Meta Platforms, Inc. (META)

Meta Platforms missed EPS consensus but topped revenue estimates in the second fiscal quarter of 2026, reported July 29 based on preliminary results, with EPS of $6.18, about 14% below the $7.19 estimate and down roughly 13% from $7.14 a year ago, while revenue came in at about $60.8 billion, about 1% above the roughly $60.2 billion estimate. Revenue rose 28% from about $47.5 billion a year earlier, led by Family of Apps revenue of about $55.9 billion, up 33%, with advertising at about $55.0 billion and revenue still concentrated in the United States and Canada at about $21.3 billion, alongside Asia-Pacific at about $15.5 billion, up 37%. Net income fell 14% to about $15.9 billion from about $18.3 billion a year ago, gross margin was near 81% and operating margin about 31%, and operating income reached roughly $18.8 billion. Operating cash flow was about $31.9 billion, and consensus for the next period calls for EPS of $7.02 on revenue of $63.14 billion.