Meta Q2: R&D Spending Surges 67%, Market Cap Evaporates Over $110B Post-Market
智东西 · wechat · 2026-07-30
Meta released its Q2 2026 earnings, with revenue growing 28% YoY to $60.8 billion, but net income fell 14%. The company's massive investments in AI and the Metaverse sparked capital market dissatisfaction, leading to a 7.45% post-market stock plunge and wiping out approximately $110.3 billion in market cap.
The report shows Meta's R&D expenses surged 67% to $21.6 billion, with capital expenditures reaching $31.08 billion. Zuckerberg revealed that early sales of MuseSpark-equipped smart glasses exceeded expectations, and AI assistant daily interaction users grew by 60%. Meta plans to launch personal agents capable of executing tasks around-the-clock, with more hardware line details to be announced at the September Connect conference.
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