Companies /Consumer Cyclical

Peloton Interactive Inc - Class A

NASDAQ: PTON Leisure
$5.36
â–² $0.00 (+0.00%) today
Markets open · 12:37pm ET

Q4 2026 Earnings

Reported Aug 6, 2026, 6:59am ET · SEC source
$0.13
Beat +6.21%
EPS · est. $0.12 GAAP

Includes $23.8 million nonrecurring accrued legal contingency related to patent litigation in Q4; also includes $6.7 million restructuring expense and $(0.1) million impairment reversal

$607.7M
Beat +1.78%
Revenue · est. $597.1M
1 quarter
Consecutive EPS beats

Market Reaction

% change · around the report
−15%−10%−5%0Aug 6Aug 7report 6:59am ETearnings+0.1%−14.7%
−15%−10%−5%0Aug 6Aug 7earnings+0.1%−14.7%
PTON −14.7%S&P 500 +0.1%
−12%−6%0Aug 6Aug 7report 6:59am ETearnings+0.9%−14.7%
−12%−6%0Aug 6Aug 7earnings+0.9%−14.7%
PTON −14.7%NASDAQ +0.9%
−18%−12%−6%0Aug 5Aug 13report 6:59am ETearnings+0.9%−15.1%
−18%−12%−6%0Aug 5Aug 13earnings+0.9%−15.1%
PTON −15.1%S&P 500 +0.9%
−18%−12%−6%0Aug 5Aug 13report 6:59am ETearnings+2.6%−15.1%
−18%−12%−6%0Aug 5Aug 13earnings+2.6%−15.1%
PTON −15.1%NASDAQ +2.6%
−15.57%
Day of report
+3.18%
Next session
+1.00%
One week

Did PTON Beat Earnings? Q4 2026 Results

Peloton Interactive delivered a cleaner-than-expected finish to fiscal 2026, posting fourth-quarter GAAP earnings of $0.13 per share, beating the $0.12 consensus by 6.21%, while revenue of $607.70 million edged ahead of the $597.06 million estimate by 1.78% and held essentially flat year-over-year at plus 0.1%. The results landed despite a $23.80 million nonrecurring accrued legal contingency tied to patent litigation, a $6.70 million restructuring charge, and a $0.10 million impairment reversal, all of which are embedded in the reported GAAP figure. The clearest engine behind the quarter's profit improvement was cost discipline, with total operating expenses falling 12% year-over-year to $263.20 million and total gross margin expanding 260 basis points to 56.7%, even as paid connected fitness subscriptions slipped 8.8% to 2.55 million. Looking ahead, Peloton guided full-year FY27 revenue of $2.30 to $2.40 billion with Adjusted EBITDA of $475 to $525 million, signaling that margin expansion, rather than subscriber recovery, remains the company's primary financial lever.

Key Takeaways
  • Cost structure improvements exceeded $100 million run-rate savings target
  • Total gross margin expanded 260 basis points YoY to 56.7% in Q4
  • Subscription revenue grew 7% YoY driven by pricing and mix
  • Equipment sales outperformance across both Peloton and Precor brands drove FY26 revenue $6 million above guidance range
  • Operating expenses decreased 12% YoY in Q4

“Fiscal 2026 was a defining milestone as Peloton delivered its first full year of net profitability driven by our improved revenue trajectory and substantial improvements in our cost structure”

Peloton CEO, on the earnings call

Forward Guidance & Outlook

For Q1 FY27, Peloton expects total revenue of $545–$565 million (up 0.8% YoY at midpoint), total gross margin of approximately 57.0% (up 550 bps YoY), Adjusted EBITDA of $135–$145 million (up 18.4% YoY at midpoint), and ending paid connected fitness subscriptions of 2.455–2.475 million (down 9.8% YoY at midpoint). For full year FY27, the company guides total revenue of $2.3–$2.4 billion (down 3.9% YoY at midpoint), total gross margin of approximately 54.0% (up 140 bps YoY), Adjusted EBITDA of $475–$525 million (up 6.8% YoY at midpoint), and free cash flow of at least $350 million.

PTON YoY Financials

Q4 2026 vs Q4 2025 · SEC filings Q4 2025 Q4 2026
$0$200.0M$400.0M$600.0M$606.9M$607.7MRevenue$328.1M$344.3MGross Profit$29.6M$81.1MOperating Income$21.6M$61.6MNet Income
$0$200.0M$400.0M$600.0MRevenueGross ProfitOperating IncomeNet Income

PTON Revenue by Segment

Subscription$436.6M+7.0%
Connected Fitness Products$171.1M−14.0%

Figures from SEC filings and company reports. Not investment advice.