Netflix reports second-quarter 2026 financial results on July 16.

The company projects Q2 revenue of approximately $12.57 billion. Operating margins are expected to reach 32.6% for the quarter.

Netflix aims to double annual advertising revenue to $3 billion by year-end 2026. Investors are monitoring the growth of the ad-supported tier and its impact on total revenue.

Analysts expect content amortization to peak during the second quarter. Full-year 2026 free cash flow guidance increased to approximately $12.5 billion.