Netflix (NASDAQ:NFLX) Issues Q3 2026 Earnings Guidance

Netflix (NASDAQ:NFLX) updated its third quarter 2026 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 0.820-0.820 for the period, compared to the consensus EPS estimate of 0.840. The company issued revenue guidance of $12.9 billion-$12.9 billion, compared to the consensus revenue estimate of $13.0 billion. Netflix also updated its FY 2026 guidance to EPS.

Netflix Stock Up 0.9%

NFLX opened at $74.35 on Friday. The firm has a market cap of $313.07 billion, a price-to-earnings ratio of 24.01, a PEG ratio of 0.94 and a beta of 1.52. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.41 and a current ratio of 1.41. The firm’s 50-day simple moving average is $80.52 and its 200-day simple moving average is $87.03. Netflix has a twelve month low of $70.86 and a twelve month high of $127.75.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 16th. The Internet television network reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The company had revenue of $12.56 billion for the quarter, compared to analyst estimates of $12.58 billion. During the same quarter in the previous year, the firm earned $0.72 earnings per share. The business’s revenue was up 13.4% on a year-over-year basis. Equities research analysts anticipate that Netflix will post 3.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wedbush reissued an “outperform” rating and issued a $118.00 target price on shares of Netflix in a research note on Thursday, April 16th. UBS Group set a $100.00 price target on Netflix in a research note on Monday. Piper Sandler reissued an “overweight” rating and set a $115.00 price objective (up from $103.00) on shares of Netflix in a research note on Friday, April 17th. Daiwa Securities Group upped their target price on shares of Netflix from $97.00 to $102.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Finally, HSBC increased their target price on shares of Netflix from $106.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, April 10th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.53.

Insider Activity at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 9,253 shares of Netflix stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $88.95, for a total transaction of $823,054.35. Following the completion of the transaction, the chief financial officer directly owned 73,787 shares of the company’s stock, valued at $6,563,353.65. The trade was a 11.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Bradford L. Smith sold 35,990 shares of the company’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $77.52, for a total transaction of $2,789,944.80. Following the completion of the transaction, the director owned 79,690 shares in the company, valued at approximately $6,177,568.80. This trade represents a 31.11% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 899,839 shares of company stock worth $80,141,661 in the last three months. 1.24% of the stock is owned by company insiders.

Netflix News Roundup

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix continued to post strong underlying profitability, with operating income of $4.19 billion and earnings per share slightly ahead of estimates. Netflix Q2 2026 earnings report
• Positive Sentiment: Some analysts remained constructive, with Citi reiterating a Buy rating and other bulls pointing to margin expansion, ad growth, and stable engagement as longer-term support. Citi maintains Buy rating on Netflix
• Neutral Sentiment: Netflix also highlighted new growth avenues such as advertising, live events, video games, creator content, and vertical video, which may help the long-term story but did not offset the near-term disappointment. Netflix new growth initiatives
• Negative Sentiment: Management’s weaker Q3 guidance and reduced disclosure of viewing-hour data intensified investor worries about slowing engagement and less transparency, adding to the selloff. Reuters on Netflix weak forecast
• Negative Sentiment: Broader tech weakness is also weighing on sentiment, with a Nasdaq selloff and concern around AI spending and semiconductor stocks amplifying pressure on NFLX shares. Tech selloff intensifies

Institutional Trading of Netflix

Institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp increased its holdings in shares of Netflix by 927.6% during the fourth quarter. State Street Corp now owns 176,780,995 shares of the Internet television network’s stock worth $16,574,986,000 after buying an additional 159,578,053 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Netflix by 685.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 86,058,878 shares of the Internet television network’s stock worth $8,068,882,000 after acquiring an additional 75,107,069 shares during the last quarter. Morgan Stanley grew its position in Netflix by 903.0% during the 4th quarter. Morgan Stanley now owns 85,349,973 shares of the Internet television network’s stock worth $8,002,414,000 after acquiring an additional 76,840,318 shares during the last quarter. Bank of America Corp DE grew its position in Netflix by 900.3% during the 4th quarter. Bank of America Corp DE now owns 55,566,463 shares of the Internet television network’s stock worth $5,209,912,000 after acquiring an additional 50,011,603 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Netflix by 883.1% in the 4th quarter. Northern Trust Corp now owns 43,445,226 shares of the Internet television network’s stock worth $4,073,424,000 after purchasing an additional 39,026,066 shares in the last quarter. 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.