Roku Q3 2026: EPS More Than Doubles Estimates as Ad Margins Surge
As seen on the 24/7 Wall St. homepage on November 2, 2026.
Advertising gross margin expanded roughly 470 basis points, powering EPS that came in at more than double consensus, beating expectations. With the Fox acquisition pending, there was no earnings call and no new guidance, so this filing is all investors get.
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Roku reported $1.20 in GAAP earnings per share for Q3 2026 against a consensus estimate of $0.53, its sixth consecutive quarter of topping EPS expectations.
Advertising margin drove the surprise, with gross margin on the advertising business expanding to 63.2% on a mix shift toward higher-margin ad products.
Revenue reached $1.50 billion, up about 24% year over year and exceeding expectations, with growth in both the Platform and Devices segments.
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There is no earnings call and no updated financial guidance. Fox Corporation's pending acquisition of Roku, announced in June, has effectively placed the company in a quiet period. Roku said only that it remains on track with the second-half 2026 forecast it provided in its proxy statement, making this SEC filing the sole source of information investors have to work with.
The results include a gain on lease termination and merger-related costs tied to the Fox deal, both affecting the GAAP figures. With the acquisition pending and no conference call scheduled, the next material update will come through a regulatory filing rather than a traditional earnings event.
Mentioned: ROKU