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.”
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.
Source: [https://www.cnbc.com/2026/07/29/meta-q2-earnings-report-2026.html](https://www.cnbc.com/2026/07/29/meta-q2-earnings-report-2026.html)
