META

Meta Platforms

Hyperscalers & Cloud Chips & ComputeAI exposure: Significant

Among the largest AI capital spenders; trains Llama models for its own products.

Alerts for META

01What does it supply?

Products, customers, and where it sits in the AI stack.

What the company does

Social media and messaging (Facebook, Instagram, WhatsApp) funded by advertising; Reality Labs hardware.

Its role in AI

Builds AI data centers for its own use (ranking, ads, assistants), releases the Llama models, and designs MTIA chips. Does not rent cloud capacity.

02How much does AI matter to its business?

Significant. A large and growing share of revenue or spending is AI-related.

Reported figures come from the company's own filings and releases. Estimates are third-party or editorial and are kept separate. The exposure label is an editorial judgment.

Reported by the company

Does not report AI revenue separately. Total revenue $60,801 million, up 28% year over year; Family of Apps revenue $60,370 million; Reality Labs $431 million.Source · Q2 2026, quarter ended June 30, 2026
Capital expenditures (purchases of property and equipment) $30,116 million in the quarter; full-year 2026 capex outlook $130-145 billion, narrowed from $125-145 billion.Source · Q2 2026, quarter ended June 30, 2026
Ad impressions up 14% and average price per ad up 12% year over year; Family daily active people averaged 3.60 billion for June 2026.Source · Q2 2026, quarter ended June 30, 2026

Estimates

No third-party or editorial estimates are listed for META. Only company-reported figures are shown at present.

Key financial metrics, by reporting period

Company-reported, via TradingView

03What should visitors watch next?

Earnings, product launches, customer spending, and the risks that matter.

Next earnings

No announced date on file. Check the investor relations page.

Last earnings release: 2026-07-29 (8-K)

Watch list

Q3 2026 revenue versus the guided $61-64 billion range source
Whether 2026 capex lands within the narrowed $130-145 billion range and full-year total expenses within $165-169 billion source

Growth drivers

CEO: 'AI is accelerating our core business today, powering our next generation of products, and opening the door to entirely new enterprise opportunities.' source
Advertising volume and pricing both grew: ad impressions increased 14% and average price per ad increased 12% year over year source

Risks

Meta may not be successful in its AI initiatives given uncertain market acceptance, rivals with superior or cheaper AI, and dependence on scarce, expensive talent and computing infrastructure source
New AI-powered products and features may fail to attract or retain users or generate enough revenue to justify the substantial capital expenditures required source
Meta faces intense competition in developing frontier AI models and consumer hardware/AR/VR, and some rivals may hold stronger positions in certain technologies or markets source

The company's own risk factors: 10-K filed 2026-01-29, Item 1A.

Recent developments: SEC filings

Source: SEC EDGAR · refreshed every 15 min

10-QQuarterly report2026-07-30document folder
8-KEarnings release · items 2.02,9.012026-07-29document folder
8-KCurrent report · items 5.072026-05-29document folder
8-KCurrent report · items 8.01,9.012026-05-04document folder
10-QQuarterly report2026-04-30document folder
8-KEarnings release · items 2.02,9.012026-04-29document folder
DEF 14AProxy statement2026-04-16document folder
8-KCurrent report · items 5.022026-04-14document folder
S-8Employee stock plan registration2026-01-29document folder
10-KAnnual report2026-01-29document folder
8-KEarnings release · items 2.02,9.012026-01-28document folder
8-KCurrent report · items 5.022026-01-16document folder

Insider trades

Form 4, last 6 filings

Insider	Transaction	Shares	Avg price	Filed
Olivan Javier Chief Operating Officer	Open-market sale · disposed	1,575	$657.73	2026-09-16
Cox Christopher K Chief Product Officer	Open-market sale · disposed	20,000	$650.28	2026-09-11
Olivan Javier Chief Operating Officer	Open-market sale · disposed	5,354	$616.58	2026-09-10
Anderson Aaron Chief Accounting Officer	Open-market sale · disposed	3,240	$618.06	2026-09-08
Mahoney Curtis J. Chief Legal Officer	Open-market sale · disposed	1,559	$558.00	2026-08-20
LI SUSAN J Chief Financial Officer	Open-market sale · disposed	9,196	$550.61	2026-08-20

News

Related companies in Hyperscalers & Cloud

Also tagged: Chips & Compute

Original sources

Investor relations — earnings dates, releases, presentations
SEC EDGAR company page — every filing (CIK 0001326801)
Latest annual report (10-K) — filed 2026-01-29
TradingView symbol page — full chart and data

Research note — Meta's events page shows only 'Stay tuned for upcoming events' as of 2026-09-17, so no Q3 2026 earnings date is recorded. The 8-K press release did not state a reason for the capex range change, so none is attributed. IR site is investor.atmeta.com.