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Investing.com - Benchmark has reiterated its Buy rating and $180.00 price target on Electronic Arts (NASDAQ:EA), a $38.86 billion market cap gaming giant, following the company’s strong first-quarter fiscal 2026 performance. According to InvestingPro analysis, the stock is currently trading slightly above its Fair Value, with a robust financial health score of "GOOD."
Electronic Arts exceeded the high end of its Q1 FY26 guidance, reporting net bookings of $1.298 billion and adjusted earnings per share of $0.25, surpassing consensus expectations of $1.263 billion and $0.10, respectively. The company maintains impressive profitability metrics, with a gross profit margin of 79.32% and annual revenue of $7.46 billion. InvestingPro subscribers can access 8 additional key insights about EA’s financial performance.
The company’s quarterly performance was driven by strong catalog performance and steady engagement across EA SPORTS FC and The Sims franchises, which offset expected year-over-year softness in Apex Legends. Despite the overall decline, Apex Legends outperformed internal expectations with stable key performance indicators and continued strong engagement metrics. The company’s stability is reflected in its low beta of 0.73, indicating lower price volatility compared to the broader market.
Electronic Arts reaffirmed its full-year fiscal 2026 guidance while issuing second-quarter guidance below Street expectations. The company projects Q2 net bookings between $1.800 billion and $1.900 billion (midpoint $1.850 billion) and adjusted EPS between $1.15 and $1.35 (midpoint $1.25).
These Q2 projections fall short of consensus expectations, which had anticipated $2.030 billion in net bookings and $2.13 in adjusted earnings per share for the quarter.
In other recent news, Electronic Arts (EA) has reported its earnings for the first quarter of fiscal year 2026, surpassing analyst expectations. The company achieved an earnings per share (EPS) of $0.79, which was higher than the projected $0.63. Additionally, EA exceeded revenue forecasts by posting $1.3 billion, compared to the anticipated $1.24 billion. These results highlight a strong performance for the company in the recent quarter. Despite the positive earnings report, there was a decline in EA’s stock during regular trading hours. However, the stock saw a slight increase in aftermarket trading. These developments reflect the company’s ongoing financial activities and market reactions. Investors and analysts will be closely monitoring EA’s future performance based on these results.
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