FinanceCNBC Techabout 1 hour ago
Meta Earnings Show AI Spending Surge
2 min read
Meta prepares to report third-quarter earnings on Wednesday, with analysts expecting $5.75 per share and $63.2 billion in revenue. The company narrowed its 2026 capital expenditure guidance to $130 billion to $145 billion, a $5 billion increase. Consequently, free cash flow shrank to $784 million from $8.55 billion. Analysts project 2027 capex will swell to $196.3 billion.
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