NFLX · PEAD ↓ 39

Netflix reported Q2 2026 EPS of $0.80 on 2026-07-16, beating the $0.79 consensus by $0.01 (+1.27%); prior-year EPS comparison is not available in our feed.

Print-day reaction was +0.91% versus the prior close, a muted move consistent with a narrow EPS beat that offered little incremental surprise. The overnight gap from the T+0 close to the T+1 open was a sharp -11.93%, signalling meaningful after-hours selling pressure that swamped the initial positive read. Over the following two trading days (T+1 close through T+3 close) the stock drifted an additional -0.41%, extending rather than recovering from the overnight gap. Cumulative abnormal return of -5.93% versus SPY.US puts this firmly in PEAD short territory; per the documented drift pattern, the read is held through 2026-10-13.