Disney Earnings November 17, 2026: DIS on 91 Report Days

Disney reports its fourth quarter and full fiscal 2026 results before the market opens on Tuesday, November 17, 2026, with the webcast at 8:30 AM Eastern, 5:30 AM Pacific, on its investor site; the company said in its October 12 notice that it "will release results before the opening of regular trading." Its fiscal year ended October 3, so this report closes the year, carries a 53rd week, and is the first year-end report under Josh D'Amaro, who became chief executive on March 18. Because the numbers land before the open, Tuesday itself is the reaction session.

Across all 91 Disney earnings reports since November 2003, the stock closed higher on the reaction day 39 times and lower 51 times. The typical move was 2.6% in either direction, about three times its median move on an ordinary day, and 23 of the 91 moved it 5% or more. Two things stand out. The opening gap has held to the close: of the 40 report days that opened 3% or more away from the prior close, only 3 finished on the other side of it. And the report day has grown: the median swing since 2023 is 6.9%, with 9 of the last 15 reports moving the stock 5% or more.

• The report: Tuesday, November 17, before the open; webcast at 8:30 AM Eastern.
• The company's own guidance: fourth-quarter total segment operating income of about $4.9 billion including the 53rd week, fiscal 2026 adjusted EPS growth of about 12% excluding the extra week and about 16% including it, and at least $9 billion of buybacks, from its August 5 release.
• Analyst consensus: about $1.69 of adjusted EPS, against $1.11 a year earlier, on $25.19 billion of revenue, up about 12%, per TipRanks on November 12, which also put the options-implied move at 6.3%; Hudson Labs had $25.19 billion on October 19.
• The stock going in: $119.65 at Wednesday's close, its highest close since July 29, 2025, up 6.0% for 2026 and 29.5% above its March 27 low, but still 40.7% below its March 2021 record of $201.91.

What Disney guided, and what analysts expect

Disney does not guide revenue or EPS for a single quarter; it guides segment operating income and full-year adjusted EPS growth. The table puts the August 5 guidance from the press release filed with the SEC next to consensus and next to the fourth quarter of fiscal 2025, reported November 13, 2025, when revenue was $22.5 billion, total segment operating income was $3.5 billion and adjusted EPS was $1.11.

The year-over-year comparison is flattered twice: by the 53rd week, which Hudson Labs values at roughly $600 million of segment profit, and by a weak fourth quarter of fiscal 2025, when adjusted EPS fell 3% and total segment operating income fell 5%. The consensus $1.69 is a 52% increase on that base. The second number to listen for is fiscal 2027, where the company has repeated "double-digit growth in adjusted EPS" excluding the extra week since February; a first specific range would be new.

What moved the stock in the last three reports

August 5, 2026: revenue up 7% to $25.2 billion, total segment operating income up 21% to $5.6 billion, adjusted EPS of $2.06 against $1.61, and the company said segment profit "modestly exceeded our prior guidance." Experiences operating income grew 20%, with a tariff refund worth about four points of that, global guests grew 4% and domestic park attendance 3%; streaming's operating margin reached 13%; Sports operating income fell 17% on NBA playoff sweeps and a carriage dispute, worse than the 14% decline the company had guided; and the live-action Moana, in this fourth quarter, "underperformed our box office expectations." The stock opened 3.9% higher and closed up 3.6%, then added 6.1% over the next 20 sessions.

May 6, 2026, the first report under the new chief executive: revenue up 7% to $25.2 billion, segment profit up 4%, adjusted EPS of $1.57 against $1.45, and the first double-digit streaming margin, per the release. The stock gapped up 6.0% and closed up 7.5%, its sixth-best report day since 2003, then gave back 8.1% over the following 20 sessions. February 2, 2026 went the other way: revenue up 5% to $26.0 billion but segment profit down 9% and Entertainment operating income down 35%, per the release; the stock opened 7.8% lower and closed down 7.4%, with the press pointing to the company's warning about fewer international visitors at its domestic parks (The Motley Fool).

A new chief executive and a 53-week year

Josh D'Amaro, who ran Disney's parks, cruise and consumer products business, succeeded Bob Iger as chief executive on March 18, 2026, with Iger staying on as senior advisor and board member until his retirement on December 31, per TheWrap's report of the announcement. This is D'Amaro's third report and his first with a full-year outlook to set. The fiscal year that ended October 3 had 53 weeks, which lifts every fourth-quarter figure against last year's 13-week quarter; the company has said its fiscal 2027 outlook excludes that week, and that "in Q4 fiscal 2027 we will lap the impact of the 53rd week."

How we measured the 91 report days

We pulled every Form 8-K with results of operations that Disney filed with SEC EDGAR under its current registrant and under the pre-2019 TWDC Enterprises entity: the Item 2.02 filings since 2004 and the Item 12 filings that carried earnings before that, 100 in all. Eight are left out: seven that were not quarterly reports (recast financial information, a pre-announcement and the like, filed on October 9, 2003, October 7, 2004, November 3, 2005, January 3 and February 17, 2006, July 23, 2007 and February 18, 2010), and the first-quarter report of February 11, 2004, which Disney released on the day Comcast announced its takeover bid; the stock rose 14.6% that day for reasons that had nothing to do with the quarter. That leaves 91 reports. The reaction session is set by the filing clock in New York time: a filing after 4:00 PM means the next session, a filing before the open means that session. Disney reported after the close through February 2024 and has reported before the open on all 10 reports since May 2024, so the recent reaction days are the report days themselves. Moves come from Yahoo Finance daily bars adjusted for dividends: the close-to-close change, the opening gap, the open-to-close move, and the same-day moves of Netflix, Comcast and the S&P 500. This is descriptive history, not a forecast.

All 91 reports at a glance

The record leans down: 51 of 91 closed lower, a median move of -0.5%, although the mean is close to zero because the up days have been larger. The size is what has changed. The median swing was about 2% in the 2010s and 4.7% since 2020, with the median opening gap going from 2.1% to 5.2%; 12 of the 27 reports this decade moved the stock 5% or more, against 8 of 40 in the decade before. Since the start of 2023 the median swing is 6.9% and 9 of 15 reports moved it 5% or more, which is why the options market prices a 6.3% move for Tuesday.

The gap holds: a Disney report day goes one way

Disney is the opposite of Applied Materials, whose opening gap reversed one report in three. Across the 91 Disney reports the median gap was 2.4% in either direction, and when the gap was 3% or more the close stayed on the same side of the prior close in 37 of 40 cases: the 20 gaps down of 3% or more closed higher once (November 7, 2008, a +8.4% open-to-close climb on a day the S&P 500 rose 2.9%), and the 20 gaps up of 3% or more closed lower twice. The open-to-close move has been slightly negative whichever way the gap went, a median of -0.2% after a down gap and -0.3% after an up gap, so the first print has carried most of the day. Since the switch to pre-open reports in 2024 the pattern is unchanged: ten reports, nine closes on the same side as the gap, the exception February 2025, when a 2.1% gap up faded to a 2.4% loss.

The last twelve reports

Six of the last twelve closed lower and eight moved 5% or more, three of them by 7% or more in the last four reports alone: -7.7% last November on the weak fourth quarter, -7.4% in February and +7.5% in May, before August's +3.6%. The year-end report has produced the largest November move in the record, -13.2% in 2022, and every one of the last five Novembers has moved the stock 5% or more.

November has been the best report month, and the most volatile one lately

November and February are the only report months with more ups than downs, and November's 13 to 10 with a median move of +1.7% is the best of the four. It is also where the big moves have clustered lately: 7 of the 23 November reports moved the stock 5% or more, and five of those seven were the last five Novembers in a row, -7.1% in 2021, -13.2% in 2022, +6.9% in 2023, +6.2% in 2024 and -7.7% in 2025. May has been the weakest month, 7 up and 16 down with a median of -0.9% and the smallest swings, and the third-quarter reports of July and August have closed lower 15 times in 23.

Every November report since 2003

The worst November, -13.2% on November 9, 2022, followed a fourth quarter in which streaming lost about $1.5 billion and the stock gapped down 9.4%; eleven days later the board replaced Bob Chapek with Bob Iger, and the stock was +8.3% five sessions after the report. Last November's -7.7% came on the flat-revenue, lower-profit fourth quarter described above, on a day the S&P 500 fell 1.7%. The two in between, +6.9% in 2023 and +6.2% in 2024, were the market's reaction to a bigger cost-cutting target in 2023 and to the company's first multi-year earnings outlook in 2024.

The setup going in: a 52-week high

Disney closed Wednesday, November 11 at $119.65, per Yahoo Finance, its highest close since July 29, 2025 and a 52-week closing high. It is up 9.8% over the last 20 sessions, +6.0% for 2026, and +29.5% above its March 27 low of $92.42. It remains 40.7% below the record close of $201.91 set on March 8, 2021. Unlike the chip stocks reporting this week, it has been calm: 3 sessions of 5% or more in 2026, two of them report days, against a median daily move of 0.8%.

We split the 91 reports by how the stock did in the 20 sessions before each one. Through Wednesday the figure is +9.8%, which puts this report in the first row.

The 26 reports that followed a run of 5% or more split evenly, 13 up and 13 down, with a median move of +0.2% and the smallest median swing of the three groups, but all four of the moves of 10% or more in the record came from this group: +11.7% in May 2009, +11.5% in February 2024, +10.8% in May 2025 and -13.2% in November 2022. The 9 reports that followed a slide of 5% or more closed lower 6 times with a median of -2.9%. The correlation between the run-up and the reaction-day move is +0.21, weak and positive, so treat the groups as description.

Netflix and Comcast do not move with it

A Disney report has been a Disney day, not a media day. On the 91 reaction days Netflix moved in the same direction 41 times, fewer than a coin flip, with a correlation of -0.03; Comcast matched 49 times with a correlation of +0.16. On the 23 days Disney moved 5% or more, Netflix went the same way 10 times and Comcast 12, with median moves of 1.5% and 1.2%, no larger than their ordinary days. The S&P 500 matched the direction on 46 of 91 with a correlation of +0.31, which mostly reflects the market days that happened to coincide, like the 2.9% rally of November 7, 2008 and the 4.4% drop of August 10, 2011.

What came after the report day

From the reaction-day close, the stock was higher five sessions later 49 times out of 91 and 20 sessions later 50 times, with a median 20-session change of +1.8%: a mild upward drift, about what any 20-session stretch of the stock gives. After the 11 report-day drops of 5% or more the next 20 sessions were up only 4 times, with a median of -1.1%; after the 12 gains of 5% or more they were up 7 times with a median of +3.4%. The exceptions cut both ways: the -13.2% of November 2022 was followed by a chief executive change and an 8.3% gain within five sessions, and May's +7.5% was followed by an 8.1% slide.

The biggest Disney report days since 2003

• -13.2% on Nov 9, 2022
• -9.5% on May 7, 2024
• -9.2% on Aug 5, 2015
• -9.1% on Aug 10, 2011
• -8.7% on May 11, 2023
• -7.9% on Feb 4, 2009
• +11.7% on May 6, 2009
• +11.5% on Feb 8, 2024
• +10.8% on May 7, 2025
• +8.8% on Aug 5, 2020
• +7.6% on Feb 4, 2015
• +7.5% on May 6, 2026

Seven of the twelve have come since 2020, and four of them in the last three years. The record is also lopsided at the extremes: the best day, +11.7% in May 2009, came out of the financial-crisis low, and the worst, -13.2% in November 2022, was the last report of the Chapek era.

How we handle a report like this, and what we leave alone

We do not forecast earnings, and the software does not trade the print itself. Three settings do the work. Earnings awareness is an opt-in rule, off by default, that keeps the auto-trader from opening a position in a stock whose report falls inside a window you pick, 3, 7 or 14 days ahead. The daily spend limit caps how much new money goes to work on any one morning. A fixed or trailing stop on every position decides the exit before the number, not during it. The settings glossary explains each one, and you can set those rules up in a few minutes.

One limit applies to every stop order: once its price is touched it becomes a market order, so when a stock gaps past it at the open, the fill comes near the open, not at the stop. Investor.gov explains how stop orders execute. Disney's record makes that the whole story of a stop held into this report: its gaps of 3% or more held to the close on 37 of 40 report days, so a stop set 3% under Monday's close would almost always have been filled near a down open and almost never rescued by a reversal, and a position that gapped up would have kept most of the gap. The size of a position held into the report matters more than where its stop sits. Our test of trailing stops from 1% to 8%, our count of how often the market drops 1%, 2% or 3% in a day and our study of which bounces off a low hold cover the rest of that math. If you want to see how the rules behave on a sample account before connecting a broker, start with the demo.

The rest of the calendar

Disney shares Tuesday with Home Depot before the open, whose report is in the retail earnings week page alongside Walmart, Target, Lowe's and TJX, and with Nvidia after the close, whose record is in what NVDA did the day after every report since 2010. Last week's chip reports are in the Applied Materials and Cisco pages, every date for the month is on the November 2026 stock market calendar, and how the S&P 500 does during earnings season covers the market-wide pattern. Thursday belongs to Walmart, whose 93 report days since 2003 are in our Walmart earnings page. Home Depot's 93 report days since 2003 are in our Home Depot earnings page. Wednesday's report from Target has its own page with all 93 report days since 2003.

Quick answers

When does Disney report earnings?

Before the market opens on Tuesday, November 17, 2026, for its fourth quarter and full fiscal 2026, with the webcast at 8:30 AM Eastern, 5:30 AM Pacific, on disney.com/investors. Because the report lands before the open, Tuesday's session is the reaction day.

What is Disney expected to earn this quarter?

Consensus is about $1.69 of adjusted EPS on $25.19 billion of revenue, per TipRanks on November 12, against $1.11 and $22.5 billion a year earlier. The company itself guided fourth-quarter total segment operating income of about $4.9 billion including the 53rd week, and fiscal 2026 adjusted EPS growth of about 12% excluding the extra week.

How much does Disney stock usually move after earnings?

The median move on the reaction day has been 2.6% in either direction across 91 reports since 2003, and 6.9% across the 15 reports since 2023. Twenty-three of the 91 moved it 5% or more and four moved it 10% or more. Options priced a 6.3% move for this report as of November 12.

Did Disney stock go up or down after its last earnings report?

Up. On August 5, 2026 it opened 3.9% higher and closed up 3.6% after revenue, segment profit and adjusted EPS all rose and segment profit beat the company's own guidance.

What did Disney do after last November's earnings?

It fell 7.7% on November 13, 2025, opening 6.7% lower after a fourth quarter with flat revenue, a 5% drop in segment profit and adjusted EPS of $1.11, down 3%. Across all 23 November reports since 2003 it closed higher 13 times, with a median move of +1.7%.

Does the Disney opening gap usually hold?

Yes. When Disney opened 3% or more away from the prior close on a report day, the close stayed on that side 37 times out of 40. The open-to-close move has been slightly negative on average whichever way the gap went.

Historical figures are for information only. They describe what happened, not what will happen, and nothing here is investment advice.