Netflix (NASDAQ:NFLX) Issues Q2 2026 Earnings Guidance

Netflix (NASDAQ:NFLX) issued an update on its second quarter 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 0.780-0.780 for the period, compared to the consensus EPS estimate of 0.840. The company issued revenue guidance of $12.6 billion-$12.6 billion, compared to the consensus revenue estimate of $12.6 billion. Netflix also updated its FY 2026 guidance to EPS.

Netflix Stock Up 0.1%

Shares of NFLX opened at $107.79 on Friday. The business’s 50 day moving average is $91.90 and its 200 day moving average is $98.56. The company has a market capitalization of $455.11 billion, a PE ratio of 42.66, a price-to-earnings-growth ratio of 1.58 and a beta of 1.67. Netflix has a 12-month low of $75.01 and a 12-month high of $134.12. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.51.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, April 16th. The Internet television network reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.47. The company had revenue of $12.25 billion for the quarter, compared to the consensus estimate of $12.17 billion. Netflix had a return on equity of 43.26% and a net margin of 24.30%.The firm’s quarterly revenue was up 16.2% on a year-over-year basis. During the same quarter last year, the company earned $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Research analysts expect that Netflix will post 24.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on NFLX shares. Pivotal Research set a $96.00 target price on Netflix and gave the company a “hold” rating in a research note on Friday. Susquehanna raised Netflix to a “positive” rating and set a $112.00 target price on the stock in a research note on Wednesday, January 21st. The Goldman Sachs Group raised Netflix from a “neutral” rating to a “buy” rating in a research note on Monday. Citizens Jmp reissued a “market perform” rating on shares of Netflix in a research note on Wednesday. Finally, JPMorgan Chase & Co. assumed coverage on Netflix in a report on Monday, March 2nd. They set an “overweight” rating and a $120.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $115.70.

Insider Transactions at Netflix

In other Netflix news, insider David A. Hyman sold 5,727 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $81.06, for a total transaction of $464,230.62. Following the completion of the transaction, the insider owned 316,100 shares in the company, valued at $25,623,066. This trade represents a 1.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Spencer Adam Neumann sold 57,260 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $95.50, for a total value of $5,468,330.00. Following the transaction, the chief financial officer owned 73,787 shares of the company’s stock, valued at $7,046,658.50. This represents a 43.69% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 1,487,794 shares of company stock worth $136,255,772. 1.37% of the stock is owned by corporate insiders.

Trending Headlines about Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Q1 results beat consensus — Netflix reported $12.25B in revenue and $1.23 GAAP EPS, beating street revenue and EPS expectations and showing margin expansion and strong cash flow. Q1 Results
• Positive Sentiment: Ad and pricing tailwinds cited — management and some analysts point to higher pricing and accelerating ad revenue as durable profit drivers, supporting continued buy ratings from several firms. Analyst Take
• Neutral Sentiment: Co?founder Reed Hastings will not stand for re?election to the board in June — Netflix says he’s pursuing philanthropy; the move removes a long?time presence but management frames it as orderly. Hastings Exit
• Neutral Sentiment: Market context: risk appetite is mixed (futures up on geopolitical optimism) which may temper a broader market selloff but leaves company?specific headlines to drive NFLX. Market Futures
• Negative Sentiment: Disappointing Q2/near?term guidance — Netflix set Q2 EPS at $0.78 (below consensus ~$0.84) and issued conservative near?term revenue guidance, triggering investor concern that growth and engagement may slow. Guidance Miss
• Negative Sentiment: Market skepticism over one?time gains and sustainability — some investors see the big profit beat as partly driven by a Warner Bros. breakup fee and price increases, raising doubts about repeatable top?line momentum and prompting profit?taking. One?time Gains Concern
• Negative Sentiment: Strategic risks flagged by analysts — commentary warns of engagement friction, dependence on large sports/content deals, and tougher competition for scripted franchises, which could pressure future growth and content ROI. Analyst Concerns

Hedge Funds Weigh In On Netflix

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Pacific Sun Financial Corp boosted its holdings in shares of Netflix by 1.6% in the 3rd quarter. Pacific Sun Financial Corp now owns 574 shares of the Internet television network’s stock worth $688,000 after purchasing an additional 9 shares during the period. Beaird Harris Wealth Management LLC boosted its holdings in shares of Netflix by 9.6% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 114 shares of the Internet television network’s stock worth $137,000 after purchasing an additional 10 shares during the period. Monograph Wealth Advisors LLC boosted its holdings in shares of Netflix by 1.8% in the 2nd quarter. Monograph Wealth Advisors LLC now owns 682 shares of the Internet television network’s stock worth $913,000 after purchasing an additional 12 shares during the period. Resources Management Corp CT ADV boosted its holdings in shares of Netflix by 2.0% in the 2nd quarter. Resources Management Corp CT ADV now owns 829 shares of the Internet television network’s stock worth $1,110,000 after purchasing an additional 16 shares during the period. Finally, Sompo Asset Management Co. Ltd. boosted its holdings in shares of Netflix by 1.4% in the 2nd quarter. Sompo Asset Management Co. Ltd. now owns 1,500 shares of the Internet television network’s stock worth $2,009,000 after purchasing an additional 20 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

About Netflix

Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.