Disney beats Q2 earnings estimates, raises buyback and forecasts faster growth

Disney reported adjusted earnings of $1.57 per share for Q2 2026, surpassing analyst estimates of $1.49, with revenue rising 7% to $25.17 billion. Growth was driven by strong performance in entertainment, ESPN, and theme parks, with operating income and cash flow also increasing. The company raised its fiscal 2026 share repurchase target to $8 billion and expects accelerated growth in the second half of the year, supported by streaming investments, sports content, and expansion of Disney Experiences. Disney also highlighted long-term growth initiatives including new theme parks, sports partnerships, and technology-driven monetization.