Overview
- Peloton unveiled the three-model treadmill refresh on Sept. 22, 2026, introducing the foldable Tread Flex at $2,195 as its lowest-priced model alongside the upgraded Tread Vision ($3,495) and Tread+ Vision ($6,695).
- The Tread Flex folds to cut its floor footprint roughly in half, has caster wheels and a slow two-cylinder deck release, and does not include a camera so it cannot run some camera-based Peloton IQ features.
- Peloton expanded Peloton IQ with runner-specific tools including Run Analysis (camera-driven form scoring), personalized pace targets, ReRuns that auto-follow outdoor elevation, heart-rate zone workouts, Whoop integration, and a Sled Mode on Tread+ that simulates up to 300 pounds of resistance.
- All three models go on sale in the U.S. and Canada on Oct. 1, 2026, and Peloton says many new software features will be rolled out to existing tread hardware that can support them.
- Investors briefly cheered the launch with a roughly 5% stock bump but analysts remain cautious because paid subscriber counts have fallen and Peloton must convert new hardware buyers into higher‑margin subscriptions for sustained revenue growth.