Sphere Entertainment (SPHR) 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
- Adjusted EPS
- -$0.62
- Estimate
- -$1.39
- Surprise
- +55.6%
- Revenue (period 2026-06-30)
- $313.2M
- Score at report (before → after)
- 6.3 → 6.5/10
Revenue source: xbrl.
How the report landed
Sphere Entertainment (SPHR) reported a narrower loss than forecast — adjusted EPS of -$0.62 against the -$1.39 estimate (a 55.6% beat on a still-unprofitable quarter). TrendMatrix's engine moved from Buy (Wait) (6.3/10) to Hold at 6.5/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates SPHR Sell at 5.1/10.
4 of the last 4 quarters beat the estimate; this quarter's +55.6% surprise compares with a +282.2% four-quarter average. Next scheduled report: 2026-11-05.
What argues against it
- Concentration risk — Customer: top four Distributors
- Quality below floor (3.4 < 4.0)
- Value-trap signals (2/5): Margin compression (op margin 3.4%), Material insider selling (13 sells, 0.30% of cap)
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
- $102.46
- Price target
- $145.83
- Stop
- $98.94
- Upside to target
- +42.3%
- Reward-to-risk
- 3.2:1
Risk check: RSI 18 — a level conventionally read as oversold.
Model outputs from TrendMatrix’s engine as of 2026-10-14 — shown for context, not personalized investment advice.
SPHR 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
- $3.68B
- P/E (fwd)
- -39.7
- 52-week range
- $58.18–$181.63
- Off 52-week high
- 43.6%
- RSI (14)
- 18
- Volume vs avg
- 0.71×
- Score today
- 5.1/10