The Walt Disney Company (DIS) earnings on August 5, 2026

Before the market opens Q2 2026

More The Walt Disney Company earnings

Prior outlook: Pessimistic Outcome: Missed

Disney shares rose after better-than-expected earnings, climbing as much as 5.4% and closing up 3.85%.

DIS price around the earnings

101.76

Change: +3.7%

2026-08-05, 20:00 UTC

Start of the measured window End of the measured window
98.16 99.72 101.29 102.85 98.16
Price series around the eventClosing price per minute from before the event to the end of the measured window.
August 5, 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: Pessimistic Outcome: Missed

Thesis published
Results released

Strong analyst conviction and beat rate are offset by negative trend strength and a recent sharp negative trajectory.

Context analyzed before publication

Trend
Recent trajectory turned sharply negative into earnings, despite earlier positive trend strength.

Analysts

Evidence

Analyst consensus
Strong buy
Consensus average (1-5)
1.45
Analysts covering the stock
30
Average price target
126.51
Lowest price target
88
Highest price target
163
Upside to price target
28.9%
Quarterly earnings growth
-31.4%
Revenue growth
6.5%
Forward EPS
7.46
Trailing EPS
6.25
Analyst moves in the last 60 days
9
  • Strong buy: 6
  • Buy: 22
  • Hold: 2
  • Sell: 1
  • Strong sell: 0
Strong buy
6
Buy
22
Hold
2
Sell
1
Strong sell
0
  • July 29, 2026 · Citigroup: Maintains rating (Buy → Buy)
  • July 20, 2026 · UBS: Maintains rating (Buy → Buy)
  • July 14, 2026 · Barclays: Maintains rating (Overweight → Overweight)
  • July 13, 2026 · Benchmark: Initiates coverage (Buy)
  • July 13, 2026 · Wells Fargo: Maintains rating (Overweight → Overweight)
  • July 7, 2026 · Rosenblatt: Maintains rating (Buy → Buy)
  • July 2, 2026 · Raymond James: Maintains rating (Outperform → Outperform)
  • June 30, 2026 · JP Morgan: Maintains rating (Overweight → Overweight)
  • June 12, 2026 · Needham: Reiterates rating (Buy → Buy)

News and sentiment

Evidence

Sentiment
Sentiment
Constructive
Mention volume
High
Normalized volume
99%
News
Sources (7)

Technicals

Evidence

Price when the context was analyzed
98.16
Average true range (ATR)
2.2%
Distance to 52-week high
-16.2%
14-day change (14d)
+2.1%
30-day change (33d)
-1.3%
30-day relative strength
-4.8%
SPY change (33d)
+3.5%
Nearest support
97.51
Distance to nearest support
0.7%
Nearest resistance
98.52
Distance to nearest resistance
0.4%
Volume accumulation ratio (14d / 46d)
1.33
  • Mid: 97.51 (0.7% away, 0.3 ATR, 25 touches)
  • Mid: 97.03 (1.2% away, 0.52 ATR, 34 touches)
  • Major: 96.62 (1.6% away, 0.7 ATR, 30 touches)
  • Major: 98.52 (0.4% away, 0.16 ATR, 21 touches)
  • Major: 99.08 (0.9% away, 0.42 ATR, 30 touches)
  • Major: 99.49 (1.4% away, 0.61 ATR, 26 touches)

Trends

Evidence

Average earnings surprise
+7.0%
  • May 6, 2026: actual EPS 1.57 vs estimate 1.5 (surprise +5.0%)
  • February 2, 2026: actual EPS 1.63 vs estimate 1.58 (surprise +3.4%)
  • November 13, 2025: actual EPS 1.11 vs estimate 1.02 (surprise +8.4%)
  • August 6, 2025: actual EPS 1.61 vs estimate 1.45 (surprise +11.3%)

Expected move

Implied move
+5.3%
Source
Options chain

Reactions over its last 20 earnings

Median move
6.6%
75th percentile move
8%
90th percentile move
10.9%
Up / down moves
9 / 11
Average up move
+6.3%
Average down move
-5.9%

Monitoring and close

What The Walt Disney Company reported

Status
Finished
Actual EPS2.06
EPS estimate1.86
EPS surprise+10.8%
Revenue$25,248 million
Revenue estimate$25,404 million
Revenue surprise-0.6%

Disney reports 21% operating income jump powered by Toy Story 5. Stock rises 4.6%. Disneyland raises cocktail prices to $20. Company restructures to link intellectual property closer to merchandise sales.

Sources (50)

Pre-market second reading after the results

Verdict
Beat expectations

Heading into the open, results beat expectations on earnings but not on revenue, and the price is indicating +3.3% pre-market, a move below the stock's usual reaction (about 7%). The figures overturn the prior pessimistic scenario. Across our market history, in the 1,275 similar cases the close held that direction 86% of the time.

How the stock reacted

Outcome
Missed
Consolidated
+3.9%
Max favorable move (MFE)
0%
Max adverse move (MAE)
5.4%