Peloton has announced their Q1 2026 earnings data.
The company beat many analyst expectations, even as subscriber count continues to decline – a trend Peloton expects to continue into next year.
Peloton announced they had a net income of $14 million. Peloton reported total revenue of $551 million for the quarter – higher than analyst expectations of $542 million.
Peloton also announced they expected to see revenue of between $665-$685 next quarter (which includes the holiday season, traditionally one of Peloton’s best quarters). This estimate came ahead of what analysts were predicting for the company, which was around $661 million.
Peloton’s subscriber base continues to decline. Peloton ended the quarter with 2.732 million paid hardware owners – which is decrease from the 2.875 million Peloton had to start the quarter. Peloton is forecasting they will end the next quarter with between 2.64 and 2.67 million. However, Peloton did announce a price increase for their memberships last quarter – leading to more profitability.
The number of app subscribers continued to fall as well, with the total count dropping to 542,000 from 588,000 last quarter.
Peloton CEO Peter Stern projected optimism for the company, saying that “I am confident in our team’s ability to execute our strategic plan, return Peloton to profitable growth, and extend Peloton’s lead in connected fitness and wellness.”
Next quarter should see the impact of Peloton’s recently released Cross Training line of devices. These were released on October 1, 2025 – which is the first day of the second quarter for Peloton’s fiscal year. This means no sales data is reflected in the data released today – though it will be factored into estimates for the next quarter.
Peloton seems to be expecting a strong holiday season, with lots of Peloton Cross Training devices purchased, based on these estimates released today.
This earnings data comes following a recall of nearly a million Peloton Bike+ due to an issue with the seat post. The recall was issued first thing this morning.
Although the Peloton stock had dropped earlier in the day due to the recall and overall market conditions – Peloton’s stock popped over 10% in after market trading following the release of these results.
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