DraftKings Inc. (DKNG) came in below expectations in Q2 FY2026 on revenue of $1.4B versus the $1.5B estimate (-4.6% YoY) and EPS of $-0.14. The next DraftKings Inc. (DKNG) earnings date is Nov 5, 2026. Below is the full DraftKings Inc. earnings breakdown — the risk-adjusted verdict, price forecast, technicals, options and hedge-fund 13F holdings, decoded in plain English.
DraftKings Inc. (DKNG) Earnings Analysis — key stats
Next earnings date
Nov 5, 2026
Latest reported quarter
Q2 FY2026
Earnings verdict
Miss
EPS beat rate
2 of last 8 (quarters above estimate)
Avg next-day move
±10.2% (over the last 8 reports)
Post-earnings direction
Up 6 / Down 2 (of the last 8 reports)
Implied move (next report)
±27.6% (options-derived · into Nov 5, 2026)
Institutional ownership
86.9% (13F as of 2026-06-30)
Top 10 holders
43.5% (of shares outstanding)
Insider activity
10 buys / 2 sells (recent Form 4 filings)
Revenue
$1.4B (vs $1.5B est · -4.5% surprise · -4.6% YoY)
EPS
$-0.14 (vs $0.02 est · -741.6% surprise · -143.8% YoY)
Share price
$25.97 (-0.8%)
Market cap
$12.9B
DraftKings Inc. (DKNG) Earnings Analysis — beat / miss history
Quarter
Revenue
EPS
EPS surprise
Next-day move
Verdict
Q3 FY2026
$1.4B vs $1.5B est
$-0.14 vs $0.02 est
-741.6%
+10.4%
Miss
Q2 FY2026
$1.6B vs $1.6B est
$0.20 vs $0.22 est
-9.1%
+6.7%
Mixed
Q1 FY2026
$2.0B vs $2.0B est
$0.36 vs $0.36 est
+0.0%
-17.3%
In line
Q4 FY2025
$1.1B vs $1.2B est
$-0.52 vs $-0.43 est
-20.6%
+8.9%
Miss
Q3 FY2025
$1.5B vs $1.4B est
$0.38 vs $0.15 est
+151.2%
-5.5%
Beat
Q2 FY2025
$1.4B vs $1.4B est
$-0.07 vs $-0.08 est
+9.7%
+4.5%
Mixed
Q1 FY2025
$1.4B vs $1.4B est
$-0.28 vs $0.07 est
-500.0%
+17.7%
Mixed
Q4 FY2024
$1.1B vs $1.1B est
$-0.60 vs $-0.42 est
-42.9%
+10.9%
Mixed
Top institutional holders
Holder
% outstanding
Shares
Value
QoQ change
Cibc Bancorp Usa INC.
7.7%
37.3M
$942.6M
+205.0%
Aqr Capital Management LLC
6.1%
29.7M
$749.4M
+29.8%
Jupiter Topco LLC
5.2%
25.3M
$638.4M
+100.0%
Capital World Investors
5.1%
24.8M
$626.4M
+0.3%
Blackrock, INC.
4.7%
23.0M
$579.9M
-13.7%
Vanguard Capital Management LLC
4.4%
21.6M
$545.0M
+1.2%
Vanguard Portfolio Management LLC
3.9%
19.2M
$484.8M
+3.2%
Norges Bank
2.4%
11.8M
$299.3M
+100.0%
Spruce House Investment Management LLC
2.0%
9.7M
$243.8M
+0.0%
Geode Capital Management, LLC
2.0%
9.5M
$240.4M
-1.9%
Recent insider transactions
Insider
Role
Date
Type
Shares
Value
Moore Jocelyn
director
2026-08-19
Sell
11K
$258754
Kalish Matthew
director
2026-08-12
Buy
383K
$1.8M
Kalish Matthew
director
2026-08-12
Sell
383K
$1.8M
Wendt Gregory Westin
director
2026-08-04
Buy
11K
—
Kalish Matthew
director
2026-08-04
Buy
11K
—
WALDEN MARNI M
director
2026-08-04
Buy
11K
—
Moore Jocelyn
director
2026-08-04
Buy
11K
—
Moore Ryan R
director
2026-08-04
Buy
11K
—
What you'll find
Next DraftKings Inc. (DKNG) earnings date, the expected move and the estimates priced in
A clear Beat / Miss / In-line / Mixed verdict the moment DraftKings Inc. reports
Revenue & EPS versus estimates, guidance and segment trends
Multi-lens price forecast — analyst, quant, technical and options views
Deep research: red flags, risk decoder and earnings-call sentiment
Technicals, options / implied volatility and unusual-activity signals
Hedge-fund and legendary-investor 13F holdings in DraftKings Inc. (DKNG)
Side-by-side peer and historical earnings comparison
Frequently asked questions
When is DraftKings Inc.'s next earnings date?
DraftKings Inc.'s (DKNG) next scheduled earnings date is Nov 5, 2026. Magnisto shows the confirmed date, the options-implied expected move and the revenue and EPS estimates Wall Street is modeling into the report.
Did DraftKings Inc. (DKNG) beat or miss earnings?
In Q2 FY2026, DraftKings Inc. (DKNG) posted miss results — revenue of $1.4B versus the $1.5B estimate (-4.5% surprise) and EPS of $-0.14 versus $0.02 expected (-741.6% surprise). Magnisto decodes every DraftKings Inc. (DKNG) report into a clear Beat, Miss, In-line or Mixed verdict and checks whether guidance was raised, held or cut.
How often does DraftKings Inc. beat earnings estimates?
Over its last 8 reported quarters, DraftKings Inc. (DKNG) beat Wall Street EPS estimates 2 times, most recently a miss result in Q3 FY2026. Magnisto tracks every DraftKings Inc. (DKNG) quarter's revenue and EPS versus consensus and grades each one Beat, Miss, In-line or Mixed at a unified ±2% threshold.
How much does DraftKings Inc. stock move after earnings?
Over its last 8 quarterly reports, DraftKings Inc. (DKNG) moved an average of ±10.2% the day after earnings — ranging from -17.3% (Q1 FY2026) to +17.7% (Q1 FY2025). The stock rose after 6 of those 8 reports and fell after 2. Heading into its next report on Nov 5, 2026, options-implied volatility is pricing in a move of roughly ±27.6% (derived). Magnisto tracks the realized post-earnings move for every DraftKings Inc. (DKNG) quarter alongside the beat/miss verdict — past moves don't predict the next one.
Who are the largest shareholders of DraftKings Inc.?
Institutions hold about 86.9% of DraftKings Inc.'s (DKNG) shares outstanding as of the 2026-06-30 13F quarter. Its largest institutional holders include Cibc Bancorp Usa INC. (7.7%), Aqr Capital Management LLC (6.1%), Jupiter Topco LLC (5.2%). Magnisto lists DraftKings Inc.'s (DKNG) top 13F holders with each stake size and its quarter-over-quarter change.
Are insiders buying or selling DraftKings Inc. (DKNG)?
In the most recent Form 4 filings Magnisto tracks, DraftKings Inc. (DKNG) insiders recorded 10 purchases and 2 sales — net buying. Insider transactions are one signal among many and are often routine (option exercises or scheduled 10b5-1 sales), so Magnisto shows the raw feed for you to judge.
What is the forecast for DraftKings Inc. (DKNG) stock?
Magnisto blends analyst price targets, quantitative research, technical trend and options-implied moves into a scenario range for DraftKings Inc. (DKNG), anchored to the current $25.97 share price, so you can weigh the bull, base and bear cases for DraftKings Inc. side by side.
Is DraftKings Inc. (DKNG) a buy right now?
Magnisto does not give buy or sell tips. It gives you the institutional-grade evidence — the verdict, valuation, risks, technicals and hedge-fund 13F flows — so you can decide whether DraftKings Inc. fits your own thesis and risk profile. This is research, not investment advice.