Meta* Q2 2026: Revenue up 28% to $60.8B, Free Cash Flow down 91% due to AI spending

Meta's free cash flow in Q2 2026 fell 91% year-over-year to $784 million, the lowest since 2022, as the company spent heavily on AI computing infrastructure and data centers. Revenue grew 28% to $60.8 billion, beating analyst estimates of $60.3 billion, but net profit dropped 14% to $15.8 billion. Daily active users across Meta's services rose 3% to 3.6 billion. Meta raised the lower end of its 2026 capital expenditure forecast to $130 billion, up from $125 billion, with a top end of $145 billion. CEO Mark Zuckerberg said AI investments will eventually pay off through new products, paid AI models, subscriptions, and selling computing capacity. Shares fell 9% in pre-market trading on July 30, 2026, to $533.