glasses Muse Spark
meta_glasses_muse_spark
Meta Glasses continue to be one of the company's fastest-growing consumer electronics, showing strong early sales exceeding expectations with Muse Spark integration and a Kylie Jenner collaboration.
"Our glasses remain one of the fastest-growing consumer electronics of all time, and we continue adding to the lineup. We just released our own line of Meta Glasses in collaboration with EssilorLuxottica, including a style that we designed with Kylie Jenner. They're the first glasses to ship with Muse Spark out of the box so that they can understand what you're seeing and give even more helpful answers. Early sales have been strong, exceeding our expectations..."
- Mark Zuckerberg, CEO - Q2 FY26 Earnings Call - July 29, 2026
Stock Expert AI - Methodology
multi-pillar methodology. Revenue Growth and Gross Margin strong. Operating Leverage weak.
How is it calculated? ->6 investor frameworks. 4 bullish (Ray Dalio, Klarman, Buffett, Munger), 1 bearish (Ken Griffin), 1 neutral (Jim Simons).
How is it calculated? ->Quality business, discounted price.
How is it calculated? ->Past Performance
Q2 (July 29, 2026): EPS $6.18 vs $7.19 est[FMP], +-14.0% beat. D+1 movement: -8.0%[FMP D+1]. Decline despite beat - market reacted to guidance, not numbers.
Q2: EPS $6.18 vs $7.19 beat[FMP], stock -8.0% D+1[FMP]. Susan Li Q2 transcript: "We expect third quarter 2026 total revenue to be in the range of $61 billion to $64 billion."[Susan Li].
"We expect third quarter 2026 total revenue to be in the range of $61 billion to $64 billion."
- Susan Li, CFO - Q2 FY26 Earnings Call - July 29, 2026
No RPO/backlog concentration disclosed in Q2 earnings call.
Q2 CapEx $30.1B[FMP cashflow]. Q2 op margin 30.9%[FMP op margin] - this level in Q1 is sensitive to CapEx revision risk.
"We anticipate 2026 capital expenditures, including principal payments on finance leases, to be in the range of $130 billion to $145 billion, narrowed from our prior outlook of $125 billion to $145 billion."
- Susan Li, CFO - Q2 FY26 Earnings Call - July 29, 2026
Not advice - a structural framework for earnings night. Decision discipline is yours.
Market Outlook
You read it in 5 minutes. When the numbers come out on Wednesday evening - you know what you're looking at.
Data arrives at night. The framework is ready now.
Data arrives on Wednesday evening. The framework is ready on this page: Q1 EPS threshold $6.84[FMP], CapEx threshold "below $30.1B". Two anchors, three scenarios.
Comparison Stock Expert AI is free today — no credit card.
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Prices as of April 2026. Sources: seekingalpha.com/subscriptions - tipranks.com/pricing - trendspider.com/pricing
Stock Expert AI is free today — no credit card. Council 7-lens analysis + MoonshotScore multi-pillar + Insider tracker + Technical levels - all in one platform, for every stock.
Educational tool, not investment advice. Past performance does not guarantee future results.
Calendar
DATA GAP: Events not in the FMP /stable/calendar feed - Investor day, analyst day, product launches, regulatory dates. These require company IR page scraping or manual calendar entry.
This Meta Platforms, Inc. (META) earnings preview covers the analyst consensus, key catalysts, and what to watch on the earnings call.
Meta Platforms, Inc. (META): Consensus EPS, revenue guidance, segment growth rates, and the tone of management commentary — the full breakdown with sources is on this page.
Meta Platforms, Inc. (META): Figures are sourced from Financial Modeling Prep (FMP) fundamentals and consensus data plus official earnings-call transcripts; derived metrics are labeled with their source next to each figure.
Meta Platforms, Inc. (META): No. This page is educational research, not investment advice. It summarizes analyst consensus and company data; consult a licensed financial advisor before making any investment decision.