Meta Platforms stock edges higher as Q2 revenue hit $60.8 billion
Published on 08/25/2026 at 07:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Meta Platforms Inc. (US30303M1027) stock traded at $559.02 on August 24, 2026, after a 1.7% move, while the company reported second-quarter 2026 revenue of $60.8 billion and earnings of $6.18 per share.
The report still matters because revenue rose 28.0% from the same quarter last year, even as EPS missed the $7.19 consensus by $1.01, a gap that keeps attention on spending and margin pressure.
Market tone stays mixed
Shares reached an intraday high of $561.42 and closed near that level, with volume at 12.7 million shares in one market snapshot and 143.76K shares on another intraday feed. The market-cap readouts also stayed large at $1.40 trillion and $1.42 trillion across the quoted pages.
That valuation backdrop is notable because the stock is still below the August 14, 2026 close of $589.76 and far under the August 12, 2026 session high of $604.28, so traders are still pricing the post-earnings reset.
Ad growth still leads
Second-quarter advertising revenue reached $59.4 billion, up 27% year over year, with ad impressions up 14% and average price per ad up 12%. Those figures explain why the top line stayed strong even while the earnings line came in softer than expected.
Analyst consensus for 2026 earnings remains in the low $30s per share, with one quoted estimate at $31.90 and another at $28.5, which shows how wide the market's forward assumptions remain after the latest quarter.
Products and spend
The company's ad engine still centers on the Family of Apps, where pricing power and impression growth both contributed to the quarter's 28.0% revenue increase. That mix matters more than the headline move because it shows Meta is still monetizing traffic even as costs stay elevated.
One recent note also pointed to the company's AI push through MTIA 300, a reminder that infrastructure spending remains part of the current story alongside advertising demand.
Price and valuation
Meta Platforms stock traded at $559.02 on August 24, 2026, with a market cap of $1.40 trillion in one quote feed and $1.42 trillion in another. The stock was also below the August 21, 2026 close of $549.89? No, the more relevant benchmark is the August 14, 2026 close of $589.76 and the August 12, 2026 high of $604.28, both of which frame the recent pullback.
Fact box
Company: Meta Platforms Inc.
ISIN: US30303M1027
Ticker: META
Exchange: Nasdaq
Sector / Industry: Communication Services / Interactive Media
Index membership: Nasdaq-100
Market cap: $1.40 trillion
Price (as of August 24, 2026): $559.02 USD
Next earnings date: November 4, 2026
Investor context
For investors, the key tension is simple: $60.8 billion in quarterly revenue and 28.0% growth point to durable ad demand, while the $6.18 EPS print and the $1.01 miss show that spending still matters. Meta Platforms stock remains a valuation-and-margin story, not just a growth story.
