META
Meta PlatformsAmong the largest AI capital spenders; trains Llama models for its own products.
Next earnings: Meta Platforms has not announced its next earnings date. Its last earnings release was filed with the SEC on October 21, 2026 (Form 8-K, item 2.02); companies on this list usually announce the next date two to three weeks ahead. Last earnings release on EDGAR
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.
Why META is rated significant
Significant. Meta does not sell AI; it spends on it. Capital expenditure was $30.1 billion in Q2 2026 with a full-year outlook of $130-145 billion, funded by $60.8 billion of quarterly advertising revenue (up 28%). The exposure is as one of the largest buyers of AI infrastructure for its own use, which makes it a demand signal for the rest of the list rather than an AI revenue story.
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 TradingView03What should visitors watch next?
Earnings, product launches, customer spending, and the risks that matter.
Watch list
Growth drivers
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
Recent developments: SEC filings
Source: SEC EDGAR · refreshed every 15 min- 8-KCurrent report · items 1.01,3.03,5.03,9.012026-10-29documentfolder
- 10-QQuarterly report2026-10-22documentfolder
- 8-KEarnings release · items 1.01,2.02,8.01,9.012026-10-21documentfolder
- 10-QQuarterly report2026-07-30documentfolder
- 8-KEarnings release · items 2.02,9.012026-07-29documentfolder
- 8-KCurrent report · items 5.072026-05-29documentfolder
- 8-KCurrent report · items 8.01,9.012026-05-04documentfolder
- 10-QQuarterly report2026-04-30documentfolder
- 8-KEarnings release · items 2.02,9.012026-04-29documentfolder
- DEF 14AProxy statement2026-04-16documentfolder
- 8-KCurrent report · items 5.022026-04-14documentfolder
- S-8Employee stock plan registration2026-01-29documentfolder
Insider trades
Form 4, last 6 filings| Insider | Transaction | Shares | Avg price | Filed |
|---|---|---|---|---|
Alford Peggy Director | Open-market sale · disposed | 390 | $640.00 | 2026-10-28 |
Olivan Javier Chief Operating Officer | Open-market sale · disposed | 1,575 | $640.00 | 2026-10-28 |
Olivan Javier Chief Operating Officer | Open-market sale · disposed | 1,575 | $707.20 | 2026-10-21 |
Olivan Javier Chief Operating Officer | Open-market sale · disposed | 1,575 | $728.10 | 2026-10-14 |
Olivan Javier Chief Operating Officer | Open-market sale · disposed | 1,575 | $728.08 | 2026-10-07 |
Olivan Javier Chief Operating Officer | Open-market sale · disposed | 1,575 | $749.82 | 2026-09-30 |
News
META in plain answers
The questions readers ask about Meta Platforms, answered from the company's own filings and this site's research. Each answer names its source.
What does Meta Platforms (META) supply to AI?+
Social media and messaging (Facebook, Instagram, WhatsApp) funded by advertising; Reality Labs hardware. Builds AI data centers for its own use (ranking, ads, assistants), releases the Llama models, and designs MTIA chips. Does not rent cloud capacity.
How much does AI matter to Meta Platforms's business?+
AI exposure is rated significant on this site: A large and growing share of revenue or spending is AI-related. 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. 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.
Company filing or releaseWhen is Meta Platforms's next earnings date?+
Meta Platforms has not announced its next earnings date. Its last earnings release was filed with the SEC on October 21, 2026 (Form 8-K, item 2.02); companies on this list usually announce the next date two to three weeks ahead.
Last earnings release on EDGARAre Meta Platforms insiders buying or selling META stock?+
In the latest Form 4 filings for META there are 6 open-market sales; the most recent was filed on October 28, 2026 by Olivan Javier. Every transaction links to the filing on SEC EDGAR below.
Most recent Form 4What should investors watch for META?+
Q3 2026 revenue versus the guided $61-64 billion range Whether 2026 capex lands within the narrowed $130-145 billion range and full-year total expenses within $165-169 billion
SourceWhat are the main risks for Meta Platforms?+
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 New AI-powered products and features may fail to attract or retain users or generate enough revenue to justify the substantial capital expenditures required 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
Annual report, Item 1AWhich AI category is META in?+
Meta Platforms is listed under Hyperscalers & Cloud and Chips & Compute (primary: Hyperscalers & Cloud). Among the largest AI capital spenders; trains Llama models for its own products.
Related companies in Hyperscalers & Cloud
Compare all →Also tagged: Chips & Compute
Original sources
- Investor relations — earnings dates, releases, presentations
- SEC EDGAR company page — every filing (CIK 0001326801)
- TradingView symbol page — full chart and data