Peloton (PTON-US) Earnings Miss, Revenue and Subscriptions Down, Stock Plunges Over 23%

Peloton Inc. (PTON-US) reported second-quarter 2026 revenue of $657 million, below consensus of $674 million, and EPS of -$0.09, wider than expected -$0.06. The decline followed weak sales of its new AI-equipped hardware and a price increase that lengthened the sales conversion period. Revenue and subscriptions both missed, and management revised third-quarter guidance to $6.05–$6.25 billion, below consensus of $6.38 billion. The stock fell 23.86% in Thursday trading, to $4.50 per share, its steepest one-day drop in over two years. Key details: Q2 hardware revenue $244 million; subscriptions $413 million. Net loss narrowed to $38.8 million vs. $92 million in the same period. Adjusted EBITDA rose to $81.4 million, up 39% year-over-year, and the year’s adjusted EBITDA guidance was上调to $4.5–$5 billion. The company announced about 11%裁员and the CFO will leave in March. > Note: The date in the title reflects the publication time (February 5, 2026), converted to absolute date format.