Meta Sees 28% Revenue Rise in Q2 2026 Amid AI-Driven Ad Growth

Meta Platforms reported Q2 2026 revenue of $60.8B, up 28% year over year, driven by Family of Apps growth (DAU ~3.60B), 14% higher ad impressions, and a 12% uplift in average ad price. Net income fell to $15.85B (−14% YoY) with diluted EPS of $6.18, while operating income was $18.78B (margin 31%). Cash from operating activities totaled $31.9B; capex was $31.1B; headcount declined about 1% to 75,472. Free cash flow was $0.784B, and cash and equivalents stood at $90.3B. Meta guided Q3 revenue to $61–64B and full-year 2026 expenses to $165–169B, capex to $130–145B, with a tax rate of 15–17%; Reality Labs remained a drag, posting an operating loss of about $4.62B. FoA revenue was $60.37B; Reality Labs revenue $0.431B.