| NFLX |
Report |
Q2'26 Revenue |
IN-LINE |
pred ~$12.63B vs. cons ~$12.58B |
HIGH |
| NFLX |
Report |
Q2'26 Diluted EPS |
BEAT |
pred ~$0.83 vs. cons ~$0.79 |
MEDIUM |
| NFLX |
Report |
Q2'26 Operating margin |
BEAT |
pred ~33.4% vs. cons ~32.6% |
MEDIUM |
| NFLX |
Guide |
Q3'26 Revenue guide |
BETTER |
guide ~$13.05B vs. cons ~$12.95B (Q3'26) |
MEDIUM |
| NFLX |
Guide |
FY26 Revenue framework |
UNCHANGED |
guide ~$50.7-51.7B vs. cons ~$51.2B (FY26) |
HIGH |
| NFLX |
Guide |
FY26 Operating margin |
UNCHANGED |
guide ~31.5% vs. cons ~31.5% (FY26) |
HIGH |
| NFLX |
Guide |
FY26 Ad revenue trajectory |
UNCHANGED |
guide ~$3.0B (roughly 2x) vs. cons ~$3.0B (FY26) |
MEDIUM |
| NFLX |
Guide |
H1'26 Engagement (view-hours/quality metric) |
UNKNOWN |
pred ~flat-to-up view-hrs/H1 report vs. cons feared decline (H1'26) |
LOW |
| NFLX |
Guide |
FY26 Free cash flow |
UNCHANGED |
guide ~$12.5B vs. cons ~$12.5B (FY26) |
MEDIUM |
| NFLX |
Return |
Day-1 residual (stock − beta × S&P 500) |
+6.0% |
— |
MEDIUM |
| NFLX |
Return |
5-day cumulative residual |
+7.5% (STABILIZE) |
Classic rope-a-dope: stock is down ~32% from the April high near a 2-yr low with washed-out sentiment and bullishly-positioned options into the print. An EPS/margin beat plus a reaffirmed FY revenue/margin/FCF framework and an in-line-to-slightly-better Q3 guide relieves the engagement panic and drives a sharp day-1 relief pop. Into day 5 it stabilizes rather than fully fades: valuation is de-risked and oversold, but because the FY guide is only reaffirmed (not meaningfully raised) and the engagement debate is unresolved, out-period estimate revisions are muted—so the pop holds without strong further follow-through. |
LOW |