| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q2'26 | July 29, 2026 | 4/12 | 2 high, 6 medium flags | 6 | 0 | Call sheet → |
| Q1'26 | April 29, 2026 | 6/12 | 2 high, 2 medium, 2 low flags | 2 | 1 | Call sheet → |
| Q4'25 | January 28, 2026 | 5/12 | - | 3 | 3 | Call sheet → |
| Q3'25 | October 29, 2025 | 6/12 | 2 high, 3 medium, 1 low flags | 5 | 0 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q2'26 | Delivered | Reduce headcount by ~1% QoQ (Q1) Quarterly headcount fell from 77,900 to 75,000 (-3%). |
| Q2'26 | Exceeded | Q2 revenue guidance $58‑61 B (Q1) Q2 delivered $60.8 B, within the range. |
| Q2'26 | Exceeded | Deploy Meta Business Agent to 1 M businesses weekly (Q1) Q2 reports >10 M weekly conversations, 1 M businesses still the base. |
| Q2'26 | Exceeded | Launch Advantage Plus with $75 B ARR (Q1) Q2 cites $75 B ARR as current, no growth rate disclosed. |
| Q2'26 | Delivered | Increase the length of user interaction sequences for training (Q1) Q2 notes longer sequences now used across ranking models, with early gains in fresh content. |
| Q2'26 | Pending | AI glasses to be the fastest‑growing consumer electronics category (Q1) Q2 says early sales exceeded expectations but no unit numbers; growth rate still unclear. |
| Q2'26 | Delivered | Release of Muse Spark as a world‑class assistant (Q1) Muse Spark launched and powered Meta AI; usage metrics reported as double‑digit week‑over‑week gains. |
| Q1'26 | Missed | Making VR business sustainable while investing in other areas Reality Labs revenue fell 58% sequentially, sustainability looks further away |
| Q1'26 | Pending | Personal superintelligence to billions of people Still very early, Meta AI scaling but nowhere near billions of meaningful users |
| Q1'26 | Pending | We expect to deliver operating income above 2025 levels Maintained this commitment despite CapEx increase, will be key test |
| Q1'26 | Delivered | Reality Labs losses will be similar to 2025 and likely peak Maintained this guidance, Q1 Reality Labs revenue decline manageable |
| Q1'26 | Delivered | We'll show rapid trajectory with our first models Muse Spark launched and they claim strong user feedback, though no specific metrics |
| Q1'26 | Pending | 2026 will be a year where this wave accelerates on several fronts Too early to judge, but they've already softened language around timeline expectations |
| Q4'25 | Missed | Continued Advantage+ adoption growth Stopped reporting $60B ARR figure entirely |
| Q4'25 | Missed | Meta AI usage growth with model improvements Stopped reporting user numbers, pivoted to geographic coverage |
| Q4'25 | Delivered | Faster expense growth percentage in 2026 38-47% expense growth vs 22-24% in 2025 |
| Q4'25 | Exceeded | 'Significant' 2026 CapEx growth $115-135B vs $70-72B is 64-88% growth - well beyond 'significant' |
| Q4'25 | Pending | WhatsApp status ads rollout completion 'next year' Now saying 'throughout the year' for 2026 - timeline softened |
| Q4'25 | Delivered | Q4 Reality Labs revenue decline due to Quest 3S comp Called -12% YoY decline accurately |
| Q4'25 | Missed | MSL progress sharing 'over the coming months' Mark explicitly said answers would be 'unfulfilling' and called it a 'long-term effort' |
| Q3'25 | Exceeded | Significant CapEx dollar growth in 2026 similar to 2025 Now expect 'notably larger' dollar growth, bigger increase than originally indicated |
| Q3'25 | Delivered | Continue seeing very compelling returns from AI capacity investments Confirmed strong ROI on core AI, though now describe business as 'compute starved' |
| Q3'25 | Exceeded | Reality Labs growth momentum to continue with Ray-Ban Meta Ray-Ban display glasses sold out in 48 hours, exceeding demand expectations |
| Q3'25 | Pending | More to share on Meta AI translation and dubbing efforts later this year No update provided in Q3, timeline still open |
| Q3'25 | Delivered | Gradually introduce WhatsApp status ads through this year and next Rolling out globally with completion expected next year as promised |
| Q3'25 | Delivered | Complete rollout of streamlined campaign creation for Advantage+ leads in coming months Completed globally in Q3, contributing to $60B annual run rate achievement |
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