When Meta (META) reports second quarter earnings on Wednesday afternoon, all eyes will be on its capital expenditures plan for the rest of the year and in 2027. The lagging performance coincides with Meta's massive annual capex increases, seen below in the orange bars on the Yahoo Finance AlphaSpace chart. "Capex remains a key debate [on the stock]," Deutsche Bank analyst Benjamin Black wrote in a note. "However, now, it is likely investors fear an increase in FY26 outlook likely may be coming." Click here for in-depth analysis of the latest stock market news and events moving stock pricesRead the latest financial and business news from Yahoo Finance