Netflix (NFLX) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $0.87
- Estimate
- $0.82
- Surprise
- +5.8%
- Revenue (period 2026-09-30)
- $12.87B
- Score at report (before → after)
- 5.9 → 6.0/10
Revenue source: xbrl.
How the report landed
Netflix (NFLX) beat the $0.82 estimate with adjusted EPS of $0.87 — a clear 5.8% upside surprise. TrendMatrix's engine moved from Buy (Wait) (5.9/10) to Hold at 6.0/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates NFLX Buy (Wait) at 6.3/10.
3 of the last 4 quarters beat the estimate; this quarter's +5.8% surprise compares with a +0.4% four-quarter average. Next scheduled report: 2027-01-19.
What supports the rating
- V7 flight-to-quality bonus: +0.5 (Q=8.5 in RISK_OFF)
- Strong earnings beat streak (3/4)
What argues against it
- Sector modifier (Communication Services): -0.8
- Negative momentum
- Below 200-MA, MA slope -4.6%/30d (confirmed downtrend)
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $61.99
- Entry target
- $59.95
- Price target
- $77.98
- Stop
- $55.75
- Upside to target
- +25.8%
- Reward-to-risk
- 3.7:1
At 17.9× trailing and 16.4× forward earnings, consensus estimates imply little change in earnings power.
Risk check: RSI 24 — a level conventionally read as oversold.
Model outputs from TrendMatrix’s engine as of 2026-10-29 — shown for context, not personalized investment advice.
NFLX at TrendMatrix's latest read
Communication and media names are subscriber-economics stories; engagement and ARPU trends behind the print drive the reaction.
- Industry
- Entertainment
- Market cap
- $258.12B
- P/E (fwd)
- 16.4
- P/E (ttm)
- 17.9
- 52-week range
- $61.51–$116.73
- Off 52-week high
- 46.9%
- RSI (14)
- 24
- Volume vs avg
- 0.95×
- Score today
- 6.3/10