Meta Platforms, Inc. (META) earnings on July 29, 2026

After the market closes Q2 2026

More Meta Platforms, Inc. earnings

Prior outlook: Optimistic Outcome: Missed

Meta's stock fell sharply after earnings, dropping nearly 8% despite a positive analyst rating. The market reacted negatively to the results.

META price around the earnings

539.03

Change: -8.0%

2026-07-30, 20:00 UTC

Start of the measured window End of the measured window
518.53 544.96 571.39 597.82 585.61
Price series around the eventClosing price per minute from before the event to the end of the measured window.No trading (market closed)
July 29, 2026 July 30, 2026
  • 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
Price series around the event

Prior thesis

Prior outlook: Optimistic Outcome: Missed

Thesis published
Results released

Analysts expect strong growth with an optimistic scenario and a strong beat rate, despite recent price weakness.

Context analyzed before publication

Trend
Recent price weakness follows a significant run-up, indicating a pullback into earnings with strong underlying trend strength.

Analysts

Evidence

Analyst consensus
Strong buy
Consensus average (1-5)
1.35
Analysts covering the stock
57
Average price target
824.68
Lowest price target
664.46
Highest price target
1,015
Upside to price target
41.3%
Quarterly earnings growth
60.9%
Revenue growth
33.1%
Forward EPS
37.01
Trailing EPS
27.47
Analyst moves in the last 60 days
0
  • Strong buy: 8
  • Buy: 47
  • Hold: 7
  • Sell: 0
  • Strong sell: 0
Strong buy
8
Buy
47
Hold
7
Sell
0
Strong sell
0

News and sentiment

Evidence

Sentiment
Sentiment
Neutral
Mention volume
Low
Normalized volume
33%
News
Sources (5)

Technicals

Evidence

Price when the context was analyzed
593.3
Average true range (ATR)
3.7%
Distance to 52-week high
-25.8%
14-day change (14d)
-10.3%
30-day change (32d)
+7.9%
30-day relative strength
+12.2%
QQQ change (32d)
-4.3%
Nearest support
592.17
Distance to nearest support
0.2%
Nearest resistance
594.53
Distance to nearest resistance
0.2%
Volume accumulation ratio (14d / 46d)
1.41
  • Major: 592.17 (0.2% away, 0.05 ATR, 33 touches)
  • Major: 589.83 (0.6% away, 0.16 ATR, 21 touches)
  • Major: 587.4 (1% away, 0.27 ATR, 32 touches)
  • Major: 594.53 (0.2% away, 0.06 ATR, 42 touches)
  • Major: 597.62 (0.7% away, 0.2 ATR, 49 touches)
  • Major: 600.12 (1.2% away, 0.31 ATR, 56 touches)

Trends

Evidence

Average earnings surprise
+11.4%
  • April 29, 2026: actual EPS 7.31 vs estimate 6.82 (surprise +7.2%)
  • 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%)

Expected move

Implied move
+7.4%
Source
Options chain

Reactions over its last 20 earnings

Median move
9.6%
75th percentile move
14.9%
90th percentile move
23.4%
Up / down moves
10 / 10
Average up move
+11.2%
Average down move
-10.3%

Monitoring and close

What Meta Platforms, Inc. reported

Status
Finished
Actual EPS6.18
EPS estimate7.13
EPS surprise-13.3%
Revenue$60,801 million
Revenue estimate$59,495 million
Revenue surprise+2.2%

Meta drops 9% as free cash flow collapses and guidance disappoints. UBS maintains buy but lowers target. Investors question AI spending.

Sources (50)

Pre-market second reading after the results

Verdict
Missed expectations

Heading into the open, results beat expectations on revenue but not on earnings and the price is indicating -9.9% pre-market, a move in line with the stock's usual reaction (about 10%). The figures overturn the prior optimistic scenario. Across our market history, in the 1,421 similar cases the close held that direction 96% of the time.

How the stock reacted

Outcome
Missed
Consolidated
-8.0%
Max favorable move (MFE)
0.4%
Max adverse move (MAE)
11.5%