Report
Meta Q3 Earnings Beat Estimates; Raises 2026 Capex Guidance to $135–145B for AI
Meta reported Q3 revenue of $64.6B (up 26% YoY) and EPS of $3.83, beating estimates.
TLDR
Meta's elevated capex guidance exemplifies Big Tech's long-term AI commitment despite near-term cash flow pressure and investor concerns about ROI. Muse adoption (10M+ users) shows early traction, but the move highlights broader sector tension between aggressive infrastructure investment and valuation pressures.
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