Meta Set to Report Third-Quarter Results as Investors Eye Rising AI Capital Expenditures

Meta Platforms is scheduled to report its third-quarter earnings after the market close on Wednesday, Oct. 21, following an advanced reporting date from the expected Oct. 28. The company previously guided third-quarter revenue between $61 billion and $64 billion, with analyst revenue estimates hovering around $63.36 billion to $63.39 billion and EPS projected between $5.70 and $5.89. Investor scrutiny centers on heavy AI infrastructure spending, with full-year 2026 capital expenditures projected between $130 billion and $145 billion, which compressed last quarter's free cash flow to $784 million from $31.9 billion in operating cash flow.