Disney’s shares decline despite strong theme park growth and streaming progress, with earnings set to clarify fiscal 2026 outlook.
The Walt Disney Company (DIS) has fallen over 14% in 2026 as investors await its August earnings report. New CEO Josh D’Amaro, a longtime executive, faces pressure to revive momentum after regulatory scrutiny and competition weighed on performance.
Disney’s experiences division grew 7% year-over-year in its latest quarter, while streaming nears profitability. The company forecasts 12% adjusted earnings-per-share growth for fiscal 2026, supported by the recent success of *Toy Story 5*. However, Raymond James cut its price target amid rising competition from Comcast’s Universal parks.
Wall Street remains optimistic about D’Amaro’s leadership, but the stock’s struggles persist. Earnings in August may determine whether Disney’s growth initiatives translate into shareholder gains.