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Peloton Interactive (PTON) guidance and outlook
Peloton Interactive (PTON) reaffirmed its guidance on Nov 5, 2026: Revenue $625M–$650M for Q2 FY2027; Gross margin 50% for Q2 FY2027; EBITDA $85.0M–$100M for Q2 FY2027; Revenue $2.3B–$2.4B for FY2027. Peloton Interactive's 10-Q filed Nov 5, 2026 makes 18 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Revenue | Q2 FY2027 | $625M–$650M | new |
| Gross margin | Q2 FY2027 | 50% | new |
| EBITDA | Q2 FY2027 | $85.0M–$100M | new |
| Revenue | FY2027 | $2.3B–$2.4B | reaffirmed |
| Gross margin | FY2027 | 54% | reaffirmed |
| EBITDA | FY2027 | $475M–$525M | reaffirmed |
| Free cash flow | FY2027 | $350M | reaffirmed |
| Gross margin | FY2027 | +140 bps | reaffirmed |
From the earnings release filed Nov 5, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 5, 2026
- We continue to closely monitor updates from CBP and will continue to recognize any IEEPA tariff refunds or related receivables when they are realized or realizable.
- We will continue to closely monitor changes in international trade policies, relations, legislation and regulations, including those related to tariffs, which could adversely impact the global economy and our business, financial condition, and operating results.
- In addition to the measures presented in our interim condensed consolidated financial statements, we use the following key operational and business metrics to evaluate our business, measure our performance, develop financial forecasts, and make strategic decisions.
- Impairments are determined using management’s judgment about our anticipated ability to continue to use fixed assets in-service and under development, current economic and market conditions and their effects based on information available as of the date of these condensed consolidated financial statements.
- The period-to-period comparisons of our historical results are not necessarily indicative of the results that may be expected in the future.
- • Adjusted EBITDA excludes stock-based compensation expense, which has recently been, and will continue to be for the foreseeable future, a significant recurring expense for our business and an important part of our compensation strategy;
- We make adjustments for product recall related matters that we have determined arise outside of the ordinary course of business and are nonrecurring, infrequent or unusual based on factors including the nature of the product recall, our experience with similar product recalls at the time of such assessment, the impacts on us of the recall remedy and associated logistics, supply chain, and other externalities, as…
- • Subscription Contribution and Subscription Contribution Margin exclude stock-based compensation expense, which has recently been, and will continue to be for the foreseeable future, a significant recurring expense for our business and an important part of our compensation strategy.
- We anticipate capital expenditures over the next 12 months to include investments in product development, content and our studios, systems implementation, and IT infrastructure.
- There can be no assurance that we will be able to raise additional capital.
- Consistent with industry practice, we acquire inventories from these suppliers through purchase orders against which orders are applied based on projected demand information and availability of goods.
- Such purchase commitments typically cover our forecasted product and manufacturing requirements for periods that span a number of months.
Peloton Interactive's latest quarter
Peloton Interactive, Q1 FY27: revenue $559M (+2% year over year), operating margin 20.8%, net earnings $96.2M, operating cash flow $146M. The chart follows the revenue to costs, profit and cash.
Questions
Did Peloton Interactive raise or lower its guidance?
Peloton Interactive (PTON) reaffirmed its guidance on Nov 5, 2026: Revenue $625M–$650M for Q2 FY2027; Gross margin 50% for Q2 FY2027; EBITDA $85.0M–$100M for Q2 FY2027; Revenue $2.3B–$2.4B for FY2027.
What does Peloton Interactive expect?
We continue to closely monitor updates from CBP and will continue to recognize any IEEPA tariff refunds or related receivables when they are realized or realizable. We will continue to closely monitor changes in international trade policies, relations, legislation and regulations, including those related to tariffs, which could adversely impact the global economy and our business, financial condition, and operating results. In addition to the measures presented in our interim condensed consolidated financial statements, we use the following key operational and business metrics to evaluate our
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.