Meta CEO Mark Zuckerberg wears the Meta Ray-Ban Display glasses, as he delivers a speech presenting the new line of smart glasses, during the Meta Connect event at the company's headquarters in Menlo Park, California, U.S., Sept. 17, 2025.
Meta is slated to report third-quarter earnings on Wednesday after the bell and investors will be watching for any indication that it will increase spending on artificial intelligence.
Here's what analysts polled by LSEG are expecting:
Earnings per share : $6.69
: $6.69 Revenue: $49.4 billion
Meta has spent the year investing heavily in AI, and it conducted a massive overhaul of the organization leading those efforts after the lukewarm debut of its open-source Llama 4 software in April.
The social media company said last Wednesday that it would lay off about 600 workers in its Superintelligence Labs AI unit, but it left that group's top-tier TBD Labs unscathed. A day before, Meta said it formed a joint venture agreement with Blue Owl Capital in a deal worth $27 billion to help fund and build a gigantic data center in Richland Parish, Louisiana.
When it reported second-quarter earnings in July, Meta said that its heavy AI spending would "result in a 2026 year-over-year expense growth rate that is above the 2025 expense growth." At the time, Meta raised the low end of its previous outlook for 2025 total expenses and said it expected the figure to come in the range of $114 billion to $118 billion.
Wall Street is expecting Meta to report third-quarter sales of $49.4 billion, representing a 22% year-over-year increase, according to LSEG. Overall sales for Meta's full year are projected to jump 19% year over year to $196.2 billion.
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