Meta Platforms Inc. (META · NASDAQ)

Meta Platforms posted 28.0% year-over-year revenue growth with TTM revenue of $228.25B, but earnings fell 13.4%, and its most recent quarter (June 30, 2026) missed estimates with EPS of $6.18 versus $7.10 expected—a reversal after three consecutive beats. Capital expenditure of $30.12B consumed nearly all of the quarter's $31.86B in operating cash flow, leaving free cash flow at just $1.75B, though leverage remains modest at 1.0x debt/EBITDA. The stock closed at $738.88, up 20.5% over the past month and 17.6% above its 200-day moving average, sitting 5.0% below its 52-week high, while Wells Fargo raised its target to $1,000 citing Muse AI assistant adoption. Margins remain strong—81.7% gross and 34.8% operating—though the latest quarter's operating income of $18.77B was the lowest of the past four.