Comcast Corporation (CMCSA) Earnings
Comcast Corporation is expected to report next earnings on July 23, 2026 (in NaN days), with a consensus EPS estimate of $0.97. CMCSA has beaten EPS estimates in 12 of its last 12 reported quarters (average surprise +10.2% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 23, 2026 | $0.72 | $0.79 | +9.0% | $31.5B | +3.4% |
| Jan 29, 2026 | $0.73 | $0.84 | +15.2% | $32.3B | -0.1% |
| Oct 30, 2025 | $1.03 | $1.12 | +8.7% | $31.2B | +1.6% |
| Jul 31, 2025 | $1.16 | $1.25 | +7.8% | $30.3B | +1.7% |
| Apr 24, 2025 | $0.99 | $1.09 | +10.4% | $29.9B | +0.4% |
| Jan 30, 2025 | $0.86 | $0.96 | +11.4% | $31.9B | +1.0% |
| Oct 31, 2024 | $1.06 | $1.12 | +5.7% | $32.1B | +0.9% |
| Jul 23, 2024 | $1.12 | $1.21 | +8.0% | $29.7B | -1.2% |
| Apr 25, 2024 | $0.99 | $1.04 | +5.1% | $30.1B | +0.8% |
| Jan 25, 2024 | $0.79 | $0.84 | +6.3% | $31.3B | +2.5% |
| Oct 26, 2023 | $0.95 | $1.08 | +13.7% | $30.1B | +1.3% |
| Jul 27, 2023 | $0.97 | $1.13 | +16.5% | $30.5B | +1.3% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 23, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- New leadership structure with Mike as co-CEO and Steve leading connectivity and platforms. - First quarter achievements: Broadband net losses improved, best wireless net additions, media outperformed in audience, engagement, and monetization. - Connectivity and platforms investing to compete with focus on exceptional connectivity, reliable Wi-Fi, etc. - Media's legendary February drove record advertising sales and Peacock growth. - Parks continuing investment in growth pipelines.
Guidance
- Peacock expected to approach profitability next quarter. - Wireless free lines in second half expected to convert to paying relationships. - MBA-related dilution for media expected to improve from second quarter.
Segment performance
Connectivity and platforms: Broadband net losses improved by more than 100,000 year over year, wireless had best net additions in history. Media: Legendary February was remarkable, Peacock added 2 million net new subscribers with revenue up over 70%. Parks: Orlando performed extremely well with Epic driving strong resort attendance and higher per-cap spending. Business services: Revenue grew 6% and EBITDA increased 4%.
Risks & headwinds
- Intense competitive environment with fixed wireless, fiber overbuild, elevated promotional convergence offers. - MBA contract dilution impact in content and experiences. - Inbound international travel trends affecting some parks' attendance.
Analyst Q&A
Q: Craig Moffitt on broadband ARPU and FWA vs fiber;
A: Steve discussed broadband ARPU pressure, drivers of decline, improvement in connects, churn, NPS, and benefits from legendary February and organic efforts.
Q: Michael Rollins on wireless success and migration process;
A: Mike talked about MVNOs, mobile-led focus, lifecycle management, premium plans, and capital-efficient model.
Q: John Hudlick on broadband subs and cable consolidation;
A: Brian and Mike discussed broadband subs improvement tied to legendary February and organic efforts, and views on cable consolidation.
Q: Jessica Referlich on NBCU capital allocation and Peacock profitability;
A: Mike spoke about NBCU asset allocation, confidence in returns, and Peacock's path to profitability.
Q: Sean Diffley on fixed wireless vs satellite and cable M&A;
A: Steve talked about competing based on customer needs, and Brian commented on reevaluating market and landscape.
Q: Sebastiano Petty on parks macro and fiber overlap;
A: Mike discussed macro impacts on parks and advertising, and fiber overlap at 55%.
Q: Michael Eng on wireless line to paid strategy;
A: Mike spoke about free line roll-offs and impact on broadband ARPU.