Warner Music Group (WMG) 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
- $0.51
- Estimate
- $0.39
- Surprise
- +31.2%
- Revenue (period 2026-06-30)
- $1.86B
- Score at report (before → after)
- 6.1 → 6.2/10
Revenue source: xbrl.
How the report landed
Warner Music Group (WMG) beat the $0.39 estimate with diluted EPS of $0.51 — a large 31.2% upside surprise. TrendMatrix's engine moved from Sell (6.1/10) to Hold at 6.2/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates WMG Sell at 5.8/10.
4 of the last 4 quarters beat the estimate; this quarter's +31.2% surprise compares with a +34.8% four-quarter average. Next scheduled report: 2026-11-19.
What supports the rating
- Strong earnings beat streak (4/4)
- Attractive valuation
What argues against it
- Concentration risk — Product: Recorded Music (81.0%)
- Concentration risk — Geographic: foreign territories (57.0%)
- Sector modifier (Communication Services): -0.8
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
- $28.77
- Price target
- $33.19
- Stop
- $27.25
- Upside to target
- +15.4%
- Reward-to-risk
- 1.0:1
The stock trades at 22.7× trailing but 15.0× forward earnings — consensus estimates already build in a substantial earnings recovery.
Risk check: RSI 74 — a level conventionally read as overbought; gains at these levels often lean on momentum.
Model outputs from TrendMatrix’s engine as of 2026-09-04 — shown for context, not personalized investment advice.
WMG 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
- $15.46B
- P/E (fwd)
- 15.0
- P/E (ttm)
- 22.7
- 52-week range
- $23.34–$35.42
- Off 52-week high
- 18.8%
- RSI (14)
- 74
- Volume vs avg
- 0.13×
- Score today
- 5.8/10