Meta has unveiled its financial results for the second fiscal quarter of FY2026, revealing a total operating revenue of US$60.801 billion, marking a 28% increase year-on-year. The gross profit reached US$49.471 billion, up by 26.77% from the previous year, while the gross profit margin stood at 81.37%, showing a slight decrease of 0.76 percentage points year-on-year. The net profit attributable to the parent company was US$15.848 billion, experiencing a 14% decline year-on-year. Operating cash flow amounted to US$31.862 billion, up by 24.65% year-on-year, whereas free cash flow plummeted by 90.83% year-on-year to US$784 million. Basic earnings per share were US$6.23, a decrease of 14.42% year-on-year, and diluted earnings per share were US$6.18, down by 13.45% year-on-year. The asset-liability ratio was recorded at 41.94%. While revenue surpassed market expectations, diluted earnings per share fell short of projections. Key highlights from the financial report include sustained growth in the advertising sector and AI-driven business expansion. Looking ahead, Meta anticipates its third-quarter revenue to range between US$61 billion and US$64 billion, with potential headwinds from currency exchange rates estimated at around 1%. For the full year of 2026, total expenses are projected to be between US$165 billion and US$169 billion, with capital expenditures expected to fall within the range of US$130 billion to US$145 billion. The remaining quarterly tax rate is anticipated to be between 15% and 17%. Risk warnings encompass regulatory oversight and litigation concerning teenagers, as well as cash flow pressures stemming from AI capital investments.