DailyIQ

SNAP Earnings

Company • Q2 2026 earnings report

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Report date
-
Timing
-
Period
2026Q2
EPS EstimateEPS ActualRevenue EstimateRevenue Actual
- Not available yet - Not available yet
Actuals update automatically shortly after the company reports.
SNAP|EarningsSNAP

SNAP Financials

Full financials →
60/ 100
Moderately positive
Verdict: Neutral
Revenue growing year over year
Operating Margin
-9%
Net Margin
-7.8%
FCF Margin
7.4%
R&D / Revenue
30.2%
Revenue CAGR
58.7%
Current Ratio
3.56x
Debt / Equity
1.55x
Return on Equity
-20.2%
Return on Assets
-6%

Financial Statements

Line Item
Q4 '25
Q3 '25
Q2 '25
Q1 '25
Q4 '24
Q3 '24
Q2 '24
Q1 '24
Q4 '23
Q3 '23
Q2 '23
Q1 '23
Income Statement
Revenue
$1.72B 10.2%
$1.51B 9.8%
$1.34B 8.7%
$1.36B 14.1%
$1.56B 14.4%
$1.37B 15.5%
$1.24B 15.8%
$1.19B 20.9%
$1.36B
$1.19B
$1.07B
$988.61M
Cost of Revenue
$702.44M 4.6%
$674.22M 5.5%
$653.33M 10.9%
$639.58M 11.3%
$671.66M
$638.91M 15.0%
$588.92M 18.5%
$574.75M 30.6%
$555.75M
$496.87M
$439.99M
Operating Income
$49.72M 285.0%
-$128.36M 25.9%
-$259.68M 2.2%
-$193.85M 41.8%
-$26.88M 89.2%
-$173.21M 54.4%
-$253.97M 37.2%
-$333.23M 8.8%
-$248.71M
-$380.06M
-$404.34M
-$365.26M
R&D Expense
$472.69M 11.8%
$453.42M 9.8%
$443.32M 9.1%
$424.17M 5.7%
$422.94M 12.5%
$412.79M 16.5%
$406.20M 15.0%
$449.76M 1.2%
$483.53M
$494.56M
$477.66M
$455.11M
SG&A Expense
$242.33M 0.4%
$251.35M 13.7%
$250.09M 9.1%
$235.36M 3.5%
$241.35M 5.3%
$220.98M 0.0%
$229.31M 5.7%
$227.46M 19.5%
$229.16M
$221.05M
$216.87M
$190.34M
Interest Expense
$36.50M 527.9%
$34.49M 486.3%
$27.61M 439.9%
$23.40M 393.3%
$5.81M
$5.88M 6.6%
$5.11M 4.3%
$4.74M 19.4%
$5.52M
$5.34M
$5.88M
Pretax Income
$37.96M 166.1%
-$103.03M 28.9%
-$254.91M 4.7%
-$131.16M 56.0%
$14.27M 105.8%
-$144.91M 60.0%
-$243.42M 33.3%
-$298.16M 7.4%
-$244.97M
-$362.41M
-$365.21M
-$321.83M
Income Tax Expense
-$7.25M 240.4%
$510,000 93.9%
$7.66M 47.3%
$8.43M 21.6%
$5.16M 57.7%
$8.33M 42.5%
$5.20M 57.0%
$6.93M 1.3%
$3.27M
$5.85M
$12.09M
$6.84M
Net Income
$45.21M 396.7%
-$103.54M 32.4%
-$262.57M 5.6%
-$139.59M 54.2%
$9.10M
-$153.25M 58.4%
-$248.62M 34.1%
-$305.09M 7.2%
-$368.26M
-$377.31M
-$328.67M
Comprehensive Income
$45.94M 369.5%
-$102.37M 19.5%
-$250.39M 1.5%
-$129.66M 58.4%
-$17.04M 92.4%
-$127.18M 65.6%
-$246.60M 37.1%
-$311.47M 1.5%
-$223.33M
-$369.88M
-$391.81M
-$316.36M
EPS (Basic)
$0.03 200.0%
$-0.06 33.3%
$-0.16 6.7%
$-0.08 57.9%
$0.01 107.1%
$-0.09 60.9%
$-0.15 37.5%
$-0.19 9.5%
$-0.14
$-0.23
$-0.24
$-0.21
EPS (Diluted)
$0.03 200.0%
$-0.06 33.3%
$-0.16 6.7%
$-0.08 57.9%
$0.01 107.1%
$-0.09 60.9%
$-0.15 37.5%
$-0.19 9.5%
$-0.14
$-0.23
$-0.24
$-0.21
Weighted Avg Shares (Basic)
-3.37B 2.3%
1.70B 2.0%
1.67B 1.8%
1.70B 3.0%
-3.30B 3.1%
1.66B 2.3%
1.64B 2.6%
1.65B 4.2%
-3.20B
1.63B
1.60B
1.58B
Weighted Avg Shares (Diluted)
-3.37B 2.3%
1.70B 2.0%
1.67B 1.8%
1.70B 3.0%
-3.30B 3.1%
1.66B 2.3%
1.64B 2.6%
1.65B 4.2%
-3.20B
1.63B
1.60B
1.58B
Cash Flow
Operating Cash Flow
$269.58M 16.9%
$146.49M 26.4%
$88.49M 514.0%
$151.61M 71.6%
$230.63M 40.1%
$115.87M 806.6%
-$21.38M 73.9%
$88.35M 41.5%
$164.57M
$12.78M
-$81.94M
$151.10M
Capital Expenditures
$64.02M 32.6%
$53.04M 20.4%
$64.70M 24.3%
$37.21M 26.2%
$48.27M 10.1%
$44.04M 40.0%
$52.06M 40.9%
$50.45M 5.9%
$53.72M
$73.44M
$36.94M
$47.63M
Free Cash Flow
$205.56M 12.7%
$93.44M 30.1%
$23.79M 132.4%
$114.40M 201.8%
$182.36M 64.5%
$71.83M 218.4%
-$73.44M 38.2%
$37.90M 63.4%
$110.86M
-$60.65M
-$118.88M
$103.47M
Investing Cash Flow
$62.84M 142.2%
-$107.91M 51.6%
$215.44M 200.5%
$2.75M 102.1%
-$148.79M 123.9%
-$222.81M 604.9%
-$214.30M 711.8%
-$131.18M 2347.1%
$623.12M
-$31.61M
-$26.40M
$5.84M
Financing Cash Flow
-$256.52M
-$12.01M 216.6%
-$291.07M 222.9%
-$288.52M 57.3%
$0 100.0%
$10.30M 198.7%
$236.82M 198.0%
-$675.75M 33704.5%
-$204.65M
-$10.44M
-$241.71M
-$2.00M
Balance Sheet
Total Assets
$7.68B 3.3%
$7.58B 0.2%
$7.40B 0.3%
$7.59B 5.9%
$7.94B 0.4%
$7.59B 1.7%
$7.42B 3.2%
$7.17B 9.1%
$7.97B
$7.72B
$7.67B
$7.89B
Current Assets
$4.58B 6.6%
$4.48B 2.4%
$4.28B 3.1%
$4.58B 9.3%
$4.91B 1.4%
$4.59B 5.9%
$4.42B 8.6%
$4.19B 18.6%
$4.98B
$4.87B
$4.84B
$5.14B
Cash & Equivalents
$1.03B 1.5%
$953.32M 1.2%
$925.97M 12.7%
$911.23M 14.1%
$1.05B 41.2%
$964.97M 19.5%
$1.06B 13.7%
$1.06B 32.8%
$1.78B
$1.20B
$1.23B
$1.58B
Accounts Receivable
$1.37B 1.8%
$1.25B 4.4%
$1.16B 2.0%
$1.16B 4.4%
$1.35B 5.5%
$1.20B 7.1%
$1.14B 14.6%
$1.11B 24.2%
$1.28B
$1.12B
$996.08M
$892.51M
Goodwill
$1.72B 1.8%
$1.72B 1.6%
$1.72B 1.7%
$1.69B 0.0%
$1.69B 0.1%
$1.69B 0.1%
$1.69B 0.0%
$1.69B 2.6%
$1.69B
$1.69B
$1.69B
$1.65B
Intangible Assets
$66.61M 22.9%
$77.26M 21.9%
$88.79M 21.3%
$74.82M 41.4%
$86.36M 41.0%
$98.92M 46.2%
$112.81M 44.3%
$127.66M 31.6%
$146.30M
$183.87M
$202.67M
$186.72M
Total Liabilities
$5.40B 1.6%
$5.35B 0.6%
$5.33B 0.4%
$5.28B 4.8%
$5.49B 1.2%
$5.38B 2.9%
$5.35B 3.7%
$5.04B 5.2%
$5.55B
$5.23B
$5.16B
$5.31B
Current Liabilities
$1.29B 3.5%
$1.22B 7.4%
$1.10B 0.8%
$1.06B 4.3%
$1.24B 9.6%
$1.14B 12.6%
$1.11B 18.6%
$1.11B 1.9%
$1.13B
$1.01B
$937.66M
$1.09B
Accounts Payable
$219.79M 26.9%
$153.68M 2.4%
$116.85M 34.9%
$209.44M 14.9%
$173.20M 37.9%
$157.47M 22.5%
$179.59M 9.8%
$246.22M 73.6%
$278.96M
$128.55M
$163.60M
$141.80M
Deferred Revenue
$145.21M 28.8%
$152.80M 24.6%
$140.20M 29.2%
$132.00M 34.1%
$112.77M 20.3%
$122.60M 63.0%
$108.50M
$98.40M
$93.71M
$75.20M
Long-Term Debt
$3.49B 3.3%
$3.49B 4.1%
$3.58B 1.7%
$3.58B 8.3%
$3.61B 3.8%
$3.64B 2.8%
$3.64B 2.9%
$3.30B 11.8%
$3.75B
$3.75B
$3.75B
$3.74B
Short-Term Debt
$46.97M 29.7%
$46.95M
$0
$36.23M
$36.21M
Total Equity
$2.28B 6.9%
$2.23B 0.8%
$2.07B 0.1%
$2.31B 8.4%
$2.45B 1.5%
$2.21B 11.3%
$2.07B 17.5%
$2.13B 17.3%
$2.41B
$2.49B
$2.50B
$2.58B
Retained Earnings
-$13.95B 9.5%
-$13.74B 7.8%
-$13.64B 8.3%
-$13.13B 7.1%
-$12.74B 8.6%
-$12.74B 12.9%
-$12.59B 15.3%
-$12.27B 16.3%
-$11.73B
-$11.29B
-$10.92B
-$10.54B
Treasury Stock
$435.72M 5.4%
$440.48M
$444.57M
$448.51M
$460.62M 4.0%
$479.90M
Shares Outstanding
1.76B 1.1%
1.76B 2.1%
1.73B 1.5%
1.73B 2.4%
1.74B 2.5%
1.72B 1.8%
1.70B 2.1%
1.69B 2.8%
1.69B
1.69B
1.67B
1.65B

Recent News Coverage

Most recent articles, ranked by recency (click to expand).

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What Typically Drives Post-Earnings Stock Moves

EarningsReleasedTime →Stock PriceBeatMissPre-earnings drift

Stock prices after earnings announcements are driven by expectations vs. reality. If the market expected a company to report $3.00 EPS and it reports $3.10, the stock may rally - but if expectations were $3.20, the same $3.10 result could trigger a selloff. This is why understanding consensus estimates (the average of all analyst predictions) is crucial. Stocks don't move on absolute performance; they move on performance relative to what was already priced in.

Beyond the headline numbers, investors focus heavily on forward guidance. Guidance is management's prediction for the next quarter or full year. A company that beats current earnings but lowers future guidance will often see its stock fall, because the market values future cash flows more than past results. Conversely, a miss with raised guidance can rally the stock. This is why experienced investors listen to earnings calls and read guidance statements - not just the press release headlines.

Profit margins are another critical driver. If a company grows revenue but margins shrink, it suggests pricing pressure or rising costs. Investors prefer expanding margins, which indicate pricing power and operational efficiency. For example, a company reporting 20% revenue growth with flat margins is less impressive than 10% growth with expanding margins. The latter signals a sustainable, high-quality business model.

Finally, market positioning and sector trends matter. During a bull market, stocks often rise on mediocre earnings because investor sentiment is positive. During bear markets, even strong earnings may not prevent selloffs. Additionally, if peers in the same industry are reporting weak results, a company's strong report might be viewed as an outlier rather than a trend. Always consider the broader market context and sector health when interpreting earnings reactions.

How to Interpret This Earnings Report

Earnings reports are the financial scorecards that companies release every quarter. They contain two critical metrics: Earnings Per Share (EPS) and Revenue. EPS represents the company's profit divided by the number of outstanding shares - essentially, how much money the company made for each share of stock. Revenue is the total money the company brought in before expenses. Both metrics are compared against analyst estimates to determine if the company "beat" or "missed" expectations.

When you see "EPS Estimate" vs. "EPS Actual," you're comparing what Wall Street analysts predicted versus what the company actually delivered. A company that reports EPS of $2.50 when estimates were $2.30 has beaten earnings by $0.20 per share. This often triggers a positive stock reaction, but not always. The market cares equally about revenue growth, future guidance, and profit margins. A company can beat EPS estimates while missing revenue targets, which suggests they cut costs rather than grew sales - a less sustainable path.

Understanding year-over-year (YoY) vs. quarter-over-quarter (QoQ) comparisons is critical. YoY compares this quarter to the same quarter last year, accounting for seasonal business patterns. QoQ compares consecutive quarters and reveals short-term momentum. For example, a retailer's Q4 (holiday season) will always be stronger than Q1 - so comparing Q4 to Q1 is misleading. Always focus on YoY growth for long-term trends and QoQ for recent acceleration or deceleration.

Finally, remember that initial market reactions can be misleading. Stocks sometimes fall on earnings beats because investors were expecting an even larger beat, or because forward guidance disappointed. Conversely, stocks can rise on earnings misses if the company provided optimistic future projections or if the miss was smaller than feared. The key is to focus on fundamentals: Is revenue growing? Are profit margins expanding? Is the company gaining or losing market share? These factors matter far more than a single quarter's results.