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Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for Roku, Inc. (ROKU) is 9/10.
Roku opened 2026 with an outstanding first quarter, growing platform revenue 28% ahead of outlook as advertising rose 27% and subscription revenue rose 30%, helped by the Olympics and Super Bowl. Adjusted EBITDA margins more than doubled year-over-year to nearly 12% and free cash flow of $148 million was the second-highest on record, prompting management to raise full-year platform revenue guidance by over $100 million to nearly 21% growth and lift adjusted EBITDA to $675 million. Roku passed 100 million streaming households, added Apple TV and Peacock to premium subscriptions, and posted a record advertising gross margin above 60%. The clear soft spot was devices, where revenue fell 16% at a negative 14% margin on lower streaming-player ASPs and higher memory costs, but the platform business drove a decisive profitability step-up.
Scored from Roku, Inc.’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
All prior quarters are free.
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $1.20B | +22.0% | $-0.24 | +56.4% | 42.7% | -3.3% | -3.0% | $77M |
| FY2025 Q1 | $1.02B | +15.8% | $-0.19 | +45.7% | 43.6% | -5.7% | -2.7% | $137M |
| FY2025 Q2 | $1.11B | +14.8% | $0.07 | +129.2% | 44.8% | -2.1% | 0.9% | $109M |
| FY2025 Q3 | $1.21B | +14.0% | $0.16 | +356.8% | 43.4% | 0.8% | 2.0% | $126M |
| FY2025 Q4 | $1.39B | +16.1% | $0.53 | +320.8% | 43.5% | 4.7% | 5.8% | $222M |
| FY2026 Q1 | $1.25B | +22.4% | $0.57 | +400.0% | 45.2% | 4.1% | 6.9% | $196M |
| FY2026 Q2 | $1.35B | +21.9% | $1.08 | +1442.9% | 49.7% | 10.8% | 12.1% | $281M |
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