You've probably been seeing the ticker DIS bouncing around your feed lately. It's that time again. The next Disney stock earnings date is officially confirmed for Monday, February 2, 2026.
This isn't just another data point on a spreadsheet. For anyone holding the stock—or just trying to figure out if the House of Mouse is finally finding its footing—this Q1 fiscal 2026 report is the big one. Why? Because the first quarter (which covers those heavy-spending holiday months like October, November, and December) usually tells us exactly how much "magic" is left in the consumer's wallet.
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Basically, Disney is planning to drop the news before the market opens on that Monday. If you're the type to wake up early, the conference call typically kicks off around 8:30 AM ET. You'll hear CEO Bob Iger and CFO Hugh Johnston try to explain why your Disney+ subscription went up or how the new cruise ships are doing.
Why the February 2 Date Matters So Much
Honestly, the timing is everything here. Most analysts, like the folks over at Wolfe Research and Zacks, have been sharpening their pencils for weeks. The consensus is looking for an Earnings Per Share (EPS) of roughly $1.54 to $1.57.
That’s a bit of a dip compared to the $1.76 they pulled in the same quarter last year. You might think, "Wait, shouldn't holiday earnings be higher?" Kinda. But Disney is dealing with some weird year-over-year comparisons. Last year, they had some massive box office tailwinds and different timing on their sports rights payments.
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The Revenue Goalposts
Wall Street is expecting revenue to land somewhere near $25.55 billion. That's a massive number, but for a company that owns everything from Avatar to ESPN, it's the benchmark for "healthy." If they miss that $25.5 billion mark, the stock might get a little shaky in pre-market trading.
What's Actually Moving the Needle?
It’s not just about the total dollar amount. You've gotta look at the "Three Pillars" Disney is leaning on right now.
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- Direct-to-Consumer (Streaming): We finally saw Disney+ turn a profit in 2024 and 2025. Now, the goal is "margin expansion." They’re aiming for about $375 million in operating income from streaming this quarter. If they hit that, it proves the streaming wars are actually winnable.
- Experiences (The Parks): This is usually Disney's ATM. However, they’ve warned about $90 million in "pre-opening expenses" for the Disney Destiny and Disney Adventure cruise ships. Investors are watching to see if people are still buying those $15 churros or if the "theme park fatigue" we heard about in mid-2025 is actually real.
- Content and Box Office: After a few years of "meh" performance, the studio side is under a microscope. They’re spending about $24 billion on content this year. That is a staggering amount of money.
The "Secret" Stats to Watch
Forget the top-line revenue for a second. If you want to know if the Disney stock earnings date will be a "buy" or "sell" signal, look at these two things:
The 53rd Week Factor
Interestingly, fiscal 2026 is a "leap year" of sorts for Disney’s accounting. It includes a 53rd week. While the Q1 report won't be fully impacted by this yet, the guidance they give for the rest of the year will be. Management usually excludes the "extra week" from their projections to keep things honest, but it’s a nice little cushion for their cash flow.
Share Repurchases
Disney has signaled they might double their share buybacks to around $7 billion this year. If Iger announces a massive buyback during the February 2 call, it usually acts as a floor for the stock price. It’s basically the company saying, "We think our stock is cheap, so we’re buying it ourselves."
Analyst Sentiment: Buy the Dip?
Right now, the "Bulls" (the optimists) say Disney is undervalued. Peter Supino at Wolfe Research recently gave it an "Outperform" rating with a target of $133. He thinks the stock is a steal at 16 times its 2026 earnings. On the flip side, the "Bears" are worried about declining cable TV subscribers (linear TV) and the massive cost of NFL rights on ESPN.
Historical Context: How Does Disney Usually React?
| Quarter | Reported EPS | Expected EPS | Surprise % |
|---|---|---|---|
| Q4 2025 | $1.11 | $1.03 | +7.77% |
| Q3 2025 | $1.61 | $1.46 | +10.27% |
| Q2 2025 | $1.45 | $1.18 | +22.88% |
| Q1 2025 | $1.76 | $1.44 | +22.22% |
As you can see, Disney has a habit of "beating" the estimates. They like to under-promise and over-deliver. If they beat by 10% again on February 2, we could see a nice little rally.
Actionable Insights for Investors
If you're watching the Disney stock earnings date, don't just stare at the headline number.
- Check the "ARPU": That’s Average Revenue Per User for Disney+. If it's going up, their price hikes are working.
- Listen for "Capex": They’ve committed to spending $60 billion over a decade on parks. If they suddenly scale that back, it might mean they’re worried about the economy.
- Watch the Dividend: They’ve already declared a $1.50 per share dividend for the year (paid in two $0.75 installments). Any change here is a huge signal of confidence.
The best thing you can do is set an alert for 8:00 AM ET on February 2. Read the press release first—don't wait for the news anchors to tell you what to think. Look for the "Segment Operating Income" for Entertainment versus Experiences. That’s where the real story lives.
Next Steps for You
- Mark your calendar: Monday, February 2, 2026, at 8:30 AM ET for the live webcast.
- Review the Q4 2025 transcript: It helps to know what they promised three months ago so you can see if they actually did it.
- Check your position: If you’re a long-term holder, the "choppiness" around earnings is usually just noise, but if you're trading options, the "Implied Volatility" (IV) will be sky-high leading up to that Monday.