Meta Platforms Inc. (META · NASDAQ)
META · MARKET VIEW
Market view · as of Oct 3, 2026
Price (last ~year)
Meta Platforms posted 28.0% YoY revenue growth with TTM revenue of $228.25B, but earnings fell 13.4% YoY, and the most recent quarter (June 2026) missed estimates with EPS of $6.18 versus $7.10 expected, a 12.96% shortfall after three prior beats. Capital intensity is a key pressure point: capex of $30.12B in the quarter consumed nearly all of the $31.86B in operating cash flow, leaving free cash flow of just $1.75B, though leverage remains modest at 1.0x debt/EBITDA. The stock trades at $728.08, up 19.3% over the past month and 16.5% above its 50-day moving average, sitting 6.4% below its 52-week high with a P/E of 27.32 and an analyst target of $794.96. Margins remain strong (81.7% gross, 34.8% operating, 29.8% ROE), but the sequential decline in operating income from $24.75B in Q4 2025 to $18.77B in the latest quarter bears watching.
Valuation
- Market cap
- $1.85T
- P/E
- 27.32
- PEG
- 0.985
- P/B
- 7.26
- P/S
- 8.1
- EV/EBITDA
- 17.08
- Beta
- 1.243
- Analyst target
- $794.96
Quality & returns
- Gross margin
- 81.7%
- Operating margin
- 34.8%
- Profit margin
- 29.8%
- ROE
- 29.8%
- ROA
- 14.6%
Price movement
- Last
- $728.08
- 1-month
- +19.3%
- 3-month
- +15.4%
- RSI (14)
- 62
- vs SMA200
- +16.0%
- 52-wk position
- 80.4% -6.4% vs high
Quarterly trajectory
Revenue by quarter (oldest → newest)
| Quarter | Revenue | Op income | Net income | EBITDA |
|---|---|---|---|---|
| 2026-06-30 | $60.80B | $18.77B | $15.85B | $18.76B |
| 2026-03-31 | $56.31B | $22.87B | $26.77B | $29.99B |
| 2025-12-31 | $59.89B | $24.75B | $22.77B | $31.47B |
| 2025-09-30 | $51.24B | $20.54B | $2.71B | $26.85B |
Recent news
- Neutral Report: Amazon to offload $8B worth of AI chips, lease them back · 2026-10-02
- Neutral Intuit Wasn’t on Cramer’s Muse Casualty List, and Traders Just Piled Into Its October Calls · 2026-10-02
- Bullish Morgan Stanley Strategist Sees “5 or 10%” Market Drawdown Potential as Five Megacaps Carry the S&P 500 · 2026-10-02
- Somewhat-Bullish Morgan Stanley Strategist Sees “5 or 10%” Market Drawdown Potential as Five Megacaps Carry the S&P 500 · 2026-10-02
- Somewhat-Bullish Siebert Williams Initiates Buy Rating on Vistra (VST) with $20 Price Target · 2026-10-02
- Somewhat-Bullish Oracle Corp Stock (ORCL) Moved Up by 4.14% on Oct 2: What Signal Does It Send? · 2026-10-02
Sources this view read
- fundamentals Company overview & valuation (Alpha Vantage OVERVIEW)
- filing Quarterly financial statements (Alpha Vantage INCOME/BALANCE/CASH)
- earnings Reported earnings history (Alpha Vantage EARNINGS)
- prices Adjusted daily prices (Alpha Vantage TIME_SERIES_DAILY_ADJUSTED)