Meta Q3 2026 earnings: Live updates on revenue, AI spending, and stock reaction

Meta is scheduled to report its third-quarter 2026 earnings after the bell on Wednesday, with analysts expecting earnings per share of $5.75 and revenue of $63.2 billion, according to LSEG. Investors are focused on the success of the Muse AI personal assistant, launched in September, which topped Apple's iOS app store and helped Meta post its best month on Wall Street since 2022. Wall Street will also monitor whether Meta plans to increase its data center capital expenditures, which it narrowed to between $130 billion and $145 billion for 2026 in July. Meta's third-quarter daily active people is expected to be 3.65 billion, nearly flat from the prior quarter, according to StreetAccount. The company's free cash flow shrank to $784 million in the second quarter from $8.55 billion a year earlier due to heavy AI spending, with analysts projecting capex to reach $196.3 billion in 2027.