Meta Revenue Climbs 26% as 2026 Capital Spending Range Narrows

Meta's third-quarter revenue rose 26% to $64.6 billion, while the company raised its 2026 capital spending floor, putting its AI investment plans in focus for markets. Meta set its 2026 capital spending range at $135 billion to $145 billion, moving the low end up from $130 billion while keeping the $145 billion ceiling unchanged. The company expects the spending to support its core business and AI initiatives, with active investment continuing into 2027. A $9.9 billion legal expense weighed on results. Operating income fell 37% year over year to $12.99 billion, while net income climbed 264% to $9.86 billion.

Source: TokenPost