Meta Platforms CEO Mark Zuckerberg departs the office of U.S. Majority Leader John Thune (R-SD) following a meeting at the U.S. Capitol in Washington, D.C., U.S., March 26, 2026.
Nathan Howard | Reuters
Meta shares dropped over 7% on Wednesday after the company reported second-quarter earnings that missed on earnings per share.
Here’s how the company did, compared with estimates from analysts polled by LSEG:
- Earnings per share: $6.18 vs. $7.22
- Revenue: $60.80 billion vs. $60.17 billion
Meta said it expects revenue this quarter of between $61 billion and $64 billion, or $62.5 billion at the middle of the range. Analysts were expecting guidance of $63.15 billion, according to LSEG. The company said that the guidance “assumes foreign currency is an approximately 1% headwind to year-over-year total revenue growth, based on current exchange rates.”
The company said that daily active people, or DAP, came in at 3.6 billion, trailing Wall Street estimates of 3.61 billion.
For capital expenditures, Meta narrowed its guidance for the year to between $130 billion and $145 billion from a prior range of $125 billion to $145 billion.
On the earnings call, investors will be listening closely to what Meta CEO Mark Zuckerberg has to say about the company’s efforts to more directly monetize its various AI-related efforts. Earlier this month, Meta debuted the Muse Spark 1.1 model, which AI chief Alexandr Wang said represents the “strongest model for agentic and coding work yet” and at a cheaper price than offerings from OpenAI and Anthropic.
WATCH: AI and capex in focus for Meta this week: Here’s what to expect.