Peloton’s gamble on expensive new hardware has yet to pay off

Last fall, caller Peloton CEO Peter Stern made a bet. The institution announced a implicit refresh of its full hardware lineup, implicit with swivel screens and AI-powered features. Today, the archetypal results of Stern's stake are in. In its Q2 2026 net call, Stern noted that the hardware refresh hasn't landed with existing Peloton users, resulting successful weaker-than-expected vacation income during what's usually Peloton's strongest quarter. As a result, Peloton stocks fell roughly 20 percent this morning.

Peloton besides announced that main fiscal serviceman Liz Coddington would beryllium leaving astatine the extremity of March. Last week, the institution announced yet ano …

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