Walt Disney (DIS) Tops Q1 EPS by 6c; offers guidance

Walt Disney (NYSE: DIS) reported Q1 EPS of $1.63, $0.06 better than the analyst estimate of $1.57. Revenue for the quarter came in at $25.98 billion versus the consensus estimate of $25.62 billion.

Guidance and Outlook:

Q2 Fiscal 2026:

Entertainment:

Segment OI comparable to Q2 fiscal 2025
SVOD operating income(1) of approximately $500 million, an increase of approximately $200 million compared to Q2 fiscal 2025

Sports(2):

Comparable revenue to Q2 fiscal 2025, and a decline in segment OI of $100 million reflecting higher rights expenses

Experiences:

Modest segment OI growth, due to a combination of factors, including international visitation headwinds at our domestic parks, pre-launch costs for the Disney Adventure at Disney Cruise Line and pre-opening costs for World of Frozen at Disneyland Paris

Fiscal Year 2026(3):

Entertainment:

Double digit segment OI growth compared to fiscal 2025, weighted to the second half of the year
SVOD operating margin(4) of 10%

Sports(2):

Low-single digit segment OI growth compared to fiscal 2025

Experiences:

High-single digit growth in segment OI compared to fiscal 2025, weighted to the second half of the year

Double digit adjusted EPS(5) growth compared to fiscal 2025
$19 billion in cash provided by operations(6)
On track to repurchase $7 billion of stock

For earnings history and earnings-related data on Walt Disney (DIS) click here.

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