Meta Q2 revenue up 28% to $60.8B, but net income falls 14% on $3.6B in legal and severance charges

Filed July 29, 2026 · Period ending July 29, 2026 · ~1 min read

Key Changes

• high

  Net income fell 14% YoY to $15.8B and EPS declined 13% to $6.18 as costs surged 55% to $42.0B, driven by $2.4B in legal charges and $1.18B in severance from May 2026 headcount reduction affecting ~8,000 employees.

  Exhibit 99.1 view on EDGAR →
• high

  Revenue grew 28% YoY to $60.8B on 14% ad impression growth and 12% price-per-ad growth, but operating margin compressed from 43% to 31% due to one-time charges.

  Exhibit 99.1 view on EDGAR →
• high

  Raised 2026 capex guidance floor to $130B (from $125B prior), now expects $130–145B for the year reflecting continued AI infrastructure investment.

  Exhibit 99.1 view on EDGAR →