市场资讯及洞察
Expected earnings date: Wednesday, 28 January 2026 (US, after market close) / early Thursday, 29 January 2026 (AEDT)
Key areas in focus
Advertising (Family of Apps)
Advertising remains Meta’s dominant revenue driver. AI-driven ad targeting, Reels monetisation, and engagement efficiency can be important contributors to revenue growth and may support advertiser outcomes, noting results can vary by advertiser, format, and market conditions.
User engagement and monetisation
Engagement trends across Facebook, Instagram, WhatsApp, and Threads remain closely watched as indicators that can influence monetisation assumptions and medium-term expectations.
Artificial intelligence
Meta views AI as a foundation for content discovery, advertising performance, and the development of generative tools. Markets may continue to evaluate whether AI-driven gains offset the level of infrastructure and data centre investment required to support these projects.
Reality Labs
Reality Labs remains loss-making. Management continues to frame AR/VR and metaverse-related platforms as long-term strategic investments, while acknowledging continued operating losses and a drag on earnings performance.
What happened last quarter
Meta’s most recent quarterly update highlighted strong revenue growth alongside ongoing investment themes.
The company’s reported (GAAP) net income and EPS reflected a one-time, non-cash income tax charge disclosed in the earnings materials, while management commentary also emphasised cost discipline and investment priorities.
Operating margins expanded year-on-year, despite elevated AI-related investment.
Last earnings key highlights
- Revenue: US$51.24 billion
- Earnings per share (EPS): US$1.05 (GAAP)
- Advertising revenue: US$50.08 billion
- Operating margin: 40%
- Reality Labs operating loss: about US$4.43 billion
How the market reacted last time
Meta shares fell in after-hours trading after the release. Commentary at the time highlighted strong top-line outcomes, alongside investor focus on the outlook for spending and the pace of AI and infrastructure investment.
What’s expected this quarter
Bloomberg consensus points to continued year-on-year revenue growth, led by advertising, with operating margins expected to remain elevated despite ongoing AI and infrastructure expenditure.
Bloomberg consensus reference points (January 2026)
- Revenue: about US$41 to US$43 billion
- EPS: about US$4.80 to US$5.10 (adjusted)
- Advertising growth: high-teens year on year (YoY)
- Operating margin: expected to remain above 40%
- Capital expenditure (capex): elevated, reflecting AI and data centre investment
*All above points observed as of 23 January 2026.
Expectations
Sentiment around Meta Platforms may be sensitive to any disappointment around advertising demand, margin sustainability, or the scale of ongoing investment in AI and Reality Labs.
Recent price action suggests that some market participants appear to be pricing in a relatively constructive earnings outcome, which can increase sensitivity to negative surprises.
Listed options were pricing an indicative move of around ±3% based on near-dated options expiring after 28 January and an at-the-money options-implied ‘expected move’ estimate.
Implied volatility was about 31% annualised into the event, as observed on Barchart at 11:00 am AEDT on 23 January 2026.
These are market-implied estimates and may change. Actual post-earnings moves can be larger or smaller.
What this means for Australian traders
Meta’s earnings may influence near-term sentiment across US technology indices, particularly the Nasdaq, with potential spillover into broader global equity risk appetite and index-linked products traded during the Asia session after the release, which can be volatile and unpredictable following earnings events.
Important risk note
Immediately after the US close and into the early Asia session, Nasdaq 100 (NDX) futures and related CFD pricing can reflect thinner liquidity, wider spreads, and sharper repricing around new information.
Such an environment can increase gap risk and execution uncertainty relative to regular-hours conditions.
热门话题
2月28日，苹果公司宣布他们努力了十年之久的电动车制造项目Titan计划正式破产。并且他们会将未来的发展重心放在全力研发生成式人工智能上。其造车团队的部分员工也已转岗至人工智能团队。这一消息可谓是轰动了一整个科技圈。苹果的股价也因此下滑了10%之多。
但尽管如此，苹果投入全部精力研发AI这件事情对于身为苹果忠实用户的我来说是个再好不过的消息。我相信不只是我，对于已经用习惯苹果ios系统的广大消费者来说，苹果在系统创新性研发上面的愈发疲软问题是目前最困扰大家的一点，那么如果苹果能够顺利转型，大众预期又会有怎样的变化呢？尤其是苹果与谷歌计划联手打造生成式人工智能了。早在2014年，苹果提出了计划打造出一款配备了革命性内饰且具备全自动语言导航驾驶系统的最先进的电动汽车这一大胆且具有创新性的项目。其创新理念是将电动汽车打造为一个移动起居室，方便人们在其中办公生活一体化，节省时间成本以及增加办公舒适度等。
因此苹果在设计上引入了很多新奇的构想，包括将座舱设计为微型巴士形式、吊舱式等。在外观上也设想过方形面包车式以及下切的高尔夫铁杆头样式的车头等。车箱的内部则是设计成前部有apple tv，座舱顶部设置有iPad大小的控制面板可以对常规功能进行设置，将苹果的生态系统闭环应用的淋漓尽致，同时也会设计一款可以向车厢两侧送气的特殊空调以避免对着乘客的脸直吹。然而苹果的造车之旅可谓是困难重重。首先，在自动化驾驶级别的设定上由于内部意见不一致以及实现的可能性问题苹果在不断地妥协，从最初的5级完全自动化驾驶设想最终降至2级，这也就意味着他们又要在内部设计上重新调整了。就这样在这十年间，为了平衡功能需求，实现难度，现实法规伦理约束等一系列问题，苹果可以说是费心费力费钱，筋疲力竭。预计的apple car面世时间也从2026年推迟至2028年。
压死苹果造车梦的最后一根稻草无疑是现如今自动化电动车领域的市场份额已经几乎没有剩余空间了。据最新数据显示比亚迪（21.1%）和特斯拉（16.01%）依旧牢牢占据市场领先地位，即使苹果能够克服重重困难研发成功，他想要迅速抢占自动化电动车市场的份额也几乎是不可能。就这样在研发难度大，成本高，利润微薄，并且造车风潮已然逐渐退场的境况下，苹果放弃了努力十年的造车梦全力转向AI领域。那么在人工智能遍地开花的时代，前有英伟达的实力压迫，后有Open AI这一头猛虎的强势赶超，苹果又将依靠什么脱颖而出呢？这不本周一苹果就迫不及待抛出噱头。有消息透露苹果正在与谷歌洽谈将Gemini人工智能引擎应用于iPhone，安卓霸主与ios系统鼻祖要联手一起搞事情了，这可是足以造成股市震动的历史性大事件！
果然苹果股价周一涨幅0.64%，期间最大涨幅逼近3%
谷歌当日最终涨幅为4.6%，期间最大涨幅波动超过6%
苹果与谷歌目前的处境可谓是同病相怜，三星推出的AI实时语音翻译功能，小米的AI摄影功能等抢尽了先机，相比之下苹果的Siri就显得极其普通甚至有些时候可以说是非常的气人的，从上图iPhone近三年间过山车一般的出货市占率也能够感受到苹果的尴尬处境。而谷歌则是处于被微软和Open AI的双重打压之下，Gemini与Sora两大模型几乎同时问世但却远不及Sora的功能酷炫，谷歌未能激起太大的水花。但是如果谷歌和苹果可以最终达成合作，成功的将Gemini模型嵌入ios系统使得苹果能够在手机端实现新的生成式AI功能，让用户实现与Siri进行多轮对话，那么这可以说将是一个质的飞越。究竟苹果与谷歌能否最终达成战略合作呢，让我们拭目以待。免责声明：GO Markets 分析师或外部发言人提供的信息基于其独立分析或个人经验。所表达的观点或交易风格仅代表其个人；并不代表 GO Markets 的观点或立场。联系方式：墨尔本 03 8658 0603悉尼 02 9188 0418中国地区(中文） 400 120 8537中国地区(英文） +248 4 671 903作者：Olivia Huang | GO Markets 悉尼中文部
FX markets enter the new week with market sentiment firmly risk-on with all-time highs seen in US and Japanese indexes after a blowout earnings report from AI darling Nvidia (NVDA) sent stocks surging. Ahead this week we have key inflation data out of the US, Australia and Japan along with a RBNZ rate decision which is certainly in play. The Charts to watch this week Gold – XAUUSD Despite the buoyant market sentiment gold gained last week as the USD chopped around without real direction.
XAUUSD finding good support at the 2020 USD an ounce level in the second half of the week. This will be a key level to watch coming into Thursdays PCE inflation data out of the US a cooler than expected reading could see the USD decline continue and likely to add to golds bullish recovery. USDJPY Japanese inflation data released Thursday is expected to show a sharp drop in January due to a high base last year this could impact the JPY even further, raising doubts around one of the Bank of Japan’s two conditions for policy normalisation and be bullish for USDJPY.
Though above 150 there is the specter of BoJ intervention such as we saw at these levels late in 2022. Currently 150 has become a support level for USDJPY, but upside in this pair seems capped with little upside momentum shown recently, FX traders no doubt cautious at these levels. AUDNZD Both AUD and NZD outperformed last week as market optimism and steps by Chinese authorities to support their stock market lifted both the Antipodean currencies.
NZD did outperform the Aussie though, with AUDNZD hitting new 9-month and 2024 lows. This week will be a big one for AUDNZD traders, with Aussie CPI expected to rise and a RBNZ rate decision where the bank is expected to hold rates both happening on Wednesday. The market is pricing in a 30% of a hike from the RBNZ, so whichever way they go expect some volatility in NZD crosses over this announcement.
Full Economic calendar of the week ahead at the following link: https://www.gomarkets.com/au/economic-calendar/
NVIDIA Corporation (NASDAQ: NVDA) recently briefly overtook Amazon.com Inc. (NASDAQ: AMZN) and Alphabet Inc. (NASDAQ: GOOGL) as the fourth largest company in the world after the share price rose to a new all-time high of $746.11 on 14/2/24. Since then, the share price has fallen by over 9%, pushing the company back to sixth place. On Wednesday, investors were awaiting the latest results from NVIDIA, which were released after the US market closed, and they did not disappoint.
The company achieved revenue, which topped Wall Street estimates at $22.1 billion vs. $20.395 billion expected. Revenue was up by whopping 265% from the same period last year. Earnings per share (EPS) was reported at $5.16 vs. $4.593 per share estimate.
EPS grew by 486.36% year-over-year. Full year revenue increased by 126% to $60.9 billion. Company overview Founded: 1993 Headquarters: Santa Clara, California, United States Number of employees: 26,196 (2023) Industry: Computer hardware, computer software, cloud computing, semiconductors, artificial intelligence, GPUs Graphics cards Consumer electronics Video games Key people: Jensen Huang (President and CEO) CEO commentary "Accelerated computing and generative AI have hit the tipping point.
Demand is surging worldwide across companies, industries and nations, " Jensen Huang, CEO of the US company said in a press release to shareholders. " Our Data Center platform is powered by increasingly diverse drivers — demand for data processing, training and inference from large cloud-service providers and GPU-specialized ones, as well as from enterprise software and consumer internet companies. Vertical industries — led by auto, financial services and healthcare — are now at a multibillion-dollar level," Huang concluded. Stock reaction Shares were down by 2.85% at the end of trading on Wednesday as investors were waiting for the latest earnings results.
The stock rose by over 5% in after-hours trading. One to watch at the open on Thursday. Stock performance 5 day: -8.99% 1 month: +9.60% 3 months: +38.05% Year-to-date: +35.80% 1 year: +224.05% NVIDIA stock price targets Rosenblatt: $1,100 Cantor Fitzgerald: $775 Piper Sandler Companies: $850 Loop Capital: $1,200 Wedbush: $800 Oppenheimer: $850 Wells Fargo & Company: $840 Susquehanna: $850 UBS Group: $850 Mizuho: $825 Morgan Stanley: $750 The Goldman Sachs Group: $800 Raymond James: $700 Tigress Financial: $790 KeyCorp: $740 DA Davidson: $410 NVIDIA Corporation is the 6 th largest company in the world with a market cap of $1.660 trillion, according to CompaniesMarketCap.
You can trade NVIDIA Corporation (NASDAQ: NVDA) and many other stocks from the NYSE, NASDAQ, HKEX and ASX with GO Markets as a Share CFD on the MetaTrader 5 platform. To find out more, go to "Trading" then select "Share CFDs". GO Markets offers pre-market and after-market trading on popular US Share CFDs.
Why trade during extended hours? Volatility never sleeps. Trade over earnings releases as they happen outside of main trading hours Reduce your risk and hedge your existing positions ahead of a new trading day Extended trading hours on popular US stocks means extended opportunities Sources: NVIDIA Corporation, TradingView, MarketWatch, MarketBeat, CompaniesMarketCap, Macrotrends
The much awaited NVDA Q4 earnings didn’t disappoint with the tech giant knocking it out of the park, handily beating analysts' expectations on the top and bottom lines. For the quarter, Nvidia reported adjusted earnings per share (EPS) of $5.16 on revenue of $22.1 billion. Analysts were expecting EPS of $4.60 on revenue of $20.4 billion.
For context the same period last quarter Nvidia reported EPS of $0.88 on $6.1 billion, a huge jump which saw NVDA stock surge over 7% after hours, touching the all-time highs set earlier in February. Gold rallied for the fifth straight session despite hawkish leaning FOMC minutes which saw a dip in XAUUSD to test the 2020 support level before rebounding. AUD and NZD were modestly up against the USD, with NZD outperforming its Aussie peer, sending AUDNZD below 1.06 and testing the 2024 lows, this despite Aussie Q4 wage price data coming in hotter than expected, rising to 4.2% against an expected 4.1%.
Some pricing in of a RBNZ hike next week seemingly the driver of NZD strength in this cross.
Chinese electric vehicle company Li Auto Inc. (NASDAQ: LI) announced Q4 and 2023 fully-year results before the US market opened on Monday to kick off a new trading week. Li Auto achieved revenue of $5.878 billion (up by 136.4% from Q4 2022) vs. $5.599 billion expected. EPS was reported at $0.594 per share in Q4, above estimate of $0.446 per share.
Full-year revenue reached $17.44 billion in 2023. The company delivered 376,030 cars, an increase of 182.2% vs. 2022. Company overview Founded: 2015 Headquarters: Beijing, China Number of employees: 19,396 (2022) Industry: Automotive Key people: Li Xiang (Chairman and CEO), Yanan Shen (President), Tie Li (CFO) CEO commentary Li Xiang said this in a statement to investors after the company announced better-than-expected results: "Undeterred by the fiercely competitive NEV market in 2023, Li Auto achieved an outstanding performance with its three Li L series models.
Full-year deliveries grew by 182.2%, reaching 376,030 vehicles, making us the best-selling brand among NEVs priced above RMB300,000 in China. In December, we released the OTA version 5.0 for Li L series. With comprehensive enhancement in autonomous driving and smart space, we bring even more exceptional experience to family users.
With our significantly increasing scale, continued research and development advancement, and consistently improving operating efficiency throughout the year, 2023 marks our best financial performance yet, setting a solid foundation for Li Auto’s growth to diversify its product matrix and cater to a broader range of user needs in 2024." Stock reaction The latest results not only had a positive impact on Li Auto stock but on the whole EV market in general. Li Auto shares surged by over 18% on Monday, trading at $41.34 a share – the highest level since 20/11/23. Here is how other EV stocks performed on Monday.
Stock performance 5 day: +27.35% 1 month: +44.89% 3 months: +1.47% Year-to-date: +7.65% 1 year: +72.93% Li Auto stock price targets Deutsche Bank: $41 Bank of America: $60 Barclays: $48 HSBC: $43 Morgan Stanley: $40 Li Auto Inc. is the 465 th largest company in the world with a market cap of $41.18 billion, according to CompaniesMarketCap. You can trade Li Auto Inc. (NASDAQ: LI) and many other stocks from the NYSE, NASDAQ, HKEX and ASX with GO Markets as a Share CFD on the MetaTrader 5 platform. To find out more, go to "Trading" then select "Share CFDs".
GO Markets offers pre-market and after-market trading on popular US Share CFDs. Why trade during extended hours? Volatility never sleeps.
Trade over earnings releases as they happen outside of main trading hours Reduce your risk and hedge your existing positions ahead of a new trading day Extended trading hours on popular US stocks means extended opportunities Sources: Li Auto Inc., TradingView, MarketWatch, MarketBeat, CompaniesMarketCap
Business software company Intuit Inc. (NASDAQ: INTU) reported Q2 of fiscal 2024 earnings results after the market closed in the US on Thursday. The company achieved revenue that was in line with analyst estimates at $3.386 billion. Revenue increased by 11% year-over-year.
Earnings per share topped Wall Street estimates at $2.63 (up by 20% year-over-year) vs. $2.297 per share expected. Company overview Founded: 1983 Headquarters: Mountain View, California, United States Number of employees: 18,200 (2023) Industry: Enterprise software Key people: Sasan Goodarzi (CEO), Scott Cook (Chairman) CEO commentary "We had another strong quarter as consumers and small businesses continue to rely on Intuit’s platform to power their prosperity," Sasan Goodarzi, CEO of Intuit said in a statement to investors. "We have great momentum innovating across our products, and we're well on our way to becoming the trusted assistant that our customers use to fuel their financial success," Goodarzi added. Stock reaction The stock was up by 3.08% on Thursday, trading at $657.92 a share.
There was no great deal of movement in after-hours trading as investors digested the latest results. Stock performance 5 day: -1.49% 1 month: +2.01% 3 months: +15.98% Year-to-date: +4.70% 1 year: +58.88% Intuit stock price targets Wells Fargo & Company: $710 Oppenheimer: $678 KeyCorp: $700 Susquehanna: $700 Citigroup: $651 Barclays: $660 Piper Sandler: $642 BMO Capital Markets: $640 Morgan Stanley: $570 Stifel Nicolaus: $600 Mizuho: $625 JP Morgan Chase & Co.: $470 HSBC: $520 Wolfe Research: $660 Argus: $640 Deutsche Bank: $575 Credit Suisse Group: $570 Intuit Inc. is the 66 th largest company in the world with a market cap of $183.13 billion, according to CompaniesMarketCap. You can trade Intuit Inc. (NASDAQ: INTU) and many other stocks from the NYSE, NASDAQ, HKEX and ASX with GO Markets as a Share CFD on the MetaTrader 5 platform.
To find out more, go to "Trading" then select "Share CFDs". GO Markets offers pre-market and after-market trading on popular US Share CFDs. Why trade during extended hours?
Volatility never sleeps. Trade over earnings releases as they happen outside of main trading hours Reduce your risk and hedge your existing positions ahead of a new trading day Extended trading hours on popular US stocks means extended opportunities Sources: Intuit Inc., TradingView, MarketWatch, MarketBeat, CompaniesMarketCap