NetEase (NTES) Q2 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
- Reported EPS
- $12.02
- Estimate
- $15.54
- Surprise
- -22.7%
- Score at report (before → after)
- 6.0 → 6.1/10
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
NetEase (NTES) missed the $15.54 estimate with diluted EPS of $12.02 — a large 22.7% shortfall. TrendMatrix's engine moved from Hold (6.0/10) to Buy (Wait) at 6.1/10 after the report — the engine's score rose despite the miss.
Where TrendMatrix's rating stands now
TrendMatrix currently rates NTES Sell at 5.6/10.
1 of the last 4 quarters beat the estimate; this quarter's -22.7% surprise compares with a -8.1% four-quarter average. Next scheduled report: 2026-11-19.
What supports the rating
- V7 flight-to-quality bonus: +0.5 (Q=8.3 in RISK_OFF)
- High-quality business
What argues against it
- Sector modifier (Communication Services): -0.8
- Consecutive earnings misses (3)
- Weak growth
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
- $119.29
- Price target
- $149.11
- Stop
- $112.12
- Upside to target
- +25.0%
- Reward-to-risk
- 3.7:1
The stock trades at 15.9× trailing but 11.1× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-09-05 — shown for context, not personalized investment advice.
NTES at TrendMatrix's latest read
Communication and media names are subscriber-economics stories; engagement and ARPU trends behind the print drive the reaction.
- Industry
- Electronic Gaming & Multimedia
- Market cap
- $76.38B
- P/E (fwd)
- 11.1
- P/E (ttm)
- 15.9
- 52-week range
- $106.06–$159.55
- Off 52-week high
- 25.2%
- RSI (14)
- 45
- Volume vs avg
- 0.86×
- Score today
- 5.6/10