Meta plans to spend $135B to $145B on capex in 2026 and has taken a $9.89B charge to settle teen mental health litigation. Management still expects 2026 operating income, excluding the legal charge, to exceed 2025's $83.28B, which the author views as a limit on spending. The company kept paying its $0.525 quarterly dividend even though Q3 free cash flow was -$2.12B. Q3 revenue rose 26.1% to $64.60B. The author kept buying after the stock fell 15.08% over the past month, while noting $18.59B in total teen mental health litigation exposure.
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Related tickers and likely impact
META
• NeutralMeta Platforms
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.6T |
| Close on 11/04/2026 | 629.89 |
| Change that session | +1.43% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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