Meta GAAP EPS of $6.18 misses by $1.04, revenue of $60.8B beats by $510M

Meta reported second-quarter 2026 results with a mixed earnings reaction: GAAP EPS of $6.18 missed expectations by $1.04, while revenue of $60.8 billion rose 27.9% year over year and beat estimates by $510 million. The company also highlighted continued engagement strength, with Family daily active people averaging 3.60 billion in June 2026, up 3% from a year earlier. The market impact is likely driven by the earnings miss versus strong top-line growth, suggesting investors may focus on margin pressure, spending, and whether ad performance can keep supporting rapid revenue expansion. The headline results point to fundamentally strong business momentum, but near-term sentiment may remain pressured by the profit miss.