Meta Stock Plunges 10% on Earnings Miss, Capex Hike
Meta Platforms reported Q2 2026 revenue of $60.8 billion, beating estimates, but earnings per share of $6.18 fell short of the $7.13 forecast. The company raised its 2026 capital expenditure forecast to $130-145 billion, while Reality Labs posted a $4.62 billion loss, contributing to over $80 billion in total operating losses since 2020. Shares dropped over 10% in after-hours trading, hitting a 52-week low, as investors reacted to the earnings miss and rising costs.
Detected & updated continuously · Source: Nebula
Sources
@StockSavvyShay
$META is down more than 10% after raising its 2026 capex forecast again while Zuckerberg said launching a cloud business “isn’t a priority.” He said compute demand is strong but Meta sees better returns using that capacity internally rather than selling it. https://t.co/E7yOXbmNas
@gurgavin
*META SEES FY CAPEX $130B TO $145B, SAW $125B TO $145B DUMP IT $META DOWN 8% AFTER HOURS
@cryptogoos
🩸CRASH: $META just fell 9% after reporting $60.8 billion in revenue for Q2 2026. Despite beating revenue expectations, Meta reported adjusted earnings of $6.18 per share, well below estimates of $7.19. https://t.co/VxBR7znmX8
@StockMKTNewz
Meta Platforms $META just said it plans to spend between $130B - $145B on CAPEX this year compared to its prior guidance of between $125B-$145B https://t.co/g1N5aX0OD5
@BullTradeFinder
$META DUMPING WITH AN EARNINGS MISS AND INCREASED CAPEX 🩸 2026 CAPEX $130B - $145B est ❌ Q2 EPS: $6.18 vs $7.13 est ✅ Q2 REV: $60.801B vs $59.495B est
@Mr_Derivatives
$META just hit fresh 52week lows in after hours. Wow
@StockMKTNewz
Meta Platforms $META just brought in more than $60 Billion of revenue in a quarter for the first time https://t.co/50AHoeWS6W
@StockMKTNewz
Meta Platforms' $META Reality Lab segment lost $4.62 Billion during Q2 Meta's Reality Labs segment has now generated more than $80 Billion in total operating losses since late 2020 - Bloomberg https://t.co/VNtAP1HFtE