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Netflix Q2 revenue expected at $12.6B with operating margin forecast lowered to 32% for FY 2026

Company Fundamentals
16 Jul 2026
Seeking Alpha
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Neutral
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Analysts expect Netflix to report $12.6 billion in revenue for Q2 and $51.3 billion for the full year 2026. The operating margin forecast has been revised down from 33% to 32% due to anticipated higher expenses, with an expected operating profit of $16.3 billion in FY 2026. Revenue growth is expected to be driven by continued new membership additions. These projections reflect stable expectations for Netflix's financial performance in the near term.

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