Walt Disney Company

Entertainment, streaming & parks · Burbank, CA · CEO: Bob Iger

Live price: Yahoo Finance →

Q2 FY26 · May 6, 2026

Q2 revenue

$25.17B

Revenue growth

+7% YoY

Adj. EPS

$1.57

EPS growth

+8% YoY

Streaming op. income

$582M (+88%)

Streaming margin

10.6%

FY26 EPS growth

~12% (guided)

Q3 op. income guide

$5.3B (+16%)

Snapshot

Market cap	~$190B
Disney+/Hulu rev.	$5.49B (+13%)
ESPN revenue	$4.61B (+6%)
Streaming margin goal	≥10% FY26
Target FCF FY26	≥$8B
NFL stake in ESPN	10% (valued at $3B)

Key themes

Bull	Streaming finally profitable; parks robust
Bear	International park headwinds; streaming competition
Catalyst	ESPN standalone launch + cruise expansion
Pre-market pop	+5.49% on Q2 results

Not investment advice. Data as of May 22, 2026. Check live quote for current price.

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Walt Disney (DIS) — Overview

The Walt Disney Company (NYSE: DIS) is one of the world’s largest entertainment companies, operating across streaming (Disney+, Hulu, ESPN+), theme parks and experiences (Disney World, Disneyland, Disney Cruise Line), and content production (Marvel, Pixar, Lucasfilm, ABC). Q2 FY2026 revenue of $25.17 billion grew 7% year-over-year, beating the $24.85 billion consensus. Adjusted EPS of $1.57 beat the $1.50 estimate. The headline story: streaming operating income soared 88% to $582 million, and the streaming segment’s operating margin broke double digits for the first time at 10.6%. Disney guided full-year FY2026 adjusted EPS growth of approximately 12% (excluding the 53rd week impact) and Q3 segment operating income of approximately $5.3 billion, up 16% year-over-year. CEO Bob Iger’s return has stabilized the company and positioned streaming for sustainable profitability after years of losses.

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