10-Q quarterly report · filed Jul 23, 2026

Comcast (CMCSA) Q2 2026 10-Q Quarterly Report

Short answer

Comcast (CMCSA) filed its Q2 2026 10-Q quarterly report on Jul 23, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $29.9B (down 1.2% year over year) with net income of $3.5B.

Q2 2026 key financials · XBRL

Revenue
$29.9B
−1.2% YoY · −4.8% QoQ
Net income
$3.5B
−68.3% YoY · +62.1% QoQ
Operating margin
17.2%
EPS (diluted)
$0.99
−66.7% YoY · +65.0% QoQ

Source: XBRL data from the Comcast (CMCSA) Q2 2026 10-Q on SEC EDGAR. USD.

Comcast Q2 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $29.94B, down 1.2% YoY from $30.313B
  • Operating income $5.16B, operating margin 17.2% vs 19.8% YoY
  • Best segment Media revenue $5.691B, up 25.3%; worst Residential Connectivity revenue $17.124B, down 4.0%
  • Adjusted EBITDA $8.902B, down 13.4%; margin 29.7% vs 33.9% YoY
  • Outlook: competitive pressure, broadband and video customer losses, declining linear TV audiences, significant Peacock content and marketing costs

Risk Factors

  • New separation risk: June 2026 NBCUniversal and Sky spin-off announcement, requiring Board approval, tax opinions, regulatory approvals, and financing
  • Most material execution risk: Spin-off delay or failure if customary conditions, equity markets, debt markets, or external conditions deteriorate
  • Tax risk: Spin-off could lose intended U.S. federal tax-free status, creating substantial taxes and significant legal liabilities
  • Operational risk: Two smaller companies would incur separate ongoing costs currently shared between Comcast businesses
  • Financial risk: Share repurchases suspended beginning third quarter 2026, with $6.7 billion remaining authorization at June 30, 2026

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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