Meta has launched $35 billion in equity offerings, comprising $22.5 billion of Class A common stock and $12.5 billion of depositary shares representing mandatory convertible preferred stock, and plans a $60 billion at-the-market share-sale program in 2027. The funding supports capital expenditure of $135 billion to $145 billion expected in 2026 for computing capacity and AI, after the company generated $97 billion in operating cash flow in the first three quarters. Nvidia, Advanced Micro Devices and Broadcom have indicated interest in buying up to $5 billion of Class A shares, though the indications are non-binding. Meta will sell the common stock through forward sale agreements with Morgan Stanley and Goldman Sachs, receiving cash when they settle, by November 19, 2027. Third-quarter 2026 revenue was $64.6 billion, up 26% year on year.
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Related tickers and likely impact
META
▼ Likely negativeMeta Platforms
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.7T |
| Close on 10/23/2026 | 642.62 |
| Change that session | -0.96% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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