Q2 FY2026 EarningsQ2 FY26 results beat consensus across key metrics, with revenue reaching $839M vs. $795.1M expected and EBIT of $136M exceeding the $132.2M mean forecast. Political advertising revenue of $83M significantly outperformed expectations, driven by 2026 acquisitions and cyclical demand. Despite higher corporate expenses of $37M due to transaction costs, the company reported GAAP net income of $14M, well above the anticipated -$8.3M loss. Q3 FY26 revenue guidance of $935M-$965M is significantly above current consensus, underpinned by an expected $165M-$185M in political revenue.
Financial report interval: 2026.03.30 - 2026.06.30
Overview: Gray Television(GTN.A) the Revenue is 839 M (+8.68%), Beat estimate;the EBIT is 136 M (+65.85%), Beat estimate.
Actual
YoY
Estimate
YoY
Vs estimate
YoY
RevenueExceed expectations
0.84B8.68%
0.80B3.00%
+0.04B5.68%
EBITExceed expectations
0.14B65.85%
0.13B61.17%
+0.00B4.68%
Revenue
ActualEstimateUnit: USD
qf
EBIT
ActualEstimateUnit: USD
qf
Net income
ActualEstimateUnit: USD
qf
EPS
ActualEstimateUnit: USD
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