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Why Meta Platforms (META) Is Down 6.6% After AI Costs Squeeze Q2 Profitability And What's Next

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Meta Platforms has reported its Q2 2026 results, with revenue rising to about US$60.80 billion from US$47.52 billion a year earlier, while net income fell to around US$15.85 billion and diluted EPS dropped to US$6.18 amid sharply higher costs. The company also lifted the floor of its 2026 capital expenditure guidance to US$130‑145 billion and flagged heavier legal and infrastructure spending, putting renewed focus on whether its extensive AI build‑out can translate into stronger long‑term...

AI Stock Newsabout 3 hours ago
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Why Meta Platforms (META) Is Down 6.6% After AI Costs Squeeze Q2 Profitability And What's Next | Steek AI Signal | Steek