Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
Comcast reported Q1 2026 revenue of $31.5B (+5.3% YoY), but operating income fell sharply by 26.9% to $4.1B and net income dropped 35.6% to $2.2B, reflecting significant margin compression and cost pressures.
Revenue
$31.46B
+5.25% YoY
EPS (Diluted)
$0.60
-32.58% YoY
Operating Income
$4.13B
-26.92% YoY
Source: SEC XBRL
Comcast (CMCSA) reported Q1 FY2026 revenue of $31.46B, up 5.3% year over year. Operating margin was 13.1%, down 5.8 points from 18.9% a year earlier. Operating cash flow was $6.89B, down 16.9% year over year. CMCSA's fiscal Q1 FY2026 corresponds to calendar Q1 2026.
Last 4 quarters: 3 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 1.04 | 1.00 | Beat +4.5% |
| Mar 2026This filing | 0.79 | 0.75 | Beat +5.1% |
| Dec 2025 | 0.84 | 0.78 | Beat +8.1% |
| Sep 2025 | 1.12 | 1.13 | Miss -0.9% |
Adjusted (non-GAAP) EPS of $0.79 versus the $0.75 analyst consensus — a +5.1% beat for Mar 2026. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was $0.60.
Compiled by AI from this SEC filing
Total revenue grew 5.3% YoY to $31.5B in Q1 2026 from $29.9B in Q1 2025, suggesting top-line momentum across Comcast's cable, media, and theme park segments despite a challenging macro environment.
Source: 10-Q Income Statement
Operating margin contracted sharply from 18.9% in Q1 2025 to 13.1% in Q1 2026, a decline of approximately 5.8 percentage points, indicating that cost growth significantly outpaced revenue growth during the quarter.
Source: 10-Q Income Statement / Key Ratios
Net income fell 35.6% YoY to $2.2B from $3.4B, and diluted EPS dropped 32.6% to $0.60 from $0.89, reflecting both the margin compression and potentially higher below-the-line costs such as interest or impairments.
Source: 10-Q Income Statement
Operating cash flow declined 16.9% YoY to $6.9B from $8.3B, while the company continued to return capital to shareholders via $1.2B in dividends and $1.5B in share buybacks, though buybacks were reduced 32.9% YoY.
Source: 10-Q Cash Flow Statement
Current liabilities fell 21.3% YoY to $33.3B while cash and equivalents rose 10.2% to $9.5B, though the current ratio remains below 1.0 at 0.87, indicating current liabilities still exceed current assets.
Source: 10-Q Balance Sheet
Compiled by AI from this SEC filing · 2 high, 2 medium, 1 low
Operating margin fell from 18.9% to 13.1% YoY, a decline of nearly 6 percentage points, suggesting cost structures are growing faster than revenues. If this trend persists, it could materially impair profitability and free cash flow generation over subsequent quarters.
Source: 10-Q Income Statement / Key Ratios
Operating cash flow dropped 16.9% YoY to $6.9B, and share buybacks were cut by 32.9% to $1.5B, signaling potential strain on discretionary cash. Sustained FCF weakness could limit Comcast's ability to invest in network infrastructure, content, and shareholder returns.
Source: 10-Q Cash Flow Statement
The current ratio stands at 0.87, meaning current liabilities of $33.3B exceed current assets of $28.8B. While this is common for large media and telecom companies with predictable cash flows, it leaves limited buffer against unexpected short-term obligations.
Source: 10-Q Balance Sheet
ROE of 2.46% and ROA of 0.84% are notably low, suggesting the company is generating minimal returns on its large asset base of $260B and equity base of $88.3B. This may reflect the impact of significant goodwill and intangible assets on the balance sheet.
Source: 10-Q Balance Sheet / Key Ratios
Total assets declined 2.9% YoY to $260.0B from $267.8B, which could reflect asset divestitures, depreciation outpacing capital investment, or write-downs. A shrinking asset base may constrain future revenue-generating capacity.
Source: 10-Q Balance Sheet
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 31.46 $B | 29.89 $B | +5.25% |
Operating Income $B | 4.14 $B | 5.66 $B | -26.92% |
Net Income $B | 2.17 $B | 3.38 $B | -35.59% |
EPS (Basic) $ | 0.60 $ | 0.90 $ | -33.33% |
EPS (Diluted) $ | 0.60 $ | 0.89 $ | -32.58% |
Answers draw on this SEC filing and the data on this page
Comcast's Q2 FY2026 saw net income plummet on a tough year-ago comparison, masking solid media and studio gains despite margin pressure and a weakening liquidity position.
Comcast (CMCSA) delivered flat revenue of $123.7B in FY2025 while net income surged 23.5% to $20.0B and operating cash flow jumped 21.6% to $33.6B, though operating income declined 11.3% due to higher depreciation and amortization charges.
Other companies in Cable & Satellite