Snap (SNAP) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Jul 28, 2026

After Close (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

-0.12

Last Year’s EPS

-0.16

Same Quarter Last Year

Analyst Consensus

Hold

Based on 25 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:May 06, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call highlights substantial progress toward the company’s strategic goals: returning user growth, double-digit total revenue growth (12% YoY), strong subscription momentum (other revenue +87% YoY), expanding adjusted gross margin (57%) and a sizable improvement in adjusted EBITDA (+$125M YoY). Product and AI-driven ad improvements, along with new inventory surfaces like Sponsored Snaps and Promoted Places, showed encouraging early traction. Key challenges include weakness among large North American advertisers, a ~12% decline in eCPMs driven by mix shift, geopolitical impacts (~$20–25M in March) and near-term restructuring charges ($95–130M) that will pressure Q2 net income. On balance, the positive operational and financial momentum and stronger cash generation outweigh the near-term headwinds and execution risks.

Company Guidance

Snap guided Q2 revenue of $1.52 billion to $1.55 billion (assuming no contribution from Perplexity and that the Middle East operating environment remains consistent with March/April, though the geopolitical trajectory is uncertain), said infrastructure costs should grow modestly year‑over‑year in Q2 while all other cost of revenue is expected to remain roughly 16%–17% of revenue (in line with full‑year guidance), and estimated adjusted EBITDA of $175 million to $200 million; management also forecast pretax restructuring charges of $95 million to $130 million (mostly in Q2), noted a partial‑period personnel‑cost benefit in Q2 with larger operating‑expense and SBC reductions showing in Q3+, and reiterated plans to reduce annualized cost structure by more than $500 million in H2 2026 while staying on track toward full‑year margin and cost‑structure targets.

Return to User Growth

Global daily active users reached 483 million and monthly active users reached 956 million, both up 5% year-over-year, marking a return to DAU growth in Q1.

Revenue and Top-Line Acceleration

Total revenue increased 12% year-over-year to $1.53 billion in Q1, with advertising revenue of $1.24 billion (up 3% YoY) and other revenue of $285 million (up 87% YoY).

Material Profitability Progress

Adjusted EBITDA was $233 million, an improvement of $125 million year-over-year, with adjusted EBITDA flow-through of 75% on YoY revenue growth; net loss narrowed to $89 million from $140 million a year ago.

Improving Margins and Cash Generation

Adjusted gross margin expanded 3 percentage points to 57% in Q1. Operating cash flow was $327 million and free cash flow was $286 million in the quarter (trailing 12-month free cash flow $609 million).

Subscriptions and 'Other' Revenue Momentum

Other revenue (primarily subscriptions) grew 87% YoY to $285 million, driven by Memories storage, Snapchat+ and Lens+ adoption; subscriptions contributed to higher ARPU and margin expansion.

Ad Product and Performance Gains

Direct-response improvements: Dynamic Product Ads revenue grew >30% YoY; goal-based app bidding revenue grew 27% YoY; App Purchases revenue grew 87% YoY; Pixel Purchase conversions per dollar improved >23% YoY. Nearly 70% of ad spend uses AI-powered automation.

New and Scalable Ad Surfaces Showing Early Traction

Sponsored Snaps scaled in Chat (nearly 75% of U.S. Chat DAUs saw ads in Chat), with per-impression click-through rate improving 226% and 7-day conversion volume up 59%; Promoted Places drove >20 million incremental visits in early campaigns.

Product Engagement and AR Ecosystem Strength

Spotlight shares/reposts grew 62% YoY globally (124% YoY U.S.); Spotlight posters grew ~74% YoY U.S. and ~61% YoY globally; time spent watching Spotlight +11% YoY. AR engagement strong: >75% of Snapchatters use AR daily, Lens usage ~9 billion times/day, and >400,000 lenses submitted in Q1 (up >150% YoY).

Balance Sheet and Capital Actions

Ended Q1 with approximately $2.8 billion in cash and marketable securities, completed $350 million of share repurchases in Q1 and had $400 million remaining on the repurchase authorization.

Snap (SNAP) 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

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SNAP Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 28, 2026	2026 (Q2)	-0.12 / -	-0.16	―	―	―
May 06, 2026	2026 (Q1)	-0.07 / -0.05	-0.08	37.50% (+0.03)
Feb 04, 2026	2025 (Q4)	-0.03 / 0.03	0.01	200.00% (+0.02)
Nov 05, 2025	2025 (Q3)	-0.12 / -0.06	-0.09	33.33% (+0.03)
Jun 30, 2025	2025 (Q2)	-0.15 / -0.16	-0.15	-6.67% (-0.01)	―	―
Apr 29, 2025	2025 (Q1)	-0.13 / -0.08	-0.19	57.89% (+0.11)
Feb 04, 2025	2024 (Q4)	-0.04 / 0.01	-0.15	106.67% (+0.16)
Oct 29, 2024	2024 (Q3)	-0.14 / -0.09	-0.23	60.87% (+0.14)
Aug 01, 2024	2024 (Q2)	-0.16 / -0.15	-0.24	37.50% (+0.09)
Apr 25, 2024	2024 (Q1)	-0.26 / -0.19	-0.21	9.52% (+0.02)

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

SNAP Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 06, 2026	$6.11	$5.98	-2.13%
Feb 04, 2026	$5.91	$5.12	-13.37%
Nov 05, 2025	$7.30	$8.01	+9.73%
Jun 30, 2025	$8.69	$9.35	+7.59%

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.