Comcast (CMCSA)
NASDAQ:CMCSA
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Earnings Data
Report Date
Jul 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.97Last Year’s EPS
1.17Same Quarter Last Year
Based on 18 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a constructive mix of operational progress and near-term financial headwinds. Management reported meaningful early wins — record wireless net adds, improved broadband losses, strong Peacock subscriber growth, robust sports and advertising results, strong parks and studios performance, and solid free cash flow and shareholder returns. However, these positives are offset by near-term margin pressure driven by go-to-market investments (including bundled free wireless lines), first-year NBA rights dilution impacting Media EBITDA and broadband ARPU pressure that likely persists into Q2. Management describes these impacts as intentional investments with monetization and margin recovery expected later in the year, and the narrative emphasized confidence in the strategic pivot and the company’s ability to convert free lines to paid relationships.Company Guidance
Revenue Growth
Consolidated revenue increased 11% year-over-year in Q1 on a pro forma basis, benefiting from NBCUniversal events (Milan Cortina Olympics and Super Bowl). Excluding those events, revenue grew in the low single digits.
Record Wireless Net Additions
Added 435,000 net wireless lines in the quarter — the strongest quarter in company history — ending with 9.7 million total lines and ~16% penetration of the domestic residential broadband base.
Broadband Performance Improvement
Broadband net losses improved by 117,000 year-over-year to a net loss of 65,000 subscribers, the first YoY improvement since Q4 2020; connect volumes are up for the first time in more than four years and voluntary churn and NPS are moving in the right direction.
Peacock Subscriber and Revenue Momentum
Peacock added roughly 2 million net new subscribers in the quarter (5 million year-over-year, +2 million sequentially to reach ~46 million paid subscribers). Peacock revenue grew more than 70% year-over-year and streaming minutes hit a record 16.7 billion minutes for the Winter Games.
Legendary February Advertising Success
17-day mega-event (Olympics, Super Bowl, NBA All‑Star) reached over 225 million Americans and generated roughly $2.0–$2.2 billion in incremental advertising revenue across the period, driving audience, engagement and sizable distribution opportunities for connectivity offers.
Theme Parks Strong Growth
Theme Parks revenue rose 24% and EBITDA increased 33% (adjusted for last year's Epic preopening costs, Parks EBITDA grew over 7%). Epic Universe drove robust attendance and higher per-cap spending in Orlando.
Studios Box Office Success
Super Mario Galaxy crossed $750 million globally (the biggest title of the year) and the franchise has now grossed $2 billion worldwide; Studios off to a strong start with several high-profile releases planned.
Convergence and Wireless Revenue Upside
Wireless service revenue grew ~15% year-over-year. Convergence ARPA is roughly $85, and management highlighted a long runway to grow ARPA by converting free wireless lines to paid relationships in the back half of the year.
Network Demand and Usage
Monthly data usage on Comcast's network rose ~10% quarter-over-quarter, supporting demand for higher-speed tiers and gig+ adoption.
Strong Free Cash Flow and Capital Return
Generated $3.9 billion of free cash flow in Q1 and returned $2.5 billion to shareholders (including $1.25 billion in repurchases and $1.2 billion in dividends). Over the past 12 months the company returned ~$11 billion to shareholders.
Operational and Organizational Actions
New leadership structure and operational changes (including investments in customer experience, simplified packaging and go-to-market shifts) produced early positive signs across connect activity, mobile attach and NPS.
CMCSA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CMCSA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 23, 2026 | $29.37 | $31.64 | +7.73% |
Jan 29, 2026 | $28.08 | $28.90 | +2.92% |
Oct 30, 2025 | $26.11 | $25.01 | -4.24% |
Jul 31, 2025 | $29.43 | $30.10 | +2.25% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Comcast (CMCSA) report earnings?
Comcast (CMCSA) is schdueled to report earning on Jul 23, 2026, Before Open (Confirmed).
What is Comcast (CMCSA) earnings time?
Comcast (CMCSA) earnings time is at Jul 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CMCSA EPS forecast?
CMCSA EPS forecast for the fiscal quarter 2026 (Q2) is 0.97.
