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CMCSA · COMCAST CORP

Changes to watch · 1 concrete new risk (corporate transactions)

10-Q 2026-07-23 ↗ compared with the reference 10-K 10-K 2026-02-03 ↗

Closing price50-day average200-day average

Technical events and factor profile →

Summary

Comcast warns of risks from planned spin-off into two companies, including satisfaction of customary conditions such as regulatory approvals and financing arrangements. The failure to meet these requirements could impact the separation process.

Automatic summary generated from the filing; it may contain inaccuracies.
Concrete new risks
1
Generic new risks
0
Filing
10-Q · 2026-07-23

How the stock reacted

After the 10-Q1 session5 sessions20 sessions
CMCSA-6.8%+4.6%+13.1%
Nasdaq-100 (QQQ)-1.9%-6.2%+1.5%
Difference-4.9%+10.8%+11.5%

From the close before the filing. Historical data, not a prediction.

What the concrete new risks are about

Corporate transactions · 1

New risks 1

Concrete fact Corporate transactions
Separation into Two Independent Publicly Traded Companies

We are subject to risks related to our intention to separate into two independent publicly traded companies through a tax-free spin-off of NBCUniversal and Sky.

Key figures quarterly · USD

Revenue (TTM)
$124.9B
YoY growth
-1.2%
Operating margin
17.2%
Cash / debt
$7.7B / —
Jun 26Mar 26Dec 25Sep 25Jun 25
Revenue$29.9B$31.5B$32.3B$31.2B$30.3B
YoY growth-1.2%+5.3%+1.2%-2.7%+2.1%
Gross margin—————
Operating margin17.2%13.1%10.8%17.7%19.8%
Net income$3.5B$2.2B$2.2B$3.3B$11.1B
Diluted EPS0.990.600.620.902.98

XBRL data filed with the SEC. The fourth fiscal quarter is calculated as the full year minus the previous three quarters.

Factor profile percentile vs. the S&P 500 and the Nasdaq-100

Momentum
12 months excl. last: -14.7% · 6 months -25.1%
19
Trend quality
R² 0.22 · falling
26
Relative strength
-35.2% vs. the S&P 500 over 6 months
6
Volatility
35% annualised
66
Beta
beta 0.11
25
Distance from high
-30.9% from the 52-week high
16
Extension
+0.6 standard deviations from its 20-day average
42

0 = the lowest in the universe, 100 = the highest. It describes how the stock has behaved, not whether to buy or sell it. Screen stocks by factors

Management tone MD&A

+3

Similar than in the previous 10-Q (2026-04-23: +1, +2 points)

10-Q of 2026-07-23 · 20.8% positive sentences, 16.1% negative · 279 sentences analysed

Index from −100 to +100 calculated with FinBERT on the results discussion (MD&A). The change matters more than the level: some sectors always sound more cautious.

Top funds 13F

Markel Group · Tom Gayner
held since Q3 2023 or earlier
0.1% $19.7M -17%
Bridgewater Associates · Ray Dalio
held since Q3 2023 or earlier
0.1% $22.6M -23%
Soros Fund Management · George Soros — sold

Weight in each fund's portfolio and change vs. the previous quarter, from its latest 13F.

Recent material events (8-K)

2026-07-23 Results released 5 sessions: +10.8% vs Nasdaq-100 SEC ↗
2026-06-29 Other events 5 sessions: -0.0% vs Nasdaq-100 SEC ↗
2026-06-12 Shareholder vote 5 sessions: -11.3% vs Nasdaq-100 SEC ↗
2026-06-03 Other events 5 sessions: +1.1% vs Nasdaq-100 SEC ↗
2026-06-02 Other events 5 sessions: +1.1% vs Nasdaq-100 SEC ↗

All material events for CMCSA →

Source: SEC EDGAR. Automatic comparison of the risk factors section; it may contain extraction errors. Always check the original document. For information purposes only; not investment advice.