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Netflix Q2 Earnings Ahead as Shares Hit 18-Month Low

7/16/2026

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Story summary
  • Netflix will release its second-quarter earnings Thursday after market close.
  • Shares have fallen to an 18-month low, down 40% over the past year and 21% in 2026.
  • Analysts project Q2 revenue of $12.58 billion and earnings per share of 79 cents.
  • Bernstein’s Laurent Yoon flagged engagement trends and possible margin-guidance changes as key concerns.
  • TD Cowen’s John Blackledge said the ad-supported tier drives member growth and margin expansion.
  • Morgan Stanley’s Sean Diffley noted pricing power and strong original-content perception despite recent subscriber declines.