| META |
Report |
Total Revenue (Q2 2026) |
BEAT |
pred ~$60.9B vs. cons $60.26B |
MEDIUM |
| META |
Report |
Adjusted EPS (Q2 2026) |
IN-LINE |
pred ~$7.20 vs. cons $7.22 |
LOW |
| META |
Report |
Q2 2026 Actual Capex |
BEAT |
pred ~$34B vs. cons ~$31B |
MEDIUM |
| META |
Guide |
FY2026 Capex Guidance |
BETTER |
guide ~$140-160B vs. cons ~$135B (FY2026) |
MEDIUM |
| META |
Guide |
FY2026 Total Expenses Guidance |
BETTER |
guide ~$168-178B vs. cons ~$166B (FY2026) |
MEDIUM |
| META |
Guide |
Q3 2026 Revenue Guidance |
UNCHANGED |
guide ~$63-66B vs. cons ~$64.5B (Q3 2026) |
LOW |
| META |
Guide |
Reality Labs FY2026 Operating Loss Commentary |
UNCHANGED |
guide ~$19B vs. cons ~$19B (FY2026) |
MEDIUM |
| META |
Return |
Day-1 residual (stock − beta × S&P 500) |
-5.2% |
— |
MEDIUM |
| META |
Return |
5-day cumulative residual |
-8.0% (FOLLOW-THROUGH) |
Even with a top/bottom-line beat, an expected further FY26 capex raise (to fund the Q1 underspend catch-up plus AI buildout) forces sell-side models to push out 2027 depreciation/opex ramps, compressing forward margin and EPS estimates similarly to the Alphabet post-earnings drift; credit-market stress (widening AI bond spreads, Moody's warnings) and no offsetting cloud-revenue narrative for Meta mean initial capex-driven selling is likely to continue into the following days rather than reverse, consistent with the pattern seen after the Q1 print. |
MEDIUM |