Quarterly ResultJul 16, 2026, 04:07 PM
Netflix Q2 Revenue $12.6B, Operating Margin 33%; Narrows 2026 Outlook
AI Summary
Netflix reported solid Q2 2026 financial results, with revenue reaching $12.6 billion, up 13% year over year, and an operating margin of 33.4%, both meeting or slightly exceeding guidance. The company narrowed its full-year 2026 revenue forecast to $51.0-$51.4 billion and maintained its operating margin forecast at 31.5%, indicating consistent performance. Strategic initiatives in content, AI integration, and monetization, including a projected $3 billion in ads revenue for 2026, are progressing well, alongside significant share repurchases.
Key Highlights
- Q2 2026 revenue grew 13% year over year to $12.6B, in-line with guidance.
- Q2 2026 operating margin was 33.4%, slightly ahead of forecast.
- Q2 2026 diluted EPS was $0.80, an 11% increase year over year.
- Full-year 2026 revenue forecast narrowed to $51.0-$51.4B, consistent with prior guidance.
- Full-year 2026 operating margin forecast maintained at 31.5%.
- Q2 2026 free cash flow totaled $1.5B.
- Repurchased $4.7B of stock in Q2 2026, with $27.1B capacity remaining.
- H1 2026 view hours grew 2% year over year to 97 billion hours.
Price Impact
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