Meta Misses Q2 EPS by $1.04 and Guides Revenue Low — Shares Drop 10%

Meta reported Q2 2026 EPS of $6.18 versus consensus of $7.22, on $60.8 billion in revenue, with costs contributing to the shortfall. The company also issued light revenue guidance for the current quarter, per CNBC. Shares fell as much as 10% in after-hours trading on July 29. Forward guidance typically carries more weight with markets than trailing results, because it resets growth assumptions embedded in the stock price.