Meta Misses Q2 Earnings, Guides Low — Shares Fall 10%

Meta posted Q2 2026 EPS of $6.18, well below the $7.22 analysts expected, on $60.8 billion in revenue. Higher costs drove the miss. The company also issued weak revenue guidance for the current quarter, per CNBC — and forward guidance matters more to markets than past results, because it resets the growth assumptions baked into the stock. Shares dropped as much as 10% after hours on July 29.