Meta Platforms, Inc. is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: Meta reported a strong Q1 2026 with revenue surging 33.1% YoY to $56.3B and net income jumping 60.9% to $26.8B, driven by robust advertising demand, though R&D spending soared 45.7% and long-term debt more than doubled as the company aggressively invests in AI and infrastructure.
Drawn from management commentary in the Q1 2026 10-Q:
Meta's total revenue grew 33.1% YoY to $56.3B in Q1 2026 (vs. $42.3B in Q1 2025), reflecting continued strength in its core digital advertising business supported by AI-driven ad targeting improvements and growing user engagement across its Family of Apps.
Net income rose 60.9% YoY to $26.8B, with net margin expanding to approximately 47.5%, significantly above the prior year. This outsized profit growth relative to revenue suggests meaningful operating leverage and potentially favorable tax or non-operating items contributing to the bottom line.
R&D expenses surged 45.7% YoY to $17.7B, and investing cash outflows increased 68.3% YoY to -$33.7B, signaling Meta's intensified capital deployment into AI development, data centers, and infrastructure. D&A also rose 53.8% YoY to $6.0B, reflecting a rapidly expanding asset base.
Revenue
$56.31B
++33.08% YoY
EPS (Basic)
$10.57
++60.39% YoY
Operating Income
$22.87B
++30.29% YoY
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