Disney Projects Higher Earnings, Doubles Buyback Target For 2026: Why Is The Stock Falling Today?

Disney posted $22.5 billion in revenue for the fourth quarter, falling short of the analysts’ consensus estimate of $22.78 billion.

• Disney announced that it is doubling its share repurchase target to $7 billion for 2026.
• The company declared a cash dividend of $1.50 per share, payable in two installments.

Walt Disney Co. (DIS) announced on Thursday that the company anticipates double-digit growth in adjusted earnings per share for fiscal 2026, and highlighted that it is doubling its share repurchase target to $7 billion.

Additionally, the company declared a cash dividend of $1.50 per share, payable in two installments of $0.75 per share, on Jan. 15, 2026, and Jul. 22, 2026.

Fourth-Quarter Performance 

Disney posted $22.5 billion in revenue for the quarter, marking flat growth compared with the same period last year, while earnings per share (EPS) nearly tripled year-on-year (YoY) to $0.73. 

While revenue fell short of the analysts’ consensus estimate of $22.78 billion, EPS exceeded the estimate of $1.02, according to Fiscal AI data. 

Following the Q3 earnings result, Walt Disney’s stock traded over 3% lower in Thursday’s premarket. On Stocktwits, retail sentiment around the stock remained in ‘extremely bullish’ territory. Message volume improved to ‘extremely high’ from ‘high’ levels in 24 hours. 

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