Q2
META — Q2 2026 Financial Report Analysis
Meta grew Q2 2026 revenue 28% to $60.8bn but operating income fell 8% and diluted EPS fell to $6.18, as R&D rose 67%, a $2.40bn legal accrual and $1.18bn of severance hit costs, and 2026 capex guidance of $130–145bn pushed free cash flow toward zero.