Meta Platforms (META) shares fell 5.7% in the morning session after pre-market gains reversed, as surging AI spending outweighed third-quarter revenue that grew 26% to $64.60 billion and better-than-expected fourth-quarter sales guidance. A regulatory filing showed roughly $825 billion in future commitments for AI data centers, energy and computing capacity, up from nearly $700 billion previously. Third-quarter capex reached $34.91 billion, pushing free cash flow to negative $2.12 billion, and Meta raised its 2026 capex guidance to $135–145 billion. GAAP EPS of $3.83 missed the $5.46 expectation, partly due to a $9.89 billion youth-litigation charge; excluding it, EPS would have been $7.40. Meta also announced a non-voting Class C share class to fund long-term infrastructure, adding to dilution concerns.
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META
▼ Likely negativeMeta Platforms
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.9T |
| Close on 10/21/2026 | 698.43 |
| Change that session | +0.60% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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