META earnings — 2026-07-29

Q2 2026, reported after the close 2026-07-29 — revenue beat, profit miss: revenue $60.80B, +27% YoY (vs $60.22B expected); EPS $6.18 vs $7.22 expected — a ~14% miss, down ~13% YoY, with AI infrastructure spend pressuring profitability. Shares fell ~4% in the initial after-hours reaction. The split against Microsoft's same-night beat is the story: the AI-capex bill lands on the buyer with no cloud to sell.

Sources: 24/7 Wall St live, CNBC preview.