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
- Earnings estimates trending DOWN
- Negative momentum
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
- $62.75
- Entry target
- $61.05
- Price target
- $77.98
- Stop
- $57.29
- Upside to target
- +24.3%
- Reward-to-risk
- 4.0:1
At 18.5× trailing and 17.0× forward earnings, consensus estimates imply little change in earnings power.
Model outputs from TrendMatrix’s engine as of 2026-11-10 — 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
- $262.60B
- P/E (fwd)
- 17.0
- P/E (ttm)
- 18.5
- 52-week range
- $61.39–$116.73
- Off 52-week high
- 46.2%
- RSI (14)
- 43
- Volume vs avg
- 0.21×
- Score today
- 6.3/10