Netflix (NASDAQ:NFLX) Issues Q4 2026 Earnings Guidance

Netflix (NASDAQ:NFLX) updated its fourth quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.670-0.670 for the period, compared to the consensus EPS 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.

Analysts Set New Price Targets

Several equities research analysts have issued reports on NFLX shares. Morgan Stanley set a $77.00 price target on shares of Netflix and gave the company an “overweight” rating in a report on Wednesday. William Blair restated an “outperform” rating on shares of Netflix in a research report on Wednesday. Deutsche Bank Aktiengesellschaft set a $93.00 price target on shares of Netflix in a research report on Wednesday. UBS Group set a $90.00 target price on shares of Netflix in a research note on Wednesday. Finally, CICC Research reduced their target price on Netflix from $110.00 to $90.00 and set an “outperform” rating on the stock in a report on Tuesday, July 21st. Three analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $89.94.

Netflix Trading Down 5.3%

Shares of NASDAQ NFLX traded down $3.65 during midday trading on Wednesday, hitting $65.04. The stock had a trading volume of 101,125,907 shares, compared to its average volume of 42,642,734. The company’s 50-day simple moving average is $74.92 and its 200 day simple moving average is $80.20. The firm has a market cap of $270.82 billion, a P/E ratio of 20.47, a price-to-earnings-growth ratio of 0.99 and a beta of 1.62. Netflix has a fifty-two week low of $64.10 and a fifty-two week high of $116.73. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 1.14.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, October 20th. The Internet television network reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.05. The business had revenue of $12.87 billion for the quarter, compared to analyst estimates of $12.87 billion. Netflix had a return on equity of 40.02% and a net margin of 28.22%. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.59 earnings per share. Research analysts anticipate that Netflix will post 3.59 EPS for the current year.

Insider Transactions at Netflix

In other Netflix news, insider David A. Hyman sold 5,723 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $72.85, for a total value of $416,920.55. Following the transaction, the insider owned 316,100 shares of the company’s stock, valued at approximately $23,027,885. This represents a 1.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Theodore A. Sarandos sold 105,850 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $73.03, for a total value of $7,730,225.50. Following the transaction, the chief executive officer owned 206,266 shares of the company’s stock, valued at $15,063,605.98. The trade was a 33.91% decrease in their ownership of the stock. 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. In the last quarter, insiders sold 179,045 shares of company stock valued at $13,132,194. 1.24% of the stock is currently owned by company insiders.

More Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix reported third-quarter EPS of $0.87, above the $0.82 consensus estimate, while revenue of $12.87 billion was in line with expectations. Revenue rose nearly 12% year over year, operating margin expanded to 34.6%, and net income increased approximately 44%. Netflix Q3 earnings report
• Positive Sentiment: Some analysts viewed the selloff as an opportunity, citing Netflix’s profitability, more attractive valuation and long-term growth potential. UBS, JPMorgan, Bank of America, TD Cowen and Guggenheim retained positive ratings despite lowering their price targets. BMO analyst view
• Neutral Sentiment: Management said its long-term strategy remains intact and expects advertising revenue to grow more than 80% in 2026. Netflix is also emphasizing live events, new content and improved execution to increase viewing hours and engagement. Netflix CFO growth outlook
• Negative Sentiment: Fourth-quarter guidance disappointed: EPS of $0.67 is below the $0.73 consensus, while revenue guidance of approximately $13.4 billion trails the $13.5 billion estimate. Full-year revenue guidance of $51.1 billion also came in slightly below expectations. Netflix outlook report
• Negative Sentiment: Netflix reduced its 2026 advertising-revenue forecast from roughly $3 billion to $2.7 billion because advertising-product rollouts are progressing more slowly than planned. Investors also remain concerned about modest viewing-hour growth, weaker U.S. engagement and intensifying competition from YouTube and other platforms. Reuters Netflix advertising outlook report
• Negative Sentiment: Analysts responded with a wave of price-target reductions, and Needham downgraded the stock to Hold. Restructuring costs, recent layoffs and executive changes add uncertainty about how quickly Netflix can restore content momentum and engagement. Analyst price-target cuts

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.