Meta Platforms reports second-quarter earnings after the market closes on July 29.
Investors are focusing on the company's massive capital expenditure on artificial intelligence. Meta projects full-year 2026 guidance between $125 billion and $145 billion. This scrutiny follows market volatility after Alphabet reported significant AI spending.
Analysts expect Meta to report revenue of approximately $60.2 billion. The core advertising business continues to drive this strong revenue growth. However, markets remain concerned with capital efficiency and free cash flow.
Investors are evaluating whether AI investment returns justify the immense costs. Observers are watching for news on a potential cloud business or Anthropic partnership. These moves could signal a strategy to monetize infrastructure and ease profitability concerns.