Netflix reports third-quarter results on Tuesday, October 20, after forecasting revenue of $12.86 billion, up about 12 percent, with an operating margin of 33.2 percent and earnings of $0.82 a share.
Netflix will release its third-quarter 2026 results at about 1:01 pm Pacific Time (20:01 GMT) on Tuesday, October 20, followed by a video interview at 1:45 pm Pacific on its investor-relations YouTube channel, according to the company’s announcement.
What Netflix Forecast
These are the company’s own forecasts from its July 16 letter to shareholders, filed with the US Securities and Exchange Commission.
| Q3 2026 forecast | Figure | Year earlier |
|---|---|---|
| Revenue | $12,860 million | $11,510 million |
| Revenue growth | 11.7% (12% in the letter text) | 17.2% |
| Operating income | $4,268 million | $3,248 million |
| Operating margin | 33.2% | 28.2% |
| Diluted earnings per share | $0.82 | $0.59 |
How the Second Quarter Went
Netflix reported second-quarter revenue of $12.56 billion, up 13.4 percent, with operating income of $4.19 billion, a 33.4 percent margin, and earnings of $0.80 a share.
The Full-Year Outlook
Netflix narrowed its 2026 revenue forecast to $51.0 billion to $51.4 billion, or 13 to 14 percent growth, and kept its operating margin forecast at 31.5 percent. It expects advertising revenue to roughly double to about $3 billion this year.
Why It Matters
Netflix says the guidance it gives is its actual internal forecast, so the results will show how close it comes. The 33.2 percent margin it forecast compares with 28.2 percent in the third quarter of 2025.
