Netflix (NASDAQ:NFLX) Releases Q4 2026 Earnings Guidance

Netflix (NASDAQ:NFLX) issued an update on its fourth quarter 2026 earnings guidance on Wednesday. The company provided EPS guidance of 0.670-0.670 for the period, compared to the consensus earnings per share estimate of 0.730. The company issued revenue guidance of $13.4 billion, compared to the consensus revenue estimate of $13.5 billion. Netflix also updated its FY 2026 guidance to EPS.

Netflix Price Performance

NASDAQ:NFLX opened at $65.04 on Thursday. The business’s 50-day moving average price is $74.74 and its 200 day moving average price is $79.96. The firm has a market cap of $270.82 billion, a P/E ratio of 18.80, a PEG ratio of 0.97 and a beta of 1.62. Netflix has a 52-week low of $64.10 and a 52-week high of $116.73. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.39.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, October 20th. The Internet television network reported $0.87 EPS for the quarter, topping the consensus estimate of $0.82 by $0.05. Netflix had a net margin of 29.69% and a return on equity of 42.69%. The firm had revenue of $12.87 billion for the quarter, compared to analysts’ expectations of $12.87 billion. During the same period in the previous year, the business earned $0.59 earnings per share. Netflix’s revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, sell-side analysts predict that Netflix will post 3.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

NFLX has been the topic of several recent research reports. China Renaissance lowered their price objective on shares of Netflix from $100.00 to $80.00 and set a “hold” rating on the stock in a research note on Friday, July 17th. Bank of America reduced their target price on shares of Netflix from $105.00 to $90.00 and set a “buy” rating for the company in a report on Wednesday. China Intl Cap upgraded shares of Netflix to a “strong-buy” rating in a report on Tuesday, July 21st. The Goldman Sachs Group set a $84.00 price target on shares of Netflix in a research report on Wednesday. Finally, President Capital reduced their price objective on Netflix from $134.00 to $83.00 and set a “buy” rating for the company in a research note on Monday, July 20th. Three analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $89.94.

Insider Activity at Netflix

In other news, CEO Gregory K. Peters sold 27,312 shares of the firm’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $73.54, for a total value of $2,008,524.48. Following the completion of the sale, the chief executive officer owned 120,931 shares of the company’s stock, valued at $8,893,265.74. This trade represents a 18.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Theodore A. Sarandos sold 27,312 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $73.35, for a total value of $2,003,335.20. Following the completion of the sale, the chief executive officer directly owned 178,954 shares of the company’s stock, valued at approximately $13,126,275.90. This trade represents a 13.24% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 179,045 shares of company stock worth $13,132,194. Insiders own 1.24% of the company’s stock.

Key Headlines Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix exceeded third-quarter earnings expectations, reporting diluted EPS of $0.87 versus an estimated $0.82, while revenue rose 12% year over year to $12.87 billion. Net income increased approximately 44% to $3.66 billion, and operating margin expanded to 34.6%. Netflix Q3 earnings report
• Positive Sentiment: Some analysts view the selloff as a potential buying opportunity because Netflix remains highly profitable, continues to grow faster than many streaming peers, and trades at a historically lower forward valuation. BMO, TD Cowen, UBS, JPMorgan and other firms maintained constructive ratings, although most lowered their price targets. Netflix sell-off buying opportunity
• Neutral Sentiment: Management said pricing, advertising, original programming and live events can support double-digit revenue growth into 2027. It also acknowledged that U.S. content execution and viewing-hour growth need improvement amid competition from YouTube, TikTok and lower-cost streaming services. Netflix earnings call analysis
• Negative Sentiment: The principal catalyst for the decline was weak guidance. Netflix projected fourth-quarter revenue of approximately $13.4 billion, below the roughly $13.5 billion consensus, and EPS of $0.67 versus expectations near $0.73. Full-year revenue guidance was slightly reduced to $51.1 billion, while fourth-quarter growth is expected to slow for a fourth consecutive quarter. Netflix weak fourth-quarter forecast
• Negative Sentiment: Netflix cut its 2026 advertising-revenue forecast from about $3.0 billion to $2.7 billion because advertising-product rollouts are slower than expected. The company also lowered its free-cash-flow outlook, while modest viewing-hour growth and recent content-leadership changes raised concerns that the company lacks a near-term breakout hit. Netflix advertising revenue forecast

About Netflix

Netflix, Inc (NASDAQ:NFLX) is a global entertainment company that provides subscription-based streaming services. Its platform offers a broad selection of television series, films, documentaries, stand-up specials and other programming, including content produced by Netflix and licensed from third-party studios and creators.

The company also develops and distributes original productions under the Netflix brand and has expanded into additional entertainment offerings, including mobile and cloud-based games in select markets and live programming.