Meta Guides Q4 Revenue Up to $76 Billion Amid Surging AI Infrastructure Spending

Meta Platforms projects fourth-quarter revenue between $73 billion and $76 billion while narrowing full-year 2026 capital expenditure guidance to $135 billion-$145 billion. The outlook follows third-quarter results where revenue rose 26% year-over-year to $64.6 billion and adjusted EPS reached $7.40, beating analyst expectations. However, quarterly capital expenditures of $34.91 billion pushed free cash flow to negative $2.12 billion. Robust top-line expansion was driven by a 14% increase in average ad pricing and a 10% rise in impressions, while noncancelable commitments climbed to $454.5 billion.