Disney (DIS) released its fiscal Q3 2026 earnings before the markets opened yesterday, August 5. Barring the slight top-line miss, it was an overall solid performance from the entertainment giant whose shares have otherwise underperformed terribly and have practically gone nowhere over the last decade. Despite the post-earnings rally yesterday, DIS is down 9.25% for the year, and unless something changes significantly over the next five months, it looks doomed for another year of underperformance versus the S&P 500 Index ($SPX) – a dubious feat it held in four of the last five years.
