Fox Corporation’s Second Quarter 2026 Financial Results: Key Expectations

Overview of Fox Corporation

Headquartered in New York, Fox Corporation (FOXA) is a major player in the media industry, delivering news, sports, and entertainment through its various divisions, including FOX News Media, FOX Sports, FOX Entertainment, FOX Television Stations, and the ad-supported streaming service Tubi.

With a market value close to $32.7 billion, Fox operates 29 full-power broadcast stations—11 of which are duopolies—and reaches viewers via cable, satellite, and digital platforms.

Latest Updates from Barchart

Upcoming Earnings and Analyst Expectations

Fox is scheduled to announce its fiscal 2026 second-quarter results on Tuesday, February 3, before the market opens. Analysts anticipate diluted earnings per share (EPS) of $0.46, representing a 52.1% drop from the $0.96 reported in the same quarter last year. However, Fox has exceeded EPS projections for the past four quarters, demonstrating its ability to outperform expectations.

Looking forward, Wall Street predicts a diluted EPS of $4.42 for fiscal 2026, reflecting a 7.5% decrease year-over-year. For fiscal 2027, analysts expect a turnaround, projecting a 15.2% increase to $5.09 per share.

Stock Performance Highlights

Over the last year, FOXA shares have soared by 53.4%, with a 4.2% gain since the start of the year—outpacing the broader market. In comparison, the S&P 500 Index ($SPX) rose 16.2% over the same period and is up just 1.5% year-to-date.

Within the communications sector, Fox’s performance is notable. The State Street Communication Services Select Sector SPDR ETF (XLC) advanced 18.6% over the past year but has slipped slightly so far this year.

Recent Momentum and Financial Results

On Thursday, October 30, 2025, FOXA experienced a significant boost, climbing 7.7% during the day after releasing robust fiscal 2026 first-quarter results that surpassed market expectations. Revenue increased by 4.9% year-over-year to $3.74 billion, beating analyst forecasts of $3.57 billion. Adjusted EPS rose 4.1% from the previous year to $1.51, well above the $1.08 consensus estimate.

This strong showing was largely attributed to Tubi, which reported its first profitable quarter. Advertising revenue at Tubi surged by about 27%, and average viewing time grew by 18%. Additionally, NFL viewership on Fox improved by nearly 12% year-over-year, reinforcing the company’s leadership in live sports broadcasting.

Fox also revealed a $1.5 billion share repurchase program, reflecting management’s confidence in the company’s future and its commitment to rewarding shareholders.

Analyst Ratings and Price Targets

Reflecting its recent momentum, FOXA currently holds a “Moderate Buy” consensus rating from Wall Street, unchanged over the past three months. Out of 20 analysts, nine rate the stock as a “Strong Buy,” one as a “Moderate Buy,” and ten recommend holding.

FOXA is trading above its average price target of $72.35. The highest analyst target stands at $97, indicating a potential upside of 27.4% from current levels and highlighting continued optimism about Fox’s strategic direction and growth prospects across its platforms.