Netflix stock fell 1.2 percent as October 20 results approach

Published on 10/04/2026 at 17:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Netflix stock heads into October 20 with Q2 revenue of USD 12.56 billion and 13.4 percent year-over-year growth. The consensus target is USD 95.27 across 55 analysts.

Isometrische 3D-Illustration einer digitalen Streaming-Oberfläche mit schwebenden Inhalts-Kacheln in Pastelltönen und einfachen Bedienelementen — Netflix US64110L1061 zeigt ein isometrisches 3D-Streaming-Interface mit farbigen schwebenden Kacheln in Pastellfarben, Illustration mit AI erstellt.

Netflix stock (ISIN US64110L1061) fell 1.2 percent to USD 67.06 on Nasdaq on October 2, 2026, from a prior close of USD 67.85. The next scheduled company event is third-quarter reporting on October 20, 2026, according to Nasdaq.

October 20 carries the next test

Netflix plans to publish its third-quarter results and business outlook on October 20, 2026. The release is scheduled for approximately 1:01 p.m. Pacific Time, with a management video interview at 1:45 p.m. Pacific Time, Nasdaq reported on September 14, 2026.

Management's published third-quarter plan calls for revenue of USD 12.86 billion and an operating margin of 33.2 percent, according to Barchart on October 1, 2026. That guidance makes the October report a test of whether double-digit growth can continue while viewing engagement and content spending remain central investor concerns.

Q2 revenue grew 13.4 percent

Netflix reported USD 12.56 billion in second-quarter revenue, up 13.4 percent from the prior year. The company delivered USD 0.80 in EPS against consensus of USD 0.79, while the year-earlier EPS figure was USD 0.72, MarketBeat reported on October 2, 2026.

The latest quarterly numbers therefore combine a USD 0.01 EPS beat with a revenue result below the USD 12.58 billion consensus cited by MarketBeat. Barchart also reported Q2 adjusted EPS of USD 0.80 and net income of USD 3.4 billion, giving the upcoming guidance update more weight than the headline earnings beat alone.

Consensus target sits 42.1 percent higher

MarketBeat lists a Moderate Buy consensus from 55 analysts and an average price target of USD 95.27, based on its October 2, 2026 overview. The target lies 42.1 percent above the USD 67.06 Nasdaq price, a gap that reflects the sharp reset in the stock even as analysts continue to expect growth.

Analyst views remain divided. Barchart reported on October 1, 2026, that Deutsche Bank upgraded Netflix from Hold to Buy while reducing its target from USD 100 to USD 95. The move supports the bullish case, while the lower target shows that valuation and engagement concerns remain part of the debate.

Netflix stock stays near its yearly low

Netflix stock was last at USD 67.06 on Nasdaq on October 2, 2026. Its 52-week range was USD 65.08 to USD 124.86, placing the price USD 1.98 above the yearly low, while market capitalization stood at USD 279.2 billion and trading volume reached 38,271,030 shares.