Meta publishes transcript of Q2 2026 earnings call prepared remarks

Meta Platforms posted prepared remarks for its Q2 2026 results call attended by CEO Mark Zuckerberg, CFO Susan Li, and VP Finance Chad Heaton.

Zuckerberg highlighted AI-driven gains in recommendations and ads, citing faster year-over-year ad revenue growth than any reported peer ad business.

Li reported Q2 revenue of $60.8 billion, up 28%, with Family of Apps ad revenue of $59.4 billion, up 27%.

Expenses rose 55% to $42 billion, including $2.4 billion in legal charges and $1.2 billion in severance. Capital expenditures were $31.1 billion.

Management flagged new revenue lines in subscriptions, APIs, business agents, and compute sales, and announced a BlackRock venture for a 1GW El Paso data center.