Meta Q2 revenue rises 28% to $60.8 billion, but diluted EPS falls 13% to $6.18
Meta reported second-quarter 2026 revenue of $60.80 billion, up 28% year over year, while income from operations fell 8% to $18.78 billion and diluted earnings per share fell 13% to $6.18. Results were weighed down by $2.40 billion of legal proceedings charges and $1.18 billion of severance costs tied to the May 2026 headcount reduction, and the company raised the low end of its full-year expense outlook.
Key points
- Revenue was $60.80 billion, up 28% year over year; advertising impressions rose 14% and average price per ad rose 12%.
- Net income was $15.85 billion, down 14%, and operating margin fell to 31% from 43%.
- Third-quarter 2026 revenue is expected in the range of $61 billion to $64 billion; full-year 2026 total expenses are now expected at $165 billion to $169 billion.
- Free cash flow was $784 million, compared with $8.55 billion a year earlier; the company also flagged youth-related trials in the U.S. that may result in a material loss.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:16 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 29, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.