Netflix Q2 Revenue Climbs 13% to $12.56B; Full-Year Outlook Tightened to $51B–$51.4B

summarizeSummary

Netflix posted Q2 2026 revenue of $12.56B (+13% YoY) and net income of $3.4B, while narrowing its full-year revenue guidance to $51B–$51.4B. The company also bought back $4.7B in stock during the quarter.

check_boxKey Events · Earnings and Guidance · NFLX

• Q2 Revenue and Earnings

  Revenue of $12.56 billion, up 13% year-over-year. Net income of $3.4 billion, diluted EPS of $0.80. Operating margin of 33.4%.

• Full-Year Guidance Narrowed

  Full-year 2026 revenue forecast narrowed to $51 billion–$51.4 billion, down from the prior range of $50.7 billion–$51.7 billion.

• Aggressive Share Repurchases

  Repurchased $4.7 billion in stock during Q2 (52.9 million shares). $27.1 billion remains under the buyback authorization.

• Co-CEO 10b5-1 Trading Plan

  Co-CEO Ted Sarandos adopted a pre-arranged trading plan for the potential sale of up to 643,224 shares, expiring April 2027.

auto_awesomeAnalysis · NFLX · Trade & Services

Second-quarter revenue reached $12.56 billion, a 13% year-over-year gain, while net income landed at $3.4 billion and diluted EPS at $0.80. The operating margin of 33.4% slipped modestly from the prior year's 34.1%, as technology and marketing expenses outpaced revenue growth. Management narrowed the full-year revenue forecast to $51 billion–$51.4 billion, trimming the top end of the previous range. Free cash flow for the quarter totaled $1.5 billion. Share repurchases were aggressive at $4.7 billion during Q2, leaving $27.1 billion remaining under the buyback authorization. In a routine pre-planned move, Co-CEO Ted Sarandos adopted a 10b5-1 trading plan covering up to 643,224 shares.