will report its first earnings under CEO Josh D’Amaro, who took the helm in March. Shares slipped 0.3% Tuesday as the company readies its fiscal Q2 report ahead of Wednesday’s open. Wall Street (LSEG) projects adjusted EPS of $1.49 and revenue of $24.78 billion, up 4.9% year‑over‑year.
Key Highlights:
- New CEO Josh D’Amaro announced mid‑April layoffs to streamline operations. Shares fell in February after Disney warned of fewer international visitors to its U.S. parks and weaker earnings in its TV and film division.
- The layoffs stem largely from Disney’s creation of a centralized marketing unit led by Chief Marketing and Brand Officer Asad Ayaz, a source told the author; cuts will affect marketing roles across the studios, TV networks, ESPN, product and technology, and corporate teams.
- Over the past eight quarters Disney has beaten Street EPS estimates every time but met or beat revenue in only five of those quarters.
- Senior executives are reportedly planning to consolidate Disney’s mobile apps into a single “super app,” Bloomberg sources say. The integrated platform would merge Disney+ with apps like Disneyland Resort and Disney Cruise Line Navigator, allowing users to book park tickets, buy merchandise, play games, and stream movies from one interface.
- Disney shares have slipped recently, falling roughly 10% year-to-date amid worries that high fuel costs and geopolitical risks from the war in Iran could weigh on its experiences segment.
- UBS analysts said recent investments in cruise ships and theme parks, plus the timing of certain theatrical releases, are likely to shift most of Disney’s growth into the second half of the fiscal year.
- In February, Disney guided for double‑digit operating income growth in the back half of the fiscal year and had expected those gains to continue through at least fiscal 2027. Since then, the Iran war and resulting spike in fuel costs have undercut that outlook, creating a one‑two punch that likely weighs on key businesses notably international attendance at Disney’s expanding global theme‑park portfolio.
Analysts Expectation:
- Morgan Stanley initiated coverage of Walt Disney (NYSE: DIS) with an overweight rating and a $135 price target.
- An analyst from Citi maintained Walt Disney (NYSE: DIS) at ’buy’ with a price target of $135.00 from a prior price target of $140.00.
- Barclays upheld an overweight rating on Walt Disney (NYSE: DIS) but trimmed its price target to $130 from $140.
DIS Q2 2026 earnings after market (6:40 am et) Wednesday May 06, 2026
|
Analyst Ratings |
|||
|
SOURCE |
BUY |
HOLD |
SELL |
|
LSEG |
28 |
4 |
1 |
|
TipRanks |
11 |
1 |
0 |
|
Earnings Expectation |
|
|
EPS |
1.49 USD |
|
Revenue |
24.87 B USD |
Expected Move by Option Expiration:
Options flow shows large positive open interest at the $150 strikes (48,931 contracts) and a small negative open interest at the $100 strikes (−18,747 contracts) across expiries from May 2026 to December 2028, including all quarterlies in 2027–2028.
Technical Analysis Perspective:
- DIS has traded between 126.50 and 79 since August 2022.
- 126.50–121.50 zone acted as resistance three times.
- 84.50–78.75 area served as a base, with four rebounds.
- Stock is testing a falling trendline around 106.50–110.50.
- Failure at the trendline could see a pullback toward 93–92.
- A clear, sustained break above 110.50 after earnings would open a path to 115.50–120.
Weekly Candlestick Chart
DIS Seasonality Chart:
Since 2007, DIS has closed May up an average 0.28% in 45% of years, while June has seen an average decline of 1.01% in 42% of years.
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Ali Merchant is a seasoned financial market professional with expertise in Technical Analysis, Treasury & Capital Markets, Trading, Sales, Research, Training, & Fund Management. He is the founder of www.twtlearning.com providing financial education, research and advisory services to fund & hedge fund managers and family offices.
He has been trading FX, FX options, US stocks & options, Indices, Commodities & Oil, and Metals Futures. He has a CMT charter, an AAPTA membership, and a CMT Canada membership. He has worked in various roles and organizations in North America and the GCC, such as ABN Amro bank, Thomson Reuters, Refinitiv, MAK Allen & Day Capital Partners, and Bridge Information Systems.
He is regarded as an excellent mentor and has trained more than 2000+ users in North America, Gulf countries & Asia on financial markets & products, active and passive trading, and technical analysis strategies. He emanated technical analysis daily and weekly reports for BridgeNews Chicago bureau and updated technical analysis reports on Bloomberg and Reuters while working with ABN Amro bank treasury & capital markets. Has moderated and produced technical analysis reports for Thomson Reuters (Refinitiv) users’ chat rooms and trained users on technical analysis techniques and models. Conducted TA & Global Markets outlook workshop with central banks, sovereign funds, global & regional banks & family offices.