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- Netflix stock is down roughly 25% in 2026 as Q3 earnings loom
Netflix (NFLX) reports third-quarter results after the bell on Tuesday, with the stock down more than 25% this year and closing Friday near $70, versus $93.76 at the end of 2025. Investors are worried about slowing viewership, competition from YouTube, and live sports moving to Amazon Prime Video and HBO Max. Last week Netflix cut about 6% of its workforce (roughly 1,000 employees) and named Peter Rice its new chief content officer, and five firms lowered price targets in October. Analysts expect EPS of $0.82 on revenue of $12.88 billion, up about 12% from a year earlier, in line with Netflix's own forecast. KeyBanc's Justin Patterson wants more content investment, product changes, expense cuts and a possible first-ever dividend.
- Netflix stock is down roughly 25% in 2026 as Q3 earnings loom
Netflix shares are down more than 25% this year ahead of third-quarter results after the bell on Tuesday, closing Friday near $70 versus $93.76 at the end of 2025, amid concerns about waning viewership, YouTube's dominance in watch time and more live sports moving to rival services. Last week Netflix cut 6% of its workforce, about 1,000 employees, its largest reduction since 2022, and named former Disney executive Peter Rice as chief content officer, replacing Bela Bajaria. Analysts expect EPS of $0.82 and revenue of $12.88 billion, up about 12% from a year earlier and in line with the company's own forecast, and five firms cut price targets in October. KeyBanc wants more content investment, product changes, expense cuts and a possible dividend, while Yahoo Finance's Brian Sozzi urged management not to 'read off the script' on the call.
- I've Covered Netflix for 24 Years. Here's Whether the Stock Is Overvalued Right Now.
The author, who has followed Netflix (NFLX) for 24 years, notes the stock has fallen more than 40% over the past year after a long run of gains. Netflix's trailing revenue is now over $48 billion at a record net margin, compared with $153 million in revenue when it went public in 2002. The stock trades at under 20 times this year's projected earnings, under 19 times next year's and 15 times the year after, and guidance calls for 11.7% third-quarter revenue growth. The author argues the valuation looks compelling for a premium business with pricing flexibility and that the current pullback is milder than the 2011 Qwikster and 2022 sell-offs. Results are due after the market closes on Wednesday, which could change the valuation math.
- What Has The Market Missed In Netflix Stock's Drop?
Netflix (NFLX) shares have fallen 41.4% over the past twelve months, while the S&P 500 returned 16.2%, even as management plans for content spending to grow more slowly than sales. Management guided to full-year 2026 sales growth of 13% to 14% and expects content expense to rise about 10%. The operating margin reached 29.7% over the twelve months to June 2026, though most of the gain came by June 2025. Reuters reported on July 16, 2026 that the 12% revenue growth forecast for fiscal Q3 fell short of Wall Street targets, down from 13.4% in fiscal Q2. Operating profit rose about 17% to $14.4 billion over the twelve months to June 2026, slightly faster than revenue growth of 16.0%.
- Can Ad-Supported Streaming Momentum Boost Netflix's Q3 Results?
Netflix is scheduled to report third-quarter 2026 results on Oct. 20, with guidance for revenue of $12.86 billion (about 12% growth) and adjusted EPS of 82 cents. Advertising is expected to be the key growth driver, as the company targets roughly $3 billion in 2026 ad revenue, about double the 2025 level. Operating margin is projected at 33.2%, up from 28.2% a year earlier. However, live programming accounts for about 5% of content spend but only about 1% of view hours, and first-half view hours grew just 2%. The full-year outlook calls for revenue of $51–$51.4 billion and a 31.5% operating margin, though currency volatility and content timing remain risks.
- Netflix Stock Has Gained in the Fourth Quarter in 17 of the Last 24 Years
Netflix shares ended the fourth quarter higher in 17 of the past 24 years, with a median gain of about 12%, but the writer argues the reaction to the October earnings report matters more than this history. Since 2004, the stock has made 14 one-day moves of 10% or more after that report, and in 13 of those years it closed the quarter in the same direction; last year shares fell 10% and finished the quarter down about 22%. Revenue growth has slowed each quarter, from 18% in late 2025 to 13% in April–June 2026, and management forecasts 12% for the third quarter. The stock, at roughly $72, is 42% below its 52-week high of $124.86 and trades near 19 times analysts' 2027 earnings estimates. The writer says the fourth-quarter forecast, which implies growth of about 11% to 14%, will matter more than the third-quarter results reported on Oct. 20.
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- CoreWeave Dropped 20% Last Week. Is It Time to Panic or Buy?
CoreWeave shares fell more than 20% as of Oct. 16, driven mainly by concerns over debt and spending. The company carries about $35 billion in total debt against $5.5 billion in cash, with net interest payments reaching $640 million in the second quarter alone, unsecured bond yields approaching 15%, and an S&P rating of B+. Capital expenditure was just over $16 billion in the first half of 2026 and could reach $39 billion for the year, roughly triple its $12.4 to $13.2 billion revenue guidance. States are also weighing restrictions on data centers. On the positive side, second-quarter revenue rose 112% year over year and the backlog exceeded $104 billion. The author has reservations and sees the drop as an opportunity only for the most risk-tolerant investors, who might build a position slowly, while the company needs to prove it can convert its backlog efficiently and manage debt.
- Apple’s iPhone Duo Sold Out In Minutes. The Last Time Apple Reinvented The Phone, One Apple Supplier’s Stock Soared About 1,200% In A Decade
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- Why Sandisk Stock Shot Higher Today
Sandisk shares jumped as much as 8.3% and were still up 7.9% at 11:24 a.m. ET, helped by a tech rebound and positive news in high-bandwidth memory (HBM). Nvidia has developed NVHBM, a custom HBM die with 15% lower power consumption and 30% higher bandwidth that links NVLink and HBM chips. A Seoul Economic Daily report says Nvidia asked Samsung Electronics to use TSMC's 3-nanometer process to make NVHBM dies, the first such collaboration between the two. Nvidia has also approached Micron and SK Hynix to standardize the process, which could free compute-die space for up to 30% additional compute. The article argues this suggests AI adoption still has room to grow, which would also benefit memory suppliers, and notes Sandisk trades at 19 times earnings and 6 times forward earnings.
- JPMorgan Picks Ethereum for JPM Coin, Citing the Network’s Liquidity and Client Use
JPMorgan is launching JPM Coin, its dollar deposit token, on Ethereum and will offer it to institutional clients there, as announced Monday and reported by Bloomberg. Emma Landriault, global head of Kinexys Labs, said Ethereum's liquidity and the fact that the bank's clients already use it drove the choice. The token targets large crypto firms that pay onchain and financial institutions active in tokenized assets, which can use it as onchain cash to settle trades or as collateral. JPM Coin debuted last year on Base, and it lets clients move dollars in seconds at any hour, whereas a transfer can otherwise take several days. JPMorgan's private Kinexys network already handles daily volume above $7 billion, the bank's payments arm handles around $12 trillion in daily payments, and Open Standard launched its OUSD stablecoin on Ethereum, Solana, Base and Tempo last month.
- Prediction : Amazon Next Chapter Could Be Its Most Important One Yet
24/7 Wall St. sets a price target of $332.67 for Amazon (AMZN), 30.4% above the current $255.20, and rates the stock a buy with 70% confidence. The thesis rests on AWS, which grew 37% last quarter, its fastest pace in 18 quarters, while Amazon plans to spend about $200B in 2026 on AI infrastructure, chips, robotics and satellites. The article flags risks: trailing free cash flow turned negative at about -$7.6B after second-quarter capex rose 68.44%, and long-term debt climbed to $119.1B from $65.6B. It compares Amazon's valuation with Microsoft and Alphabet, and says the author would stay constructive if AWS growth stays above 30% and free cash flow turns positive in 2027.
- Explainer - What behind Egypt move towards possible military involvement in Saudi - Yemen conflict ?
Egypt's parliament is expected to vote next week on authorising its armed forces to help defend Saudi Arabia against Houthi attacks from Yemen, if Riyadh requests support. President Abdel Fattah al-Sisi made the request in a Saturday speech, a clear escalation from Cairo's measured tone since the Iran war began, though Egypt has not publicly committed to a direct combat role. Egypt relies heavily on Gulf states for remittances, aid and deposits, including a $5.3 billion Saudi deposit at Egypt's central bank due this month. Analysts say security concerns, including a July drone strike on two gas vessels at Damietta and shared interest in Red Sea shipping, are pushing Cairo toward a more active stance. Egypt receives about $1.3 billion a year in US military aid and previously sent air and naval forces to the Saudi-led coalition in Yemen in 2015.
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