Netflix stock fell 1.16 percent before the October 20 results

Published on 10/05/2026 at 13:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Netflix stock closed at USD 67.06 on October 2, versus a 52-week low of USD 65.08. Second-quarter revenue rose 13.4 percent to USD 12.56 billion.

Redaktionelles Foto eines Börsenhandelsraums mit Tradern an mehreren Monitoren, Candlestick-Charts auf großen Wandbildschirmen und dramatischer Beleuchtung — Netflix US64110L1061 illustriert den NASDAQ-Handelsraum mit Tradern, Monitoren und Aktiencharts im Editorial-Stil, Illustration mit AI erstellt.

Netflix (ISIN US64110L1061) stock closed at USD 67.06 on Nasdaq on October 2, down 1.16 percent from the prior close. The next company checkpoint is October 20, when Netflix will publish its third-quarter 2026 results, according to Netflix in a September 14, 2026 release.

Revenue growth meets a tougher test

Netflix reported second-quarter 2026 revenue of USD 12.56 billion, an increase of 13.4 percent from the same quarter a year earlier, while operating income rose 11 percent to USD 4.2 billion, Yahoo Finance reported on October 4, 2026.

The operating margin was 33.4 percent, down from 34.1 percent a year earlier. Third-quarter guidance calls for revenue growth of 12 percent and revenue of USD 12.86 billion, setting a lower growth rate than the latest reported quarter.

Wall Street keeps a higher target

MarketBeat lists a Moderate Buy consensus based on 55 analyst ratings, with 34 Buy ratings, 15 Holds, 4 Strong Buys and 2 Sells. Its average price target is USD 95.27, with a high of USD 135.00 and a low of USD 57.00, MarketBeat reported in its October 2026 forecast.

Recent actions show why the consensus requires context. Guggenheim maintained Buy and lifted its target from USD 75.00 to USD 80.00 on October 1, while keeping its third-quarter estimates at USD 12.9 billion of revenue and USD 0.82 of earnings per share, according to Investing.com.

The October 20 checkpoint

Management's third-quarter outlook puts revenue growth, advertising progress and viewing engagement at the center of the upcoming release. Netflix's second-quarter revenue growth was 13.4 percent, but the third-quarter guide is 12 percent, creating a concrete comparison for the next earnings update.

Netflix stock and the valuation gap

Netflix stock closed at USD 67.06 on Nasdaq on October 2, with a 52-week range of USD 65.08 to USD 124.86 and market capitalization of USD 279.2 billion as of that quote.