Netflix (NFLX) earnings history, EPS estimates, revenue forecasts and company guidance.
Earnings Per Share (Non-GAAP)
Quarterly Revenue (Billions)
Netflix (NFLX) last issued guidance on July 16, 2026 for Q3 2026. The company guided earnings per share in the range of $0.82 - $0.82, compared to a consensus EPS estimate of $0.84. Netflix also guided revenue in the range of $12.86B - $12.86B for the period.
Compared to prior guidance, Netflix lowered its revenue forecast from a prior range of $51B - $51.4B.
Netflix has issued 27 guidance updates between October 18, 2022 and July 16, 2026. During this period, the company raised its outlook 11 times and lowered it 8 times, providing investors with insight into management's evolving expectations.
| Metric | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 |
|---|---|---|---|---|
| Earnings Per Share (Non-GAAP) | ||||
| Estimate | $0.79 | $0.76 | $0.55 | $0.69 |
| Actual | $0.80 | $0.70 | $0.56 | $0.59 |
| Surprise | +1.27% | -7.89% | +1.82% | -15.4% |
| Revenue | ||||
| Estimate | $12.58B | $12.17B | $11.97B | $11.51B |
| Actual | $12.56B | $12.25B | $12.05B | $11.51B |
| Surprise | -0.15% | +0.64% | +0.68% | -0.04% |
| Metric | Q3 '26E | Q4 '26E | Q1 '27E | Q2 '27E |
|---|---|---|---|---|
| Earnings Per Share (Non-GAAP) | ||||
| Consensus | $0.82 | $0.73 | $0.93 | $0.98 |
| Revenue | ||||
| Consensus | $12.88B | $13.54B | — | — |
| Fiscal Quarter | Date Reported | Actual EPS | Estimated EPS | Surprise % |
|---|---|---|---|---|
| Q2 | Jul 16, 2026 | $0.80 | $0.79 | 1.27 % |
| Q1 | Apr 16, 2026 | $0.70 | $0.76 | -7.89 % |
| Q4 | Jan 20, 2026 | $0.56 | $0.55 | 1.82 % |
| Q3 | Oct 21, 2025 | $0.59 | $0.69 | -15.4 % |
| Fiscal Quarter | Date Reported | Actual Revenue | Estimated Revenue | Surprise % |
|---|---|---|---|---|
| Q2 | Jul 16, 2026 | $12.56B | $12.58B | -0.15 % |
| Q1 | Apr 16, 2026 | $12.25B | $12.17B | 0.64 % |
| Q4 | Jan 20, 2026 | $12.05B | $11.97B | 0.68 % |
| Q3 | Oct 21, 2025 | $11.51B | $11.51B | -0.04 % |