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The connected fitness company posted $63 million in net income for fiscal 2026, but its stock fell on a weaker-than-expected revenue forecast
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Peloton reported its first full fiscal year of net income on Thursday, posting a $63.2 million profit for the year ended June 30, 2026 — a reversal from a $118.9 million loss in the prior year. Peloton stock slid roughly 13% in premarket trading after the revenue outlook came in below what investors had anticipated.
For fiscal 2027, Peloton expects total revenue of $2.3 billion to $2.4 billion, a drop of roughly 4% from fiscal 2026's $2.446 billion. Analyst expectations had been $2.42 billion, according to CNBC. Despite the lower revenue outlook, the company projected adjusted EBITDA of $475 million to $525 million for the year, up from $468.2 million in fiscal 2026, and set a free cash flow target of at least $350 million.
