Netflix Q2 revenue $12.6B (+13% YoY), EPS $0.80; FY revenue guidance narrowed to $51.0-$51.4B

NETFLIX INC

Q2 revenue $12.56B (+13% YoY), operating margin 33.4%, diluted EPS $0.80 vs $0.72 YoY.
FY 2026 revenue guidance narrowed to $51.0-$51.4B (13-14% growth); operating margin 31.5% unchanged.
Q3 revenue forecast $12.86B (+12% YoY), operating margin 33.2%.
Share repurchases: $4.7B in Q2; new $25B authorization; $27.1B remaining capacity.
Ads revenue on track to ~$3B in 2026 (doubling); expanded NFL agreement; free trial re-test in select markets.

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