"Expectations are high following second-quarter results that one analyst said "blew the doors off." Analysts project Meta will post sales of $49.5 billion for the September-ended quarter, according to FactSet, representing 22% year-over-year growth. That's the highest growth target for Meta this year. For Meta's Q2 and Q1 results earlier this year, analysts were forecasting sales growth of 14% and 13%, respectively, ahead of the results. Meta beat both of those marks with 22% sales growth in Q2 and 16% in Q1."
"Meta has historically given guidance for the next year's capital expenditures plan during its third quarter report, though the company skipped offering specific numbers in last year's Q3 earnings statement. Analysts are currently forecasting Meta's capital expenditures will reach $96.97 billion in 2026, a 41% increase from the 2025 estimated total. Chief Executive Mark Zuckerberg has committed to spending hundreds of billions on data centers and other computing infrastructure to ensure Meta is a leader in artificial intelligence."
Meta is on an eight-day winning streak as it readies third-quarter results, though shares fell in morning trading. Analysts expect September-quarter sales of $49.5 billion, a 22% year-over-year increase and the highest growth target for the year. Consensus expects earnings of $6.72 per share, about an 11% rise. Nearly all revenue derives from digital advertising across Facebook and Instagram, with checks indicating continued Instagram strength. Capital expenditures will be a focus; forecasts point to $96.97 billion in 2026 (a 41% increase from 2025 estimates). Mark Zuckerberg has pledged hundreds of billions for data centers and AI infrastructure.
Read at Investor's Business Daily
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