Why did NFLX move on Jul 16, 2026?
16:01 ET · AI-sourced explanation · gemini-flash-latest
Netflix shares fell 7.5% in after-hours trading following the release of its Q2 2026 earnings report, where a slight Q2 EPS beat of $0.80 versus the $0.79 estimate [5, 12] was overshadowed by weak forward guidance. Specifically, the company's Q3 revenue outlook of $12.86 billion missed the $13.01 billion estimate [1, 25], and its Q3 EPS guidance of $0.82 fell short of the $0.84 Wall Street projection [3, 11, 25]. Additionally, Netflix reported Q2 free cash flow of $1.53 billion, significantly missing the estimated $2.72 billion [21, 32].
Sources
- [25]tradfi news (@tradfi) · Twitter
- [32]financialjuice: $NFLX Netflix Q2 Earnings EPS $0.80, est. $0.79 Revenue $12.56B, est. $12.58B Free cash flow $1.53B, est. $2.72B Sees Q3 EPS $0.82, est. $0.84 Sees Q3 revenue $12.86B, est. $13.0B Sees Q3 operating income $4.27B, est. $4.36B Sees Q3 operating margin 33.2%, est. 33.5% Sees FY revenue $51.0B to $51.4B, saw $50.7B to $51.7B Sees FY revenue growth +13% to +14%, saw +12% to +14% Still sees FY operating margin 31.5%, est. 31.7% Still sees FY free cash flow about $12.5B, est. $13.09B Still sees 2026 advertising revenue on track to reach about $3B · Twitter