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
Key numbers
- Adjusted EPS
- $0.87
- Estimate
- $0.82
- Surprise
- +5.8%
- Score at report (before → after)
- 6.1 → 5.9/10
Revenue for this quarter isn’t shown: the reported figure hasn’t cleared TrendMatrix’s freshness and sanity checks yet, and consensus revenue isn’t tracked. EPS above is the available figure.
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) (6.1/10) to Hold at 5.9/10 after the report — the engine's score fell despite the beat.
Coverage in the report window
- Netflix, Intuitive Surgical, Pegasystems And Other Big Stocks Moving Lower In Wednesday’s Pre-Market Session — benzinga, 2026-10-21
Where TrendMatrix's rating stands now
TrendMatrix currently rates NFLX Hold at 5.9/10.
3 of the last 4 quarters beat the estimate; this quarter's +5.8% surprise compares with a +0.4% four-quarter average.
What supports the rating
- V7 flight-to-quality bonus: +0.5 (Q=8.4 in RISK_OFF)
- Strong earnings beat streak (3/4)
What argues against it
- Sector modifier (Communication Services): -0.8
- Below 200-MA, MA slope -4.7%/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
- $68.69
- Price target
- $83.49
- Stop
- $65.23
- Upside to target
- +21.5%
- Reward-to-risk
- 4.3:1
At 19.9× trailing and 18.1× forward earnings, consensus estimates imply little change in earnings power.
Risk check: trading volume is running 1.8× its average — elevated turnover around the report window.
Model outputs from TrendMatrix’s engine as of 2026-10-21 — 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
- $286.02B
- P/E (fwd)
- 18.1
- P/E (ttm)
- 19.9
- 52-week range
- $65.08–$124.86
- Off 52-week high
- 45.0%
- RSI (14)
- 47
- Volume vs avg
- 1.83×
- Score today
- 5.9/10