Disney fiscal Q2 2026 beats: adjusted EPS $1.57, streaming profit up 88%, buyback raised to $8B

Disney reported fiscal Q2 2026, the quarter ended March 28, with revenue of $25.17B, up 7%, and adjusted EPS of $1.57, up 8%. Entertainment SVOD operating income rose 88% to $582M at a 10.6% margin, and Experiences operating income grew 5% to $2.62B. Management kept its fiscal 2026 adjusted EPS growth outlook at about 12% excluding the 53rd week, raised its buyback target to at least $8B and guided fiscal Q3 segment operating income to about $5.3B. Press reports said the shares rose roughly 7% to 8% after the release.

• Revenue $25.17B (+7%); total segment operating income $4.60B (+4%)
• Adjusted EPS $1.57 (+8%); GAAP diluted EPS $1.27 (-30%) after a prior-year tax benefit and this year's charges
• Sports operating income $652M (-5%) on higher rights and marketing costs
• Guidance: fiscal 2026 adjusted EPS growth about 12% ex-53rd week; buybacks at least $8B, up from $7B
• Fiscal Q3 guidance: segment operating income about $5.3B; Sports operating income down about 14%

SEC filing 8-K · accession 0001744489-26-000036 · sec.gov ↗