Meta Platforms, Inc. (META) earnings on April 29, 2026
More Meta Platforms, Inc. earnings
Prior outlook: No statistical edge
Meta's stock price fell sharply after the company released its earnings. The market reacted negatively, suggesting investor concerns about the company's outlook.
META price around the earnings
612.37
Change: -8.7%
2026-04-30, 20:37 UTC
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: No statistical edge
- Thesis published
Growth expected, but AI spending and supply concerns create risk.
Analysts anticipate strong growth for Meta, but concerns about artificial intelligence spending and memory chip shortages introduce uncertainty. The stock has seen a moderate rally and is approaching resistance ahead of earnings.
Context analyzed before publication
- Summary
- Growth expected, but AI spending and supply concerns create risk.
- Playbook
- With potential headwinds from AI spending and supply issues, and the stock nearing resistance, the scenario suggests a cautious stance. The earnings report is a key factor for clarity on these concerns.
- Trend
- Moderate run-up, approaching resistance into earnings.
Analysts
Drivers
-
Analysts
Positive
Analysts generally hold a strong buy consensus, with an optimistic scenario for the stock.
Evidence
- Analyst consensus
- Strong buy
- Consensus average (1-5)
- 1.33
- Analysts covering the stock
- 60
- Average price target
- 855.11
- Lowest price target
- 614
- Highest price target
- 1,015
- Upside to price target
- 27.2%
- Quarterly earnings growth
- 9.3%
- Revenue growth
- 23.8%
- Forward EPS
- 36.06
- Trailing EPS
- 23.5
- Analyst moves in the last 60 days
- 0
- Strong buy: 11
- Buy: 48
- Hold: 5
- Sell: 0
- Strong sell: 0
- Strong buy
- 11
- Buy
- 48
- Hold
- 5
- Sell
- 0
- Strong sell
- 0
News and sentiment
Drivers
-
News & sentiment
Negative
Recent reports raise questions about the return on investment for AI spending and highlight memory shortages. This creates uncertainty before the earnings announcement.
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (3)
- 'Meta Will Run Some Servers Longer in Response to Memory Shortage' - Wall Street Journal — Benzinga
- Meta, Amazon, Google Face AI Reality Check: Can New Revenue Justify Billions In Spending? — Benzinga
- Microsoft, Amazon, Alphabet, Meta Set To Report Q1 Earnings After Market Close Today—Here's What Polymarket and Kalshi Traders Expect — Benzinga
Technicals
Drivers
-
Technical
Negative
The stock has experienced optimistic momentum, but it is likely market review near resistance. This could limit further immediate price gains.
Evidence
- Average true range (ATR)
- 2.4%
- Distance to 52-week high
- -15.5%
- 14-day change (14d)
- +6.7%
- 30-day change
- +9.2%
- 30-day relative strength
- +3.2%
- Benchmark change
- +6.0%
- Nearest support
- 520.28
- Nearest resistance
- 691.45
- Volume accumulation ratio
- 0.91
Trends
Evidence
- Average earnings surprise
- +15.5%
- January 28, 2026: actual EPS 8.88 vs estimate 8.22 (surprise +8.0%)
- October 29, 2025: actual EPS 7.25 vs estimate 6.67 (surprise +8.7%)
- July 30, 2025: actual EPS 7.14 vs estimate 5.86 (surprise +21.8%)
- April 30, 2025: actual EPS 6.43 vs estimate 5.21 (surprise +23.5%)
Expected move
Drivers
-
Past earnings
Positive
Meta has consistently beaten earnings expectations, with an average surprise of over 15% in the last four quarters.
There is no implied-move data available for this event.
Reactions over its last 19 earnings
- Median move
- 10.6%
- 75th percentile move
- 15.8%
- 90th percentile move
- 23.6%
- Up / down moves
- 10 / 9
- Average up move
- +11.2%
- Average down move
- -10.4%
Monitoring and close
What Meta Platforms, Inc. reported
There is no monitoring data available for this event.
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Consolidated
- -8.8%
- Max move
- -10.6%
No verdict: the outlook took no direction, so there is nothing to score as a hit or a miss.