Meta Earnings Miss
Meta shares drop as investors worry over profits, legal costs, and AI spending.
July 29, 2026 · Updated Jul 29, 8:58pm ET
The GuardianMeta misses earnings forecasts after Zuckerberg media push to promote AI
CNBCMeta's stock drops on disappointing guidance, dwindling free cash flow
New York PostMeta shares tumble 10% as Mark Zuckerberg’s AI spending spree stuns Wall Street
ABC NewsMeta shares drop as Q2 profit declines due to legal expenses and severance costs
BBC NewsMeta shares fall as frustration grows over AI spending plans
Wall Street JournalMeta Stock Drops 10% on Steeper AI Costs, Missed Forecast
DeadlineMeta Stock Tanks In Jittery Market On Massive AI Investment, Mixed Q2
Business InsiderMeta is 'throwing spaghetti at the wall' with its AI strategy, one analyst warns
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Pano rates the coverage Mostly Center.
What happened
Meta shares fell about 10% in after-hours trading after the company missed second-quarter profit expectations and raised the lower end of its 2026 capital spending outlook tied to artificial intelligence. Revenue rose 28% from a year earlier to $60.80 billion, above the $60.17 billion analysts expected, while earnings per share were $6.18 versus estimates of $7.22. Free cash flow fell 91%, and Meta forecast third-quarter revenue of $61 billion to $64 billion while planning $130 billion to $145 billion in AI-related investment this year.
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