NETFLIX INC (NFLX) Form 8-K — Oct 20, 2026
Netflix beat its Q3 2026 forecast, with revenue of $12.9B (+12% YoY) and operating margin of 34.6%, up from 28.2% a year ago. Diluted EPS of $0.87 rose 49% YoY, and free cash flow was $2.9B. The company trimmed full-year guidance slightly: FY2026 revenue of $51.1B is 0.2% below the prior midpoint, and ad revenue is now expected at ~$2.7B versus ~$3B previously due to slower ad-product rollout. Operating margin guidance of 31.5% was maintained.
Key figures
- Eps
- 0.87
- Revenue
- 12874176000
- Guidance
- Q4 2026 revenue of $13.4B (+12% YoY), Q4 operating margin of 26.0%; FY2026 revenue of $51.1B (+13%), operating margin 31.5%, FCF ~$12.0B
- Net Income
- 3663927000
- Revenue Yoy
- 12%
- Cash Position
- 8194275000
- Net debt
- $7.1B
- Buyback q3
- $4.8B (63.9M shares)
- Free cash flow q3
- $2.9B
- Fy2026 ad revenue
- ~$2.7B (vs ~$3B prior)
- Fy2026 fcf forecast
- ~$12.0B (from $12.5B)
- Operating income q3
- $4.5B (+37% YoY)
- Operating margin q3
- 34.6%
- Operating margin prior year
- 28.2%
- Remaining buyback authorization
- $22.3B
AI analysis
Red flags4 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.