GoPro, Inc. (GPRO) Earnings
GoPro, Inc. is expected to report next earnings on August 10, 2026 (in NaN days), with a consensus EPS estimate of $0.02. GPRO has beaten EPS estimates in 5 of its last 12 reported quarters (average surprise -554.2% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 11, 2026 | $-0.03 | $-0.35 | -1066.7% | $99M | -28.0% |
| Mar 5, 2026 | $0.04 | $-0.02 | -150.0% | $202M | -17.6% |
| Nov 6, 2025 | $-0.03 | $-0.09 | -200.0% | $163M | -22.9% |
| Feb 6, 2025 | $-0.01 | $-0.09 | -800.0% | $201M | +2.2% |
| Nov 7, 2024 | $-0.02 | $-0.04 | -100.0% | $259M | +1.5% |
| Feb 7, 2024 | $0.02 | $0.02 | -13.0% | $295M | -9.4% |
| Aug 3, 2023 | $-0.07 | $-0.07 | +0.0% | $241M | +8.8% |
| Feb 2, 2023 | $0.09 | $0.12 | +33.3% | $321M | -1.1% |
| Nov 3, 2022 | $0.16 | $0.19 | +18.8% | $305M | +2.2% |
| Aug 4, 2022 | $0.06 | $0.08 | +33.3% | $251M | +4.9% |
| May 5, 2022 | $0.05 | $0.09 | +80.0% | $217M | -0.1% |
| Feb 3, 2022 | $0.35 | $0.41 | +17.1% | $391M | +2.3% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 11, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- New Business Exploration & Strategic Alternatives * In April 2026, GoPro formally announced it is exploring opportunities in the defense and aerospace sector, after engaging consultant Oliver Wyman to assess addressable markets, product synergies, and go-to-market strategies; GoPro cameras already have widespread informal use in these demanding sectors, and management sees a meaningful scalable opportunity to grow this presence. * Following inbound M&A inquiries after the defense/aerospace announcement, GoPro's Board authorized a formal strategic review process with a financial advisor to evaluate all strategic alternatives to maximize shareholder value; management believes GoPro has significant unrealized value in its technology, IP, brand, product development, and scaled manufacturing capabilities that a transaction could unlock. * Modified GoPro cameras were used by NASA on the historic Artemis II Orion spacecraft mission, demonstrating the reliability of GoPro hardware for extreme mission-critical aerospace applications. - Partnerships * GoPro launched a co-branded ASUS ProArt GoPro Edition laptop built for GoPro creator workflows; early sales traction has far exceeded ASUS's expectations, confirming the strength of the GoPro brand for technology collaborations. * A partnership with Dick's Sporting Goods integrated GoPro cameras with Dick's Game Changer youth sports app (9 million+ active users), enabling seamless live streaming of youth sports; a bundled product package is sold via Dick's, and existing older GoPro models can be paired with the app for streaming. - New Product Launch * GoPro debuted the new Mission 1 series of professional 8K/4K compact cinema cameras at the 2026 NAB trade show, marking the company's most significant expansion into the professional and prosumer creator market. * The series includes three models (Mission 1, Mission 1 Pro, Mission 1 Pro ILS) featuring a new 50-megapixel 1-inch sensor and next-generation GP3 processor, delivering category-leading performance for extreme use cases. The line received three major industry Best of Show awards at NAB, and has earned overwhelmingly positive press coverage for its performance and value relative to far more expensive competing cinema cameras. * Mission 1 series will launch globally on May 28, 2026, through GoPro's website and major retail partners, and management expects it to help gain share in both core and new professional markets. - Operational Financial Improvements * Despite macro headwinds, GoPro reduced operating expenses year-over-year, cut total and channel inventory year-over-year and sequentially, and improved operating cash flow by 21 million USD year-over-year. The average selling price improved 6% year-over-year to $371, and the camera subscription attach rate rose to 51% from 49% in Q1 2025.
Guidance
- GoPro is withdrawing all full-year 2026 forward-looking guidance and will discontinue providing forward guidance at this time, due to ongoing macroeconomic challenges in the consumer electronics sector and the initiated strategic process to evaluate a potential sale or other strategic alternatives for the company.
Segment performance
GoPro reports total Q1 2026 revenue of 99 million USD, down from 134 million USD in Q1 2025. The retail segment generated 61 million USD in revenue, accounting for 61% of total revenue, down from a 70% revenue contribution in Q1 2025. The gopro.com direct channel (which includes subscription and service revenue) generated 38 million USD in revenue, representing 39% of total revenue, up from 30% in the prior year quarter. Subscription and services revenue was flat year-over-year at 27 million USD, comprising 27% of total Q1 2026 revenue.
Risks & headwinds
- Forward-looking statements are not guarantees of future performance, and actual results may differ materially from projections due to inherent risks and uncertainties. Key near-term risks cited include ongoing macro challenges in the consumer electronics sector, rising memory component costs, global supply chain constraints, and fluctuating import tariffs, all of which negatively impacted Q1 2026 gross margin and earnings. Additional risks are detailed in GoPro's most recent 10-K and other SEC filings.
Analyst Q&A
Q: Since GoPro CEO Nicholas Woodman holds 63% of outstanding voting power via Class B shares, can he confirm he personally supports a full sale of the company, and what terms would he require to approve a transaction?
A: Woodman confirmed he gives his full personal support to the strategic evaluation process, and is fully supportive of exploring all opportunities to unlock shareholder value. No specific price threshold was shared publicly. ---
Q: What types of parties submitted the inbound M&A inquiries that triggered the strategic review, and does the board or management have a preference for defense/aerospace acquirers versus core consumer imaging or financial buyers?
A: Woodman stated that interest came from multiple types of potential buyers, not limited to only defense/aerospace or only financial buyers. The broad range of interest led management and the board to pursue a full formal evaluation process to maximize shareholder value, with no pre-stated preference for one buyer type. ---
Q: What is the target market, competitive positioning, and pricing strategy for the newly launched Mission 1 cinema camera line, given the 2 to 2.5 million unit annual TAM for this segment?
A: The line is primarily targeted at professional filmmakers, TV and commercial producers, and top-tier content creators as an affordable, compact alternative to far more expensive traditional cinema cameras, with pricing ranging from $599 to $699. It also appeals to existing high-end action camera users seeking professional-level output, and aspiring consumers wanting the most capable GoPro hardware available. The interchangeable lens Pro ILS model supports widely available existing Micro Four Thirds lenses, delivering exceptional value and versatility compared to incumbent solutions that are far more costly and do not match Mission 1's technical specifications.