Want to see ROKU full AI Analyst Report?

Roku (ROKU) Earnings Dates, Call Summary & Reports

15,000 Followers

Earnings Data

Report Date

Jul 30, 2026

After Close (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

0.6

Last Year’s EPS

0.07

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 24 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:Apr 30, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call conveyed a predominantly positive operational and financial trajectory: strong platform, advertising, and subscription revenue growth; meaningful margin expansion in advertising; record-like free cash flow; broad DSP and AI-driven product momentum; and a major scale milestone of 100M streaming households. Offsetting risks include device revenue and margin pressure from falling ASPs and rising memory costs, subscription gross margin mix effects, and second-half visibility risks tied to political ad spending and tougher comparables. On balance, the positive growth, margin improvement in the core platform business, and strong cash generation outweigh the device and mix headwinds.

Company Guidance

Roku guided Q2 platform revenue to about 20% year‑over‑year growth (with advertising and subscriptions each roughly at that pace) and raised full‑year platform revenue guidance by over $100 million (≈3 percentage points) to nearly 21%; management said EBITDA and EBITDA margins are being increased and free cash flow is expected to again exceed adjusted EBITDA for the full year. For context, Q1 included platform revenue +28%, advertising revenue +27%, subscription revenue +30% (23% ex‑Friendly), EBITDA margin nearly 12% (more than doubled YoY), $148 million of free cash flow (~16% FCF margin), ad gross margin just over 60% (up >400 bps YoY), subscription gross margin just north of 40% (expected ~41–42% for the year) and platform gross margin toward the high end of ~51–52%; device investment and unit assumptions (including expected elevated memory costs) remain unchanged from last quarter, and the company has greater visibility into Q2 than the more conservatively modeled back half.

Strong Platform and Advertising Growth

Platform revenue grew 28% year-over-year; advertising revenue grew 27% year-over-year. Management expects Q2 platform revenue growth of ~20% and raised full-year platform revenue guidance by over $100 million to nearly 21% growth.

Robust Subscription Performance

Subscription revenue grew 30% year-over-year (23% ex-Friendly acquisition), driven by premium subscription sign-ups and new tier-one launches including Apple TV (March) and Peacock.

Improving Profitability and Cash Generation

EBITDA margins more than doubled year-over-year to nearly 12%. Free cash flow was $148 million (second-highest on record) with free cash flow margins of nearly 16%. Management expects free cash flow to again exceed adjusted EBITDA for the full year.

Advertising Gross Margin Expansion and Demand Diversification

Advertising gross margin was just over 60% (up ~400 basis points year-over-year). Non-M&E advertisers reached an all-time high of ~30% of Roku Experience ad revenue, reflecting successful demand diversification and new higher-margin ad products (e.g., home screen video).

Scale and Platform Reach Milestone

Roku surpassed 100 million streaming households and reports nearly half of streaming in the U.S. occurs on its platform, reinforcing scale for monetization and partner distribution.

Programmatic & Product Momentum (DSPs, Ads Manager, AI)

Major third-party DSP integrations (Amazon, The Trade Desk, DV360/Campaign Manager 360, Yahoo, FreeWheel) are ramping and most video delivery is now via programmatic partners. Ads Manager adoption is growing and management emphasized broad generative AI adoption to improve discovery, ad performance, creative generation, engineer productivity, and new SMB-oriented ad products.

Home Screen Redesign Driving Engagement

Large-scale home screen test shows encouraging results: increased engagement, higher viewer satisfaction, and improved monetization (marquee ad viewed earlier, higher click-through rates). Company plans broad rollout.

Roku (ROKU) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

ROKU Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 30, 2026	2026 (Q2)	0.60 / -	0.07	―	―	―
Apr 30, 2026	2026 (Q1)	0.33 / 0.57	-0.19	400.00% (+0.76)	―
Feb 12, 2026	2025 (Q4)	0.28 / 0.53	-0.24	320.83% (+0.77)	―
Oct 30, 2025	2025 (Q3)	0.09 / 0.16	-0.06	366.67% (+0.22)	―
Jul 31, 2025	2025 (Q2)	-0.15 / 0.07	-0.24	129.17% (+0.31)	―
May 01, 2025	2025 (Q1)	-0.26 / -0.19	-0.35	45.71% (+0.16)	―
Feb 13, 2025	2024 (Q4)	-0.41 / -0.24	-0.55	56.36% (+0.31)	―
Oct 30, 2024	2024 (Q3)	-0.32 / -0.06	-2.33	97.42% (+2.27)	―
Aug 01, 2024	2024 (Q2)	-0.42 / -0.24	-0.76	68.42% (+0.52)	―
Apr 25, 2024	2024 (Q1)	-0.61 / -0.35	-1.38	74.64% (+1.03)	―

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

ROKU Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Apr 30, 2026	$116.56	$123.58	+6.02%
Feb 12, 2026	$82.93	$90.06	+8.60%
Oct 30, 2025	$100.03	$106.13	+6.10%
Jul 31, 2025	$94.16	$79.98	-15.06%

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.