Will Disney be 'the happiest place on Wall Street' on 5/6 with revenue & earnings beating estimates?

Walt Disney reported fiscal second-quarter 2026 results on May 7, beating analyst estimates on both revenue and earnings. Revenue came in at $25.17 billion, up 7% year-over-year and above the $24.85 billion consensus, while adjusted EPS of $1.57 topped the expected $1.50. Two segments drove the outperformance: streaming, where Disney+ and Hulu revenue rose 13% to $5.49 billion and operating income surged 88% to $582 million, crossing double-digit profit margins for the first time; and Experiences (theme parks and cruises), which posted record quarterly revenue of $9.5 billion with operating income up 5%. The results were the first quarterly report under new CEO Josh D'Amaro, who succeeded Bob Iger earlier in 2026. Disney stock climbed roughly 7% on the day, prompting three Wall Street firms to raise price targets. The company lifted its full-year share repurchase target to $8 billion and guided for at least 12% adjusted earnings growth in fiscal 2026. The Predict Six community split nearly evenly at 51% expecting the beat, and the slim majority was correct.