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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InAmid the intensifying race among Big Tech firms to dominate the AI sector, Meta Platforms reported mixed financial results for the second quarter of 2026. While the company posted revenue of $60.80 billion, beating analyst estimates of $59.50 billion, adjusted earnings per share came in at $6.18, missing the expected $7.13. The decision to raise the low end of its capital expenditure (CapEx) guidance range triggered a decline in shares during after-hours trading on Wednesday.
These results highlight the growing financial pressure from infrastructure investments, with Meta now projecting annual CapEx between $130 billion and $145 billion. According to market data, peer stocks showed varied performance as of July 29, 2026, with AAPL closing at $338.19, GOOGL at $337.035, and MSFT at $395.58. This context follows Meta's total revenue growth of 28% year-over-year, bolstered by a 14% jump in ad impressions and a 12% increase in average ad prices.
At the close on July 29, 2026, META was priced at $592.96, having reached a day high of $594.55 before the earnings release. Investors are now watching for signs of AI investment monetization as the company guides for third-quarter revenue between $61 billion and $64 billion. With no major upcoming catalysts in the immediate economic calendar for the sector, market attention will remain on the stock's ability to maintain technical support levels following the post-market sell-off.