META Q3 FY2026 earnings: EPS beat by 13.1%, revenue beat by 2.0%
Meta Platforms, Inc. reported Q3 FY2026. EPS came in at $7.40 against a $6.54 consensus, beat by 13.1%. Revenue was $64.6B versus $63.3B expected, beat by 2.0%. Gross margin was 79.3%, down 210 bps from last quarter.
§
The quarter in numbers
| Metric | Actual | Consensus | Surprise |
|---|---|---|---|
| EPS | $7.40 | $6.54 | beat by 13.1% |
| Revenue | $64.6B | $63.3B | beat by 2.0% |
| Line | This quarter | QoQ | YoY |
|---|---|---|---|
| Revenue | $64.6B | +6.2% | +26.1% |
| Gross profit | $51.2B | +3.6% | +21.9% |
| Operating income | $13.0B | -30.8% | -36.8% |
| Net income | $9.9B | -37.8% | +264.0% |
| Diluted EPS | $3.83 | -38.0% | +264.8% |
| Gross margin: 79.3%. |
§
The trend
Revenue is up 26.1% from the same quarter last year. Gross margin sits at 79.3%, 280 bps off its 8-quarter high.
§
How it stacks up
Pro
This section is part of the Pro report for META.
Subscribe — $49.99/mo →
§
Go deeper on META
The Weekly Semi Engine
The week in semiconductors, in your inbox. Free.
Every Saturday: the tape, the rotation, the prints that mattered, and what the desk is watching next week. No noise.
Get it every Saturday →