MELI reported Q2 2026 earnings showing that increased AI investments resulted in product development expenses falling from 8.4% to 7.2% of revenue. The company noted a 110% year-over-year increase in code submissions, with autonomous agents reviewing over half a million submissions and migrating 9,000 services. CEO Ariel Szarfsztejn highlighted that 2026 marks the first year the engineering team is not growing.