Netflix Q2 Earnings Results In-Line With Expectations, Stock Drops on Lower Q3 Outlook

By Todd Spangler

Todd Spangler

NY Digital Editor

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As investors fret that Netflix‘s viewer-engagement metrics are flagging, the streaming giant reported earnings for the second quarter of 2026 that were in line with Wall Street forecasts. But it issued weaker-than-expected guidance for Q3, driving the stock price down.

Netflix reported Q2 revenue of $12.56 billion, up 13.4% year over year, and net income of $3.4 billion (translating to 80 cents per share). On average, Wall Street analysts expected $12.59 billion and earnings per share of 79 cents, according to LSEG Data & Analytics. Operating margin for Q2 came in at 33.4%, down from 34.1% in the year-earlier period.

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