Strategy Inc · STRC · FY2026 Q1 · Calendar Q2 2026

Strategy emphasizes Bitcoin accumulation and digital-credit expansion

The supplied analysis supports a conditional growth thesis: management sees Bitcoin-per-share accretion, digital-credit expansion and capital-market access as growth drivers, but the outcome remains dependent on Bitcoin prices, product demand, funding conditions and regulatory clarity.

Reported Session unavailableNASDAQTechnology $32.79B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $-38.25 Consensus $-0.86
EPS surprise -4337.4% Reported versus consensus
Reported revenue $124.3M Consensus $120.8M
Revenue surprise +2.9% Reported versus consensus

Market reaction

close-to-close (session unavailable)
Stock move +0.0% Event window
SPY move +0.8% Same window
Abnormal move -0.8% Stock minus SPY
Volume 0.6× Versus trailing sessions
Subsequent drift -5.3% Up to 20 sessions
STRCSPY benchmark

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Transcript intelligence

What changed

Compared with the prior-quarter analysis, the current analysis highlights STRC's proposed shift from monthly to semimonthly dividends, possible selective Bitcoin sales to fund dividends, a debt-free balance-sheet objective, and formation of a Bitcoin security council. It also reports continued Bitcoin accumulation and broader digital-credit and tokenized-product expansion.

Guidance delta

Maintained; the supplied transcript analysis identifies no change in guidance sentiment.

Key takeaways

  • Management said Strategy remained the largest corporate Bitcoin holder and continued accumulating despite price volatility.
  • STRC was described as a highly liquid preferred digital-credit instrument with an 11.5% dividend yield.
  • Management outlined a proposed semimonthly STRC dividend schedule and said it may consider selective Bitcoin sales to fund dividends.
  • The company said it raised $11.7 billion of capital in 2026 and is pursuing a debt-free balance sheet.
  • The long-term growth case presented by management centers on Bitcoin per share, digital-credit expansion, capital-market access and regulatory clarity.

Management priorities

  • Continue accumulating Bitcoin and pursue Bitcoin-per-share growth.
  • Expand STRC and other digital-credit products.
  • Pursue a debt-free balance sheet by retiring convertible debt.
  • Implement the proposed semimonthly STRC dividend schedule, subject to shareholder approval.
  • Develop the Bitcoin security council and monitor quantum-related risks.

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Earnings History

Estimate Beat Miss Match
STRC EPS earnings history estimate and actual scatter chart 9 reported fiscal quarters and 4 future estimate-only quarters. Q3 '23 estimate $-0.59 Q3 '23 actual $-0.66, miss Q4 '23 estimate $-0.44 Q4 '23 actual $0.06, beat Q1 '24 estimate $-0.44 Q1 '24 actual $-0.84, miss Q2 '25 estimate $-0.10 Q2 '25 actual $32.60, beat Q3 '25 estimate $-0.10 Q3 '25 actual $8.42, beat Q4 '25 estimate $-0.08 Q4 '25 actual $-42.93, miss Q1 '26 estimate $-0.86 Q1 '26 actual $-38.25, miss Q2 '26 estimate $0.79 Q2 '26 actual $-24.45, miss Q3 '26 estimate $20.19 Q3 '26 actual $44.75, beat Q4 '26 estimate $8.75 Q1 '27 estimate $3.25 Q2 '27 estimate $5.50 Q3 '27 estimate $2.51
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Analyst Consensus ?

ConsensusHold1 ratings
Bullish00.0%
Neutral1100.0%
Bearish00.0%

Analyst 52W Price Targets

$99.13Current
$252Low
$252Average
$252High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 1, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
Jefferies Hold BuyDowngradeAug 21, 2023

Named analyst price targets

Upside is calculated against the persisted current price $99.13. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
Credit SuisseAnalyst unavailable$252$111.42 +154.2%May 12, 2022

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Company context

Snapshot as of publication

Strategy Inc, together with its subsidiaries, operates as a bitcoin treasury company in the United States, Europe, the Middle East, Africa, and internationally. It offers investors varying degrees of economic exposure to Bitcoin by offering a range of securities, including equity and fixed income instruments. The company also provides AI-powered enterprise analytics software, including Strategy One, which provides non-technical users with the ability to directly access novel and actionable insights for decision-making. In addition, the company provides Strategy Mosaic, a universal intelligence layer that offers enterprises with consistent definitions and governance across data sources, regardless of where that data resides or which tools access it. The company was formerly known as MicroStrategy Incorporated and changed its name to Strategy Inc in August 2025. The company was incorporated in 1989 and is headquartered in Tysons Corner, Virginia.

Historical context

All STRC earnings

Technology peers this season

Latest reports in the same sector

Latest beats and misses

Who reports next

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
  3. Polygon adjusted daily market bars · 2026-11-01T15:50:47.642526+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-01T15:50:47.639748+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-11-01. For educational purposes only; not investment advice.