Meta Platforms stock rises 1.75 percent as AI spending stays high

Meta Platforms (ISIN US30303M1027) was trading at USD 757.13 on Nasdaq on September 24, 2026, up 1.75 percent from the previous close. The move comes as investors weigh 28 percent quarterly revenue growth against a sharper investment cycle in artificial intelligence.

Revenue grows while earnings fall

Meta generated USD 60.801 billion in revenue in Q2 2026, compared with USD 47.516 billion in Q2 2025, according to Financial Report Insights. The 28 percent increase shows that Meta is still expanding its core advertising business at scale.

Profitability moved in the opposite direction. Q2 net income was USD 15.848 billion, down 14 percent from USD 18.344 billion a year earlier, while diluted EPS declined to USD 6.18 from USD 7.14, the same report stated. The contrast gives the stock a more demanding financial narrative than revenue growth alone suggests.

AI investment sets the next test

Meta narrowed its 2026 capital expenditure guidance to USD 130 billion to USD 145 billion, compared with USD 72.2 billion spent in 2025, according to The Globe and Mail. That guidance range implies a higher cash commitment to data centers, chips and AI products than the prior year.

The investment burden matters because operating income fell 8 percent to USD 18.78 billion in Q2 2026 even as revenue expanded. Meta therefore needs AI products and advertising efficiency to convert scale into operating leverage rather than simply adding infrastructure costs.

Stock remains near yearly high

Meta Platforms stock stood 0.88 percent below its 52-week high of USD 763.90 on September 24, 2026. Its 52-week low was USD 520.26, putting the current quote USD 236.87 above that lower level.

The company is scheduled to report its next quarterly results on November 4, 2026. Until then, the key comparison is clear: Q2 revenue grew 28 percent, while diluted EPS declined 13.4 percent from USD 7.14 to USD 6.18.

More news and analyses on Meta Platforms stock