Meta Platforms stock falls nearly 10% after Q2 earnings miss and boosted 2026 AI spending. Read what analysts expect for META’s future.
Meta Platforms, Inc.
(NASDAQ:META) stock fell nearly 10% in Thursday's premarket session as investors weighed a second-quarter earnings miss and sharply higher AI spending plans.
Meta reported second-quarter revenue of $60.8 billion, topping the analyst consensus estimate of $59.5 billion.
However, adjusted earnings of $6.18 per share missed expectations of $7.13.
The company also raised the low end of its 2026 capital expenditure outlook to a range of $130 billion to $145 billion.
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