Disney Reports Q1 Earnings Beat Expectations

The entertainment giant's profits exceeded Wall Street forecasts despite missing revenue targets.

Published on Feb. 2, 2026

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The Walt Disney Company reported fiscal first-quarter earnings of $2.4 billion, or $1.34 per share, topping Wall Street expectations. Adjusted earnings per share were $1.63, higher than the average analyst estimate of $1.57. However, the company's revenue of $25.98 billion fell slightly short of the $25.99 billion forecast.

Why it matters

Disney's quarterly results provide insight into the health of the entertainment industry and the company's ability to navigate challenges like the ongoing pandemic. The earnings beat suggests Disney's streaming and theme park businesses are performing well, but the revenue miss indicates potential headwinds the company is facing.

The details

Disney reported a profit of $2.4 billion for the first quarter of its 2026 fiscal year. On an adjusted basis, earnings per share were $1.63, exceeding the average analyst estimate of $1.57. However, the company's revenue of $25.98 billion fell slightly short of the $25.99 billion forecast by Wall Street.

  • Disney reported its fiscal first-quarter earnings on Monday, February 2, 2026.

The players

The Walt Disney Company

A diversified global entertainment company known for its theme parks, movies, TV shows, and consumer products.

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The takeaway

Disney's ability to exceed earnings expectations despite missing revenue targets suggests the company is navigating industry challenges effectively, though the mixed results indicate potential areas of concern that investors will be watching closely going forward.