Meta Platforms is expected to report Q3 2026 revenue of $63.34 billion, representing 24% year-over-year growth, alongside a consensus EPS of $6.67 as the stock trades near $705 against an average analyst target of $843.
The primary focus for investors remains the company's escalating capital expenditure, which is projected to reach approximately $41 billion this quarter to support its massive AI infrastructure build-out.
Recent enthusiasm around the newly launched "Muse" AI agent has supported valuations, but the market is now demanding proof that these multi-billion dollar investments are generating tangible returns in core advertising.
Concerns about free cash flow potentially turning negative this quarter make management’s 2027 spending guidance the critical metric for maintaining investor confidence.