Meta Q2 earnings: AI spending in focus for Wall Street, with the stock down 10% in 2026

Meta Platforms Inc. reports Q2 earnings after the closing bell Wednesday with its stock down 10% year to date in 2026, as Wall Street focuses on the company's AI capital expenditure. Analysts expect Meta's 4:30 p.m. investor call to address its massive spending on AI projects including data centers and large language models, following Alphabet and Tesla stock declines after they raised spending outlooks last week.

Meta Q2 earnings: AI spending in focus for Wall Street, with the stock down 10% in 2026 Business Insider https://www.businessinsider.com Meta approaches its Q2 earnings report with the stock down 10% in 2026. Analysts expect talk of the company's AI spending on its 4:30 investor call. A major test of the market's AI trade https://www.businessinsider.com/meta-microsoft-amazon-q2-earnings-preview-what-hyperscaler-investors-expect-2026-7 is here in the form of Big Tech earnings, and Meta is due up next. Along with Microsoft, the social media giant will deliver second-quarter earnings after the closing bell on Wednesday. Meta is one of the "hyperscalers" spending huge sums on its AI projects, from data centers to its own large language models, and investors are getting impatient to see what those efforts have yielded. All eyes will be on Meta's capex number, the all important figure that's come to dominate investors' reactions to earnings lately. Alphabet and Tesla https://businessinsider.com/tesla-alphabet-stock-price-q2-earnings-capex-ai-spending-tsla-2026-7 set the tone last week with their heightened spending outlooks, causing both stocks to tumble after results. Meta will report after the 4 p.m. ET closing bell, and the call with analysts will kick off around 4:30 p.m. The stock is down 10% year to date. Business Insider https://www.businessinsider.com/meta-q2-earnings-report-ai-capex-spending-stock-2026-7 Get AI news in your inbox Daily digest of what matters in AI.