Peloton Interactive (PTON) Earnings: Q1 Fiscal 2027 Results and Next Report Date

The quarter ended September 30, 2026 and Peloton published the results on November 5, 2026. Revenue and diluted EPS are shown against Q1 fiscal 2026, the same quarter a year earlier, which takes seasonal swings out of the comparison.

• Peloton's fiscal year ends June 30, so Q1 fiscal 2027 is the quarter ended September 30, 2026.
• Gross margin was lifted by refunds of IEEPA tariffs Peloton had previously paid and expensed, which it booked as a reduction of Connected Fitness Products cost of revenue. Peloton called part of the margin gain nonrecurring.
• Peloton does not report an adjusted EPS figure. Its main non-GAAP measures are Adjusted EBITDA and Free Cash Flow.

Source: Peloton Q1 fiscal 2027 results, November 5, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Peloton splits revenue in its own release, under its own labels, for Q1 fiscal 2027 against Q1 fiscal 2026. Indented lines are parts of the line above them.

• Peloton's Connected Fitness Products revenue was $149 million in Q1 fiscal 2027, down 3% from $152 million in Q1 fiscal 2026, 27% of total revenue.
• Peloton's Subscription revenue was $411 million in Q1 fiscal 2027, up 3% from $398 million in Q1 fiscal 2026, 73% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q1 fiscal 2027 release, Peloton said:

“Total Revenue is expected to be in the range of $625 million to $650 million, representing a decrease of $19 million or 3% year-over-year at the midpoint.”

“Ending Paid Connected Fitness Subscriptions are expected to be in the range of 2.425 million to 2.445 million, representing a decrease of 226,000 or 9% year-over-year at the midpoint.”

“Total Revenue outlook of $2.30 billion to $2.40 billion, representing a decrease of $96 million or 4% year-over-year at the midpoint and no change to our outlook provided last quarter.”

“Adjusted EBITDA outlook of $475 million to $525 million, representing an increase of $32 million or 7% year-over-year at the midpoint and no change to our outlook provided last quarter.”

Source: Peloton Q1 FY2027 release, Nov 5, 2026.

This is the company's own guidance as of Nov 5, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the PTON forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP total revenue and diluted EPS, each as first reported in that quarter's release.

Peloton's next report is expected around February 4, 2027, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q1 fiscal 2027 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q1 fiscal 2027 (this page), reported Nov 5, 2026

Peloton's total revenue was $559.2 million in Q1 fiscal 2027, up 2% from $550.8 million a year earlier and $4 million above the midpoint of its guidance range. Subscription revenue was $410.7 million, or about three quarters of the total, and Connected Fitness Products revenue was $148.5 million. (Peloton Q1 FY2027 release (8-K Exhibit 99.1), Nov 5, 2026)

Subscription revenue rose $12.3 million, which Peloton attributed to subscription price increases that took effect in the quarter ended December 31, 2025 and to higher content licensing revenue, partly offset by fewer Paid Connected Fitness and App Subscriptions. Ending Paid Connected Fitness Subscriptions fell 9% to 2.475 million and Paid App Subscriptions fell 10% to 0.487 million. (Peloton Form 10-Q, Q1 FY2027, Nov 5, 2026; Peloton Q1 FY2027 release (8-K Exhibit 99.1), Nov 5, 2026)

Connected Fitness Products revenue covers Peloton-branded hardware and accessories, Precor-branded fitness products, delivery and installation, Bike rentals, extended warranties, apparel and commercial service contracts. It fell $4.0 million because of lower sales of certain Peloton-branded products, partly offset by higher Precor sales. Rental revenue was $5.3 million, down from $9.2 million. (Peloton Form 10-Q, Q1 FY2027, Nov 5, 2026)

North America accounted for $502.3 million of revenue and International for $56.8 million. Revenue attributable to the United States was $483.2 million, 86% of the total. Peloton said its Commercial Business Unit, which has customers in over 60 countries, grew revenue by double digits year-over-year again, and it had 19 microstores in the U.S. after opening ten since the start of the quarter. (Peloton Form 10-Q, Q1 FY2027, Nov 5, 2026; Peloton Q1 FY2027 release (8-K Exhibit 99.1), Nov 5, 2026; Peloton Form 10-K, fiscal 2026, Aug 6, 2026)

Peloton earned GAAP diluted EPS of $0.19 in Q1 fiscal 2027, up from $0.03, on net income of $96.2 million against $13.9 million. Total gross margin was 61.3%, up 975 basis points, and above its 57% guidance, and Connected Fitness Products gross margin jumped to 33.4% from 6.9%. (Peloton Q1 FY2027 release (8-K Exhibit 99.1), Nov 5, 2026; Peloton Form 10-Q, Q1 FY2027, Nov 5, 2026)

Most of the hardware margin gain came from refunds of IEEPA tariffs. During the quarter Peloton received refund payments for substantially all of the IEEPA tariffs it had paid and recorded them as a reduction of Connected Fitness Products cost of revenue. The year-ago quarter also carried expense for the Original Series Bike+ seat post recall. (Peloton Form 10-Q, Q1 FY2027, Nov 5, 2026)

Diluted EPS is lower than basic EPS of $0.22 because Peloton's convertible senior notes are counted under the if-converted method: diluted weighted average shares were 525,438,792, including 76,452,600 shares from the notes, against 441,822,046 basic shares, and $3.7 million of interest on the notes is added back to net income. Peloton does not publish an adjusted EPS; its Adjusted EBITDA of $167.8 million excludes $39.9 million of stock-based compensation, among other items. (Peloton Form 10-Q, Q1 FY2027, Nov 5, 2026; Peloton Q1 FY2027 release (8-K Exhibit 99.1), Nov 5, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Peloton gives a quarterly and a full-year outlook in its release. For Q2 fiscal 2027 it expects total revenue of $625 million to $650 million, ending Paid Connected Fitness Subscriptions of 2.425 million to 2.445 million, total gross margin of about 50.0% and Adjusted EBITDA of $85 million to $100 million. (Peloton Q1 FY2027 release (8-K Exhibit 99.1), Nov 5, 2026)

Peloton left its full-year fiscal 2027 outlook unchanged: total revenue of $2.30 billion to $2.40 billion, down 4% at the midpoint, total gross margin of about 54.0%, Adjusted EBITDA of $475 million to $525 million, and Free Cash Flow of at least $350 million. (Peloton Q1 FY2027 release (8-K Exhibit 99.1), Nov 5, 2026)

A consensus figure is the average of the models published by the analysts who cover Peloton, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Peloton's own release and filings put weight on for Q1 fiscal 2027, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning PTON is on is PTON a buy or a sell?, what analysts expect next is on the PTON forecast, and what the company does is on the Peloton Interactive (PTON) stock page.

Every number on this page can be traced to a document Peloton published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.