The New York Times reports on Wednesday 4 November, before the market opens. Revenue over the twelve months to Q2 2026 was $3.0 billion, up 10.8% on the year before, and the growth rate accelerated by 0.4 percentage points from the quarter before. The report will test whether that acceleration holds.
Source: reported quarterly EPS and aggregated third-party estimates. Historical surprises are context, not a forecast.
View chart data
| Period | Reported EPS | Analysts' estimate |
|---|---|---|
| Sep '25 | $0.59 | $0.53 |
| Dec '25 | $0.89 | $0.88 |
| Mar '26 | $0.61 | $0.47 |
| Jun '26 | $0.69 | $0.67 |
What analysts expect from NEW York Times Co
Analysts expect EPS of $0.65 for the quarter, in a range from $0.57 to $0.67, and revenue of $766.9 million. The full-year EPS estimate is $2.85, up 16.0% on last year, based on 9 analysts. That figure has slipped 0.8% over the past 90 days. Of the analysts' recommendations, 7 are positive, 3 are neutral and none is negative.
Earnings surprise model
Our model estimates EPS could land above the analysts' average estimate by 3.6%. The estimated chance of an EPS beat is 75.0%, based on the last 4 quarters. The model shrinks the median recent surprise toward zero and uses a neutral prior for beat frequency. This is a reference estimate from a small sample, not company guidance or a forecast.
NEW York Times Co's record against estimates
The company reported EPS above the analysts' average estimate in each of the last four quarters. Last quarter, EPS of $0.69 compared with an estimate of $0.67, above it by 3.6%.
Profit is outgrowing sales
Margins are carrying more of the earnings growth than volume. Net income over the twelve months was $392.8 million, up 22.6% on the year before, while the operating margin expanded to 16.0%, up 1.5 percentage points. The trailing net margin was 13.2%.
That margin expansion is showing up in cash. Operating cash flow was $658.3 million, up 34.4% on the year before. Capital spending was $35.2 million, or 1.2% of revenue, leaving free cash flow of $623.0 million, up 36.9%. The free-cash-flow margin was 20.9%, up 4.0 percentage points. The average diluted share count fell 0.6% over the year.
These levels sit at the top of the company's own history. The 20.9% free-cash-flow margin is above every past quarterly reading, which have ranged from −3.2% to 19.5%. The 16.0% operating margin is higher than 98% of past readings (0.7% to 16.0%). The 10.8% revenue growth rate is higher than 90% of past readings (−19.0% to 18.0%).
Questions this report will answer
The report will show whether the pick-up in revenue growth continues, whether results land above or below the analysts' expectations set out above, and whether margins hold at the trailing levels reported.
What NEW York Times Co's share price implies against our model
In our model, growth 5 percentage points lower would lower the value by 23.7%, and growth 5 percentage points higher would raise it by 30.7%. A free-cash-flow margin 1 percentage point lower would lower it by 4.6%.
