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Meta Platforms reported Q2 2026 financial results on July 29, 2026, delivering a 22% year--over--year revenue increase to $48.5 billion, which exceeded analyst projections. Net income rose to $15.8 billion, supported by robust advertising performance across its family of apps. However, the company raised its 2026 capital expenditure guidance to a range of $40 billion to $45 billion to accommodate accelerated AI infrastructure demands. This increased spending outlook has led to mixed investor sentiment regarding the timeline for significant returns on the company's massive hardware investments.