EarningsQ2 2026 Earnings Report
MX:CMCSA Q2 2026 EPS Results
Actual EPS$17.83
Consensus EPS$16.56
Beat/MissBeat by +$1.27
One Year Ago EPS$20.08
MX:CMCSA Q2 2026 Revenue Results
Actual Revenue$513.30B
Expected Revenue$501.23B
Beat/MissBeat by +$12.08B
YoY Revenue Growth-1.23%
Earnings Announcement Details
QuarterQ2 2026
Date07/23/2026
TimeBefore Open
Conference CallThursday, July 23, 2026
MX:CMCSA Upcoming Earnings
Comcast's next earnings date is estimated for October 22, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:CMCSA Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
Mixed results: the quarter showed clear strategic progress and several material positives — record wireless additions and scale, Peacock reaching profitability and strong studios momentum, robust free cash flow — but near-term pressures remain in the Connectivity & Platforms business (ARPU and EBITDA declines), a consolidated adjusted EBITDA decline, and softness in Parks. Management expects the Connectivity headwinds to moderate as free wireless lines monetize and early investments are lapped, while Media and wireless are positioned to drive future growth. The call therefore balances meaningful operational and financial wins against important near-term execution and macro challenges.Company Guidance
Separation Announcement and Strategic Focus
Separation of Comcast into two companies announced three weeks prior with overwhelmingly positive internal and partner reaction; target to complete the separation in ~1 year and to establish investment-grade balance sheets for each company.
Record Wireless Growth and Scale
Wireless crossed 10 million total lines (10.2M reported) for the first time; best quarter ever with 448,000 net line additions (record), year-to-date net line additions up ~25%, free-line strategy driving awareness and conversion; wireless service revenue grew ~14%.
Strong Media Revenue and Peacock Profitability
Media revenue increased ~25% and Media EBITDA rose ~4%; Peacock reached profitability with $189 million of EBITDA, added ~2 million paid subscribers in the quarter (48 million paid subs total), Peacock revenue +54% with advertising revenue up ~70%.
Studios and Film Franchise Momentum
Studios revenue increased ~25% and EBITDA improved by $141 million year-over-year; notable theatrical successes include Minions & Monsters pushing the Minions franchise to $6 billion global lifetime and Obsession crossing $400 million worldwide; The Odyssey delivered a major global opening for Nolan.
Free Cash Flow and Capital Returned to Shareholders
Generated $4.6 billion of free cash flow in the quarter and returned $2.1 billion to shareholders, including $900 million in share repurchases (note: repurchases paused as of July 1 pending separation).
Progress on Broadband Pivot and Customer Experience
Broadband losses improved versus prior year (broadband losses of 167,000, improved by ~34,000 year-over-year); Net Promoter Scores increased year-over-year, and ~45% of broadband base on gig+ tiers; Opensignal/Xfinity recognized strong converged quality and download speed.
Business Services and Enterprise Momentum
Business Services revenue grew ~3.7% and EBITDA grew ~5% (excluding a nonrecurring fiber lease benefit underlying growth ~3%); enterprise solutions continue to scale with higher mix of advanced solutions (advanced solutions per dollar of connectivity up from ~$0.20 to ~$0.70 over three years).
MX: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