Coverage summary
Aardvark Labs Capital Research has covered Meta Platforms (META) since May 1, 2025. The company is in the Communication Services sector. This page lists 8 reports: 7 earnings recaps and 1 earnings preview.
The latest is the Q3 2026 Earnings Recap, published October 22, 2026. The current rating is Hold, unchanged since the Q2 2026 Earnings Recap of August 1, 2026. The rating has changed 3 times since coverage began.
Translations: 7 in Chinese.
The Excel model for META holds 21 quarters and 5 fiscal years of history and 7 quarters and 5 fiscal years of projections. It was last updated September 28, 2026.
Rating history
All META reports
Recap: Q3 2026
Revenue Grew 26%, Clean EPS Grew 2%, and Meta Built a Non-Voting Share for the Funding Gap
Recap: Q2 2026
The Margin Break Is Opex, Not Depreciation, and Depreciation Is Still Ahead
Recap: Q1 2026
Fastest Growth Since 2021 Gets Punished as Capex Ceiling Moves Up Again — Sell-Off Hands Long-Term Investors a Better Entry
Flashcap: Q1 2026
Capex Bill Comes Due: Top Line Beats and FoA Rips +33%, but FY26 Capex Raised $10B, Buybacks Zeroed, and DAP Misses — Stock -7% AH
Recap: Q4 2025
Spending Bombshell Lands, Stock Rallies Anyway — Maintaining Hold as the OI-Growth Pledge Anchors a Larger Bet
Recap: Q3 2025
Strong Quarter, Bigger Bet — Downgrading to Hold as 2026 Spending Outruns the ROI Evidence
Recap: Q2 2025
Superintelligence Pivot Lands With a 22% Revenue Print to Back It Up — Now the Capex Bill Comes Due
Recap: Q1 2025
AI Investment Cycle Starts to Pay Out — But Zuckerberg Just Raised the Ante on Capex