Netflix (NASDAQ:NFLX) Issues Q4 2026 Earnings Guidance

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Robert W. Baird set a $90.00 target price on shares of Netflix and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Wells Fargo & Company lowered Netflix from a “neutral” rating to an “underweight” rating and cut their price target for the company from $80.00 to $57.00 in a research note on Friday, September 18th. Huber Research cut Netflix from a “buy” rating to an “underweight” rating in a report on Tuesday, October 13th. DZ Bank reiterated a “buy” rating on shares of Netflix in a research report on Monday, July 20th. Finally, President Capital dropped their price objective on Netflix from $134.00 to $83.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Three research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Netflix has an average rating of “Moderate Buy” and an average target price of $89.59.

Netflix Stock Up 3.1%

Shares of NFLX opened at $67.05 on Friday. The stock has a 50 day moving average price of $74.52 and a 200 day moving average price of $79.74. Netflix has a one year low of $64.10 and a one year high of $116.73. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.07. The stock has a market capitalization of $279.19 billion, a price-to-earnings ratio of 19.38, a PEG ratio of 0.92 and a beta of 1.62.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, October 20th. The Internet television network reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.05. Netflix had a net margin of 29.69% and a return on equity of 42.69%. The firm had revenue of $12.87 billion for the quarter, compared to analyst estimates of $12.87 billion. During the same period in the previous year, the business posted $0.59 earnings per share. Netflix’s quarterly revenue was up 11.9% on a year-over-year basis. Equities research analysts forecast that Netflix will post 3.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Richard Barton sold 720 shares of the business’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $75.27, for a total value of $54,194.40. Following the sale, the director owned 2,460 shares in the company, valued at approximately $185,164.20. The trade was a 22.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Spencer Neumann sold 9,248 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $75.79, for a total transaction of $700,905.92. Following the completion of the transaction, the chief financial officer directly owned 73,787 shares of the company’s stock, valued at $5,592,316.73. This represents a 11.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 179,045 shares of company stock valued at $13,132,194. Insiders own 1.24% of the company’s stock.

Key Headlines Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Profitability remains strong. Netflix reported third-quarter EPS of $0.87, above the $0.82 consensus estimate, while revenue rose 11.9% year over year to $12.87 billion. Operating income also increased substantially. The Truth About Netflix’s Massive Stock Buybacks
• Positive Sentiment: Some analysts still see considerable upside. TD Cowen reaffirmed a Buy rating with a $100 target, while UBS retained its Buy rating despite reducing its target to $100 from $115. Netflix Stock Price Target Cut by UBS Group
• Positive Sentiment: Ark Invest is rebuilding exposure. Cathie Wood’s Ark Next Generation ETF purchased 18,000 Netflix shares after the sell-off, signaling that some investors view the lower valuation as an opportunity. Cathie Wood Just Bought Netflix Stock
• Neutral Sentiment: Analyst opinion is mixed. Guggenheim maintained a Buy rating while lowering its target to $78 from $80; Citizens JMP maintained Market Perform. These actions indicate continued confidence in the business but reduced near-term expectations. Netflix Stock Price Target Cut by Guggenheim
• Negative Sentiment: Guidance disappointed investors. Netflix forecast fourth-quarter EPS of $0.67 and revenue of $13.4 billion, below consensus estimates of $0.73 and $13.5 billion. Full-year revenue guidance was also slightly below expectations.
• Negative Sentiment: Advertising expectations were reduced. Netflix cut its 2026 advertising-revenue forecast by roughly $300 million, to about $2.7 billion, raising concerns about execution and the pace of monetizing its ad tier. Netflix Cuts Ad Revenue Guidance
• Negative Sentiment: Growth and engagement concerns are intensifying. Revenue growth is slowing, and reports indicate viewers are remaining subscribed while watching less, increasing competitive pressure from YouTube and lower-cost alternatives. Netflix is Losing Viewers
• Negative Sentiment: Additional downgrades added pressure. Needham lowered Netflix to Hold, and JPMorgan reduced its price target to $81 from $85, while several firms cut targets following the earnings report. Netflix Rating Lowered to Hold at Needham

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.