Electronic Arts Inc (NASDAQ:EA) Reports Q2 FY2026 Earnings Miss

Last update: Oct 28, 2025

Electronic Arts Inc (NASDAQ:EA) reported its financial results for the second quarter of fiscal year 2026, posting figures that fell short of analyst expectations on the top and bottom lines. The video game publisher's performance reflects a transitional period as it navigates a challenging comparison to a prior-year blockbuster release while simultaneously progressing toward a pending acquisition.

Earnings and Revenue Versus Estimates

The company's quarterly performance did not meet the financial targets set by Wall Street analysts. Net bookings, a key metric representing the net amount of products and services sold, came in below expectations.

Reported Net Bookings: $1.818 billion
Estimated Revenue: $1.935 billion
Reported Diluted EPS (GAAP): $0.54
Estimated Non-GAAP EPS: $1.34

The 13% year-over-year decline in net bookings was largely attributed to the extraordinary success of "College Football 25" in the same quarter last year, which created a difficult comparable period. The company did not provide forward-looking guidance, citing its pending acquisition, making a direct comparison to analyst estimates for the next quarter and full year unfeasible in this report.

Market Reaction and Price Action

Following the earnings release, the market's reaction has been muted with a slight negative bias in the recent period leading up to the report. The stock's performance indicates investor caution, likely influenced by the earnings miss and the overarching context of the company's impending takeover.

Last Week Performance: -0.05%
Last Month Performance: -0.77%

The absence of a dramatic after-hours move suggests the results were largely anticipated or are being viewed through the lens of the acquisition, which is the dominant near-term factor for the stock.

Operational Highlights and Financial Health

Despite the earnings miss, the quarter was not without its strengths. Several key franchises demonstrated growth, and the company maintained a robust return of capital to shareholders.

Key Franchise Performance:
- "Apex Legends" returned to net bookings growth, increasing double digits year-over-year.
- "EA SPORTS Madden NFL 26" and "EA SPORTS FC 26" both delivered net bookings growth.
- The company highlighted successful launches for new titles "skate." and "Battlefield 6."
Capital Return: EA repurchased 2.3 million shares for $375 million during the quarter and declared a quarterly cash dividend of $0.19 per share.
Cash Flow: Net cash from operating activities was $130 million for the quarter.

Pending Acquisition

A significant factor overshadowing the quarterly results is the announced definitive agreement for EA to be acquired by an investor consortium. The all-cash transaction values the company at an enterprise value of approximately $55 billion. Due to this pending transaction, EA did not host a quarterly earnings conference call. The deal is subject to regulatory approvals and stockholder approval, with the company directing investors to its SEC filings for further details.

For a detailed breakdown of historical earnings and future analyst estimates, you can review the data here.

Disclaimer: This article is for informational purposes only and does not constitute investment advice, financial analysis, or a recommendation to buy or sell any security. The information presented is based on publicly available data and should not be relied upon as the sole basis for making an investment decision.