Comcast Corporation (CMCSA) earnings on July 23, 2026

Before the market opens Q2 2026

More Comcast Corporation earnings

Prior outlook: Optimistic Outcome: Partial

Comcast shares dropped 6% after earnings, despite a strong performance from Peacock. Weakness in broadband weighed on the stock.

CMCSA price around the earnings

21.92

Change: -6.8%

2026-07-23, 20:00 UTC

Start of the measured window End of the measured window
21.92 22.75 23.57 24.40 23.52
Price series around the eventClosing price per minute from before the event to the end of the measured window.
July 23, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • Start of the measured window
  • End of the measured window
  • Market open
  • Starting price
Price series around the event

Prior thesis

Prior outlook: Optimistic Outcome: Partial

Thesis published
Results released

Pre-release: Strong historical beats and recent rebound, but political risks and mixed analyst actions create headwinds.

Context analyzed before publication

Trend
Significant rebound from extreme after a strong recent drop conditions, now showing moderate positive trend strength into earnings.

Analysts

Evidence

Analyst consensus
Hold
Consensus average (1-5)
2.56
Analysts covering the stock
21
Average price target
30.94
Lowest price target
21
Highest price target
44
Upside to price target
31.5%
Quarterly earnings growth
-35.6%
Revenue growth
5.3%
Forward EPS
3.68
Trailing EPS
5.04
Analyst moves in the last 60 days
10
  • Strong buy: 1
  • Buy: 8
  • Hold: 15
  • Sell: 2
  • Strong sell: 1
Strong buy
1
Buy
8
Hold
15
Sell
2
Strong sell
1
  • July 20, 2026 · RBC Capital: Maintains rating (Sector Perform → Sector Perform)
  • July 15, 2026 · Scotiabank: Maintains rating (Sector Perform → Sector Perform)
  • July 14, 2026 · BNP Paribas: Maintains rating (Underperform → Underperform)
  • July 7, 2026 · Morgan Stanley: Maintains rating (Equal-Weight → Equal-Weight)
  • July 7, 2026 · Wells Fargo: Maintains rating (Underweight → Underweight)
  • July 2, 2026 · Goldman Sachs: Maintains rating (Neutral → Neutral)
  • June 30, 2026 · Rosenblatt: Upgrades rating (Neutral → Buy)
  • June 30, 2026 · Deutsche Bank: Upgrades rating (Hold → Buy)
  • June 12, 2026 · Freedom Broker: Initiates coverage (Hold)
  • June 5, 2026 · Rosenblatt: Maintains rating (Neutral → Neutral)

News and sentiment

Evidence

Sentiment
Sentiment
Neutral
Mentions
0
News
Sources (5)

Technicals

Evidence

Average true range (ATR)
3.1%
Distance to 52-week high
-26.5%
14-day change (14d)
+1.6%
30-day change (30d)
+5.6%
30-day relative strength
+5.1%
SPY change (30d)
+0.4%
Nearest support
23.48
Nearest resistance
23.59
Volume accumulation ratio (14d / 46d)
0.72

Trends

Evidence

Average earnings surprise
+6.7%
  • April 23, 2026: actual EPS 0.79 vs estimate 0.73 (surprise +8.3%)
  • January 29, 2026: actual EPS 0.84 vs estimate 0.76 (surprise +10.8%)
  • October 30, 2025: actual EPS 1.12 vs estimate 1.1 (surprise +1.7%)
  • July 31, 2025: actual EPS 1.25 vs estimate 1.18 (surprise +5.9%)

Expected move

Implied move
+7.4%
Source
Options chain

Reactions over its last 20 earnings

Median move
3.5%
75th percentile move
6.6%
90th percentile move
9.2%
Up / down moves
10 / 10
Average up move
+3.8%
Average down move
-5.3%

Monitoring and close

What Comcast Corporation reported

Status
Finished
Actual EPS1.04
EPS estimate0.97
EPS surprise+7.2%
Revenue$29,940 million
Revenue estimate$29,301 million
Revenue surprise+2.2%

Comcast beats Q2 2026 estimates with record wireless additions and Peacock's first quarterly profit, but broadband losses persist.

Sources (29)

Pre-market second reading after the results

Verdict
Beat expectations

Heading into the open, the figures confirm the optimistic scenario. In the 1571 past cases with a similar move, the close held that direction 76% of the time.

How the stock reacted

Outcome
Partial
Consolidated
-6.8%
Max favorable move (MFE)
3.3%
Max adverse move (MAE)
6.9%