Meta Expected to Report $60 Billion Q2 Revenue on July 29 Amid AI and Compute Expansion
Meta (NASDAQ: META) is set to report its second-quarter results on July 29, with analysts expecting revenue of around $60 billion. The company's stock has recovered from a 20% drawdown earlier this year, now trading within about 5% of its starting point in 2026. Beyond the headline revenue figure, investors are closely watching Meta’s transformation into an AI-driven compute provider under CEO Mark Zuckerberg. With capital spending plans for 2026 raised to $125 billion–$145 billion, much is being invested in building large-scale data centers and deploying custom chips developed with Broadcom alongside processors from Nvidia (NASDAQ: NVDA) and AMD. Meta may also be positioning itself as a cloud infrastructure provider by potentially renting out computing power. Reports suggest the company could secure multibillion-dollar compute deals, such as one with AI lab Anthropic. Investors will look for signs that these investments are yielding returns or improving ad performance.
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Topics: AI data centers capital spending Meta Q2 earnings report revenue forecast