Disney Q2 revenue rose 7% to $25.2 billion; GAAP EPS fell 30% to $1.27
Disney reported fiscal second-quarter 2026 revenue of $25.2 billion, up 7% from a year earlier, and income before income taxes of $3.4 billion, up 9%. Adjusted EPS rose 8% to $1.57, but diluted EPS fell 30% to $1.27, so shareholders see mixed per-share results. The company also outlined fiscal 2026 adjusted EPS growth of approximately 12% excluding the 53rd week, and said it will not proceed with a previously planned OpenAI investment.
Key points
- Revenue rose 7% to $25.2 billion and income before income taxes rose 9% to $3.4 billion in the quarter ended March 28, 2026.
- Diluted EPS fell to $1.27 from $1.81, while adjusted EPS rose to $1.57 from $1.45.
- For fiscal 2026, the company expects adjusted EPS growth of approximately 12% excluding the 53rd week, or approximately 16% including it, and targets at least $8 billion in share repurchases.
- Because OpenAI shut down Sora, Disney will not proceed with its previously planned investment in the company.
The filing
Written by AI on Nov 8, 2026, 2:16 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 06, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.