Disney Announces $7 Billion Stock Buyback
Walt Disney (NYSE: DIS) is set to implement a $7 billion stock buyback program for fiscal 2026, doubling its previous fiscal year and marking the second-largest buyback in the company’s history. This initiative follows a first-quarter earnings report released on February 2, which showed strength in Disney’s cash flow, projecting $19 billion in cash operations against $9 billion in capital expenditures, leaving $10 billion available for buybacks and dividends.
With approximately 1.772 billion shares outstanding, this buyback could reduce the share count by about 67.5 million, or 3.8%. The move indicates management believes the stock is undervalued despite ongoing challenges in the streaming and sports sectors, while the parks and cruise segments remain strong cash-generating operations.
