Netflix Inc. (NFLX) reported results in line with expectations in Q2 FY2026 on revenue of $12.6B versus the $12.6B estimate (+13.4% YoY) and EPS of $0.80. The next Netflix Inc. (NFLX) earnings date is Oct 20, 2026. Below is the full Netflix Inc. earnings breakdown — the risk-adjusted verdict, price forecast, technicals, options and hedge-fund 13F holdings, decoded in plain English.
Netflix Inc. (NFLX) Earnings Analysis — key stats
Next earnings date
Oct 20, 2026
Latest reported quarter
Q2 FY2026
Earnings verdict
In line
EPS beat rate
4 of last 8 (quarters above estimate)
Avg next-day move
±6.9% (over the last 8 reports)
Post-earnings direction
Up 3 / Down 5 (of the last 8 reports)
Implied move (next report)
±13.1% (options-derived · into Oct 20, 2026)
Institutional ownership
61.2% (13F as of 2026-06-30)
Top 10 holders
36.5% (of shares outstanding)
Insider activity
5 buys / 7 sells (recent Form 4 filings)
Revenue
$12.6B (vs $12.6B est · -0.2% surprise · +13.4% YoY)
EPS
$0.80 (vs $0.79 est · +1.3% surprise · +9.5% YoY)
Share price
$78.16 (-0.1%)
Market cap
$325.5B
Netflix Inc. (NFLX) Earnings Analysis — beat / miss history
Quarter
Revenue
EPS
EPS surprise
Next-day move
Verdict
Q3 FY2026
$12.6B vs $12.6B est
$0.80 vs $0.79 est
+1.3%
-6.4%
In line
Q2 FY2026
$12.3B vs $12.2B est
$1.23 vs $0.76 est
+61.2%
-9.7%
Mixed
Q1 FY2026
$12.1B vs $12.0B est
$0.56 vs $0.55 est
+1.4%
-3.0%
In line
Q4 FY2025
$11.5B vs $11.5B est
$0.59 vs $0.70 est
-15.2%
-9.9%
Mixed
Q3 FY2025
$11.1B vs $11.1B est
$0.72 vs $0.71 est
+1.4%
-3.3%
In line
Q2 FY2025
$10.5B vs $10.5B est
$0.66 vs $0.57 est
+15.8%
+2.7%
Mixed
Q1 FY2025
$10.2B vs $10.1B est
$0.43 vs $0.42 est
+2.4%
+11.2%
Mixed
Q4 FY2024
$9.8B vs $10.1B est
$0.54 vs $0.51 est
+5.9%
+8.8%
Mixed
Top institutional holders
Holder
% outstanding
Shares
Value
QoQ change
Blackrock, INC.
8.3%
348.8M
$24.9B
+0.7%
Vanguard Capital Management LLC
6.5%
275.0M
$19.6B
+0.2%
State Street Corp
4.3%
180.1M
$12.9B
+4.9%
Fmr LLC
3.2%
135.9M
$9.7B
-33.6%
Invesco Ltd.
3.2%
135.4M
$9.7B
+52.8%
Geode Capital Management, LLC
2.6%
110.3M
$7.8B
+6.6%
Morgan Stanley
2.4%
99.7M
$7.1B
+0.7%
Price T Rowe Associates INC /Md/
2.2%
93.6M
$6.7B
-5.5%
Capital World Investors
2.1%
87.3M
$6.2B
-11.9%
Undisclosed filer
1.8%
75.1M
$5.4B
-0.5%
Recent insider transactions
Insider
Role
Date
Type
Shares
Value
Neumann Spencer Adam
officer: Chief Financial Officer
2026-08-10
Sell
9K
$700907
Peters Gregory K
director, officer: Co-CEO
2026-08-06
Sell
27K
$2.0M
BARTON RICHARD N
director
2026-08-05
Buy
2K
$43431
BARTON RICHARD N
director
2026-08-05
Sell
2K
$43431
BARTON RICHARD N
director
2026-08-05
Sell
2K
$162216
Hoag Jay C
director
2026-08-03
Buy
852
$62477
HYMAN DAVID A
officer: Chief Legal Officer
2026-08-03
Buy
3K
—
HYMAN DAVID A
officer: Chief Legal Officer
2026-08-03
Sell
3K
$194262
What you'll find
Next Netflix Inc. (NFLX) earnings date, the expected move and the estimates priced in
A clear Beat / Miss / In-line / Mixed verdict the moment Netflix Inc. reports
Revenue & EPS versus estimates, guidance and segment trends
Multi-lens price forecast — analyst, quant, technical and options views
Deep research: red flags, risk decoder and earnings-call sentiment
Technicals, options / implied volatility and unusual-activity signals
Hedge-fund and legendary-investor 13F holdings in Netflix Inc. (NFLX)
Side-by-side peer and historical earnings comparison
Frequently asked questions
When is Netflix Inc.'s next earnings date?
Netflix Inc.'s (NFLX) next scheduled earnings date is Oct 20, 2026. Magnisto shows the confirmed date, the options-implied expected move and the revenue and EPS estimates Wall Street is modeling into the report.
Did Netflix Inc. (NFLX) beat or miss earnings?
In Q2 FY2026, Netflix Inc. (NFLX) posted in-line results — revenue of $12.6B versus the $12.6B estimate (-0.2% surprise) and EPS of $0.80 versus $0.79 expected (+1.3% surprise). Magnisto decodes every Netflix Inc. (NFLX) report into a clear Beat, Miss, In-line or Mixed verdict and checks whether guidance was raised, held or cut.
How often does Netflix Inc. beat earnings estimates?
Over its last 8 reported quarters, Netflix Inc. (NFLX) beat Wall Street EPS estimates 4 times, most recently a in-line result in Q3 FY2026. Magnisto tracks every Netflix Inc. (NFLX) quarter's revenue and EPS versus consensus and grades each one Beat, Miss, In-line or Mixed at a unified ±2% threshold.
How much does Netflix Inc. stock move after earnings?
Over its last 8 quarterly reports, Netflix Inc. (NFLX) moved an average of ±6.9% the day after earnings — ranging from -9.9% (Q4 FY2025) to +11.2% (Q1 FY2025). The stock rose after 3 of those 8 reports and fell after 5. Heading into its next report on Oct 20, 2026, options-implied volatility is pricing in a move of roughly ±13.1% (derived). Magnisto tracks the realized post-earnings move for every Netflix Inc. (NFLX) quarter alongside the beat/miss verdict — past moves don't predict the next one.
Who are the largest shareholders of Netflix Inc.?
Institutions hold about 61.2% of Netflix Inc.'s (NFLX) shares outstanding as of the 2026-06-30 13F quarter. Its largest institutional holders include Blackrock, INC. (8.3%), Vanguard Capital Management LLC (6.5%), State Street Corp (4.3%). Magnisto lists Netflix Inc.'s (NFLX) top 13F holders with each stake size and its quarter-over-quarter change.
Are insiders buying or selling Netflix Inc. (NFLX)?
In the most recent Form 4 filings Magnisto tracks, Netflix Inc. (NFLX) insiders recorded 5 purchases and 7 sales — net selling. Insider transactions are one signal among many and are often routine (option exercises or scheduled 10b5-1 sales), so Magnisto shows the raw feed for you to judge.
What is the forecast for Netflix Inc. (NFLX) stock?
Magnisto blends analyst price targets, quantitative research, technical trend and options-implied moves into a scenario range for Netflix Inc. (NFLX), anchored to the current $78.16 share price, so you can weigh the bull, base and bear cases for Netflix Inc. side by side.
Is Netflix Inc. (NFLX) a buy right now?
Magnisto does not give buy or sell tips. It gives you the institutional-grade evidence — the verdict, valuation, risks, technicals and hedge-fund 13F flows — so you can decide whether Netflix Inc. fits your own thesis and risk profile. This is research, not investment advice.