Netflix Q2 EPS and rev seen rising, competition in focus

Shares in Netflix NFLX.O were up 0.9% on Thursday ahead of second-quarter financial results due after market close.

Analysts see the video streaming company reporting adjusted EPS of $0.79 vs. $0.72 in the year-ago quarter on revenue of $12.59 billion, which would be 13.6% higher than Q2 2025 revenue of $11.08 billion, according to data from LSEG.

In the last eight quarters, NFLX revenue met or beat estimates seven times, while EPS beat six times, with a miss of more than 8% in Q1 2026 and a miss of nearly 16% in Q3 2025.

Investors will be looking for reassurance from Netflix about its growth strategy when it reports, as user engagement has faltered with competition increasing from areas such as traditional media and YouTube.

Shares last traded at $74.32 vs. a median price target of $112, which is down from $115 a month ago, according to LSEG, which shows 52 analyst ratings: 14 'strong buy,' 26 'buy,' and 12 'hold'.

Year to date, shares are down about 21% vs. about a 6% gain for the S&P 500 communications services index .SPLRCL.