Overview
- Meta reports Wednesday after the bell, with Bloomberg consensus calling for $49.6 billion in revenue and $6.72 in EPS driven largely by advertising.
- Options pricing points to a roughly 6% swing in either direction following the release, signaling sensitivity to results and guidance.
- Wall Street remains broadly positive, with most analysts rating Buy and average targets near $878, including $900 calls from Truist and Stifel.
- Meta lifted its 2025 capex plan to $72 billion from $65 billion and has funded AI efforts with a $14.3 billion Scale AI investment, a $1.5 billion El Paso data center, and a $27 billion Blue Owl financing for its Hyperion site.
- The call focus is expected to be 2026 capex guidance, with forecasts near $97–$103 billion, alongside cost-control signals such as recent reported layoffs, including about 600 roles in its AI division.