Meta Platforms, Inc. · META · Next earnings

Meta Platforms, Inc. reports Wednesday, Oct 28, 2026

META reports after market close with consensus EPS at $6.74 and revenue at $63.25B. Last quarter: Meta Q1 2026: Revenue Surges 33% as AI Products Launch, Stock Falls 8.6%

Reports After market close38 days awayDate estimated Communication Services

What the street expects

Consensus for the coming report
Consensus EPS $6.74 Calendar consensus
Consensus revenue $63.25B Calendar consensus
Report date Oct 28, 2026 Wednesday, date estimated
Session After market close 38 days away

Where META left off: FY2026 Q1

Full report

Meta Q1 2026: Revenue Surges 33% as AI Products Launch, Stock Falls 8.6%

EPS surprise +55.8% Reported $10.44 vs $6.70
Revenue surprise +1.4% Reported $56.31B vs $55.56B
Stock move -8.6% Event window
Subsequent drift +3.4% Up to 20 sessions

Q4 2025 guided Q1 2026 revenue to $53.5-$56.5B and full-year CapEx to $115-$135B. Actual Q1 revenue of $56.3B landed near the top of that range. For Q2 2026, Meta guided revenue to $58-$61B. Full-year CapEx was raised by $10B at both ends to $125-$145B. Guidance sentiment shifted from 'maintained' in Q4 2025 to 'not_provided' this quarter.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • EU regulatory scrutiny and US youth-related legal investigations could restrict ad personalization and pressure revenue.
  • Higher component pricing for memory and GPUs is increasing CapEx and operating costs.
  • A non-recurring $8B Q1 tax benefit inflated EPS; changes in tax treatment could create earnings volatility.
  • Dependence on ad revenue leaves the company exposed if lower-monetizing regions offset price gains.
  • Intense competition in AI, social media, and AR/VR markets could erode margins or slow adoption.

Questions analysts left open

  • How ROI on the massive compute and AI investments will be measured (ROIC).
  • Timeline and cadence for new AI-driven product launches.
  • Potential over-investment in compute versus actual revenue upside.
  • Impact of headwinds such as regulatory actions and macro-economic conditions.

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Recent META quarters

All META earnings
-8.6%FY2026 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.