On July 29, local time, the US internet technology giant Meta announced its financial report for the second quarter of 2026. During the second fiscal quarter, the company's revenue increased 28% year on year, but net profit fell 14% year on year, and free cash flow fell 91% year on year, mainly due to huge spending on AI infrastructure. Some analysts don't buy Meta's earnings report, believing that “almost all of the cash generated is being eaten up by AI infrastructure spending.” Regarding the company's third-quarter revenue forecast, the media called it “disappointing.” According to reports, Forrester Research's research director said, “Investors must now determine whether Meta's growing AI projects mean diversification of the business or are distracting the company.” As of press time, Meta's US stock fell more than 8% in the premarket.

On July 29, local time, the US internet technology giant Meta announced its financial report for the second quarter of 2026. During the second fiscal quarter, the company's revenue increased 28% year on year, but net profit fell 14% year on year, and free cash flow fell 91% year on year, mainly due to huge spending on AI infrastructure. Some analysts don't buy Meta's earnings report, believing that “almost all of the cash generated is being eaten up by AI infrastructure spending.” Regarding the company's third-quarter revenue forecast, the media called it “disappointing.” According to reports, Forrester Research's research director said, “Investors must now determine whether Meta's growing AI projects mean diversification of the business or are distracting the company.” As of press time, Meta's US stock fell more than 8% in the premarket.