NETFLIX INC — Form 8-K
Filed October 20, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 22/100
What the filing says
Netflix reported Q3 2026 revenue of $12.9B (+12% YoY), with operating margin of 34.6% versus 28.2% in Q3 2025. Full-year 2026 guidance: $51.1B revenue (+13% YoY) and 31.5% operating margin. The company reduced Q4 ad revenue guidance to ~$2.7B from ~$3B due to slower ad product rollout; free cash flow guidance adjusted to $12.0B from $12.5B due to a pending real estate transaction. Netflix conducted $4.8B in share repurchases in Q3 (63.9M shares), its largest quarter ever.
Why this rating
Solid quarterly beat on consensus with normalized guidance reductions; $12.9B revenue is 2.3% of $565.7B market cap. Material but routine quarterly execution without transformational business changes.
See more from October 20, 2026.
EDGAR·FLOW summarizes public SEC EDGAR filings with automated analysis. Materiality scores and stock-impact predictions are algorithmically generated and are not investment advice. Always verify against the source filing on SEC.gov.