Meta Earnings Warning: Stock Falls -3.2% as AI Capex Concerns Mount
Will Mark Zuckerberg's multi-billion-dollar pivot into AI compute pay off, or are investors facing a painful reality check?
Meta Platforms, Inc. engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality (VR) headsets, and AI glasses in the United States, Canada, Europe, Asia-Pacific, and internationally. It operates through two segments, Family of Apps (FoA) and Reality Labs (RL). The FoA segment offers Facebook, which enables people to build community through feed, reels, stories, groups, marketplace, and other; Instagram that brings people closer through Instagram feed, stories, reels, live, and messaging; Messenger, a messaging application…
| Quarter | Revenue | YoY | Net Income | EPS (dil.) | YoY | Gross Margin | Op. Margin |
|---|---|---|---|---|---|---|---|
| Q1 2026 Mar 2026 | $56.31B | +33.1% | $26.77B | $10.44 | +62.4% | 81.9% | 40.6% |
| Q4 2025 Dec 2025 | $59.89B | — | $22.77B | $8.88 | — | 81.8% | 41.3% |
| Q3 2025 Sep 2025 | $51.24B | — | $2.71B | $1.05 | — | 82.0% | 40.1% |
| Q2 2025 Jun 2025 | $47.52B | — | $18.34B | $7.14 | — | 82.1% | 43.0% |
| Q1 2025 Mar 2025 | $42.31B | — | $16.64B | $6.43 | — | 82.1% | 41.5% |
Data from Yahoo Finance. YoY compares the same quarter of the prior fiscal year.
Will Mark Zuckerberg's multi-billion-dollar pivot into AI compute pay off, or are investors facing a painful reality check?