Comcast (NASDAQ:CMCSA) Releases Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Posted by Brian Himes on Jul 23rd, 2026

Comcast (NASDAQ:CMCSA – Get Free Report) posted its quarterly earnings results on Thursday. The cable giant reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07, FiscalAI reports. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The company had revenue of $29.94 billion during the quarter, compared to analysts’ expectations of $29.24 billion. During the same quarter in the previous year, the firm earned $1.25 EPS. Comcast’s revenue was down 1.2% on a year-over-year basis.

Here are the key takeaways from Comcast’s conference call:

Comcast reiterated that its planned separation is moving ahead on track, with management targeting completion in about one year and aiming to set both businesses up with strong investment-grade balance sheets and financial flexibility.
Wireless was a standout, with 448,000 net line additions in the quarter, Comcast’s best result ever, and total lines crossing 10.2 million. Management said early conversion of free lines to paid accounts is tracking well and should support better monetization later this year.
Broadband trends improved modestly, with subscriber losses better year over year, but Connectivity & Platforms EBITDA fell as Comcast continued to invest in simpler pricing, packaging, and customer experience. Management expects modest improvement to begin in the third quarter as the company laps early investment costs.
Peacock reached profitability for the first time, generating $189 million of EBITDA in the quarter, while paid subscribers grew to 48 million. Strong content and event programming, including the World Cup, NBA playoffs, and Love Island, boosted both engagement and advertising revenue.
Parks results were weaker than expected, with management citing softer Orlando attendance tied to higher fuel prices and weaker consumer sentiment, plus ongoing pressure in Osaka and a challenging backdrop in Beijing. Comcast said Epic Universe is performing well, but broader park demand softened in June and has remained pressured into the third quarter.

Comcast Trading Down 2.0%

NASDAQ:CMCSA traded down $0.46 during mid-day trading on Thursday, hitting $23.06. 10,381,389 shares of the company’s stock were exchanged, compared to its average volume of 34,262,516. The company has a 50 day simple moving average of $23.93 and a 200-day simple moving average of $27.35. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01. Comcast has a fifty-two week low of $22.13 and a fifty-two week high of $36.01. The firm has a market capitalization of $82.37 billion, a P/E ratio of 4.53, a PEG ratio of 1.96 and a beta of 0.67.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date was Wednesday, July 1st. Comcast’s dividend payout ratio (DPR) is 25.98%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Sanford C. Bernstein reissued a “market perform” rating and issued a $28.00 target price on shares of Comcast in a report on Monday, July 13th. UBS Group reiterated a “neutral” rating on shares of Comcast in a research report on Tuesday, June 23rd. Freedom Capital raised shares of Comcast to a “hold” rating in a research note on Friday, June 12th. Deutsche Bank Aktiengesellschaft upgraded shares of Comcast from a “hold” rating to a “buy” rating and cut their target price for the company from $34.00 to $32.00 in a research report on Tuesday, June 30th. Finally, BNP Paribas Exane lowered their price target on shares of Comcast from $25.00 to $22.00 and set an “underperform” rating for the company in a report on Tuesday, July 14th. Eleven investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Comcast currently has a consensus rating of “Hold” and a consensus target price of $33.45.

Read Our Latest Research Report on CMCSA

Hedge Funds Weigh In On Comcast

Several large investors have recently modified their holdings of the business. State Street Corp lifted its stake in shares of Comcast by 4.6% in the third quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock worth $5,677,190,000 after acquiring an additional 7,917,335 shares during the period. Two Sigma Investments LP increased its position in Comcast by 1,356.2% during the 3rd quarter. Two Sigma Investments LP now owns 6,556,098 shares of the cable giant’s stock valued at $205,993,000 after purchasing an additional 6,105,867 shares during the period. Goldentree Asset Management LP increased its position in Comcast by 284.6% during the 4th quarter. Goldentree Asset Management LP now owns 7,824,614 shares of the cable giant’s stock valued at $233,557,000 after purchasing an additional 5,789,984 shares during the period. Harris Associates L P raised its holdings in Comcast by 24.5% during the 4th quarter. Harris Associates L P now owns 27,458,428 shares of the cable giant’s stock worth $820,732,000 after purchasing an additional 5,399,810 shares during the last quarter. Finally, Amundi lifted its position in shares of Comcast by 59.7% in the 4th quarter. Amundi now owns 14,175,517 shares of the cable giant’s stock worth $423,708,000 after purchasing an additional 5,297,313 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast News Summary

Here are the key news stories impacting Comcast this week:

Positive Sentiment: Comcast reported Q2 EPS of $1.04, beating analyst expectations of $0.97, and revenue of $29.94 billion also topped estimates. Comcast (CMCSA) Q2 Earnings and Revenues Surpass Estimates
Positive Sentiment: Peacock turned profitable for the first time, posting a $189 million profit and adding 2 million paid subscribers to reach 48 million, which is a meaningful milestone for Comcast’s streaming strategy. Comcast’s Peacock records first ever profit on World Cup, ‘Love Island USA’ boost
Positive Sentiment: Management said broadband losses narrowed again and wireless had its best quarter ever, suggesting some stabilization in Comcast’s core connectivity business. Comcast Reports 2nd Quarter 2026 Results
Neutral Sentiment: Comcast also declared a quarterly dividend of $0.33 per share, reinforcing its cash-return profile for income investors. Comcast Declares Quarterly Dividend
Negative Sentiment: Despite the earnings beat, Comcast’s overall profit was lower year over year and revenue declined 1.2%, while the broadband business still faces customer losses and pressure on the core cable model. Comcast earnings highlight NBCUniversal strength ahead of planned split

About Comcast

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Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.