AvePoint Q2 revenue jumps on AI-led demand
AvePoint Q2 revenue jumps on AI-led demand
Overview
US AI trust platform provider's Q2 revenue grew 22% yr/yr, SaaS revenue up 27%
Company Q2 ARR rose 27% yr/yr to $465.1 mln
AvePoint raised full-year guidance for ARR and revenue
Outlook
AvePoint sees Q3 revenue of $128.2 mln to $130.2 mln
Company raises full-year ARR guidance to $522.1 mln to $528.1 mln
AvePoint expects 2026 revenue of $508.5 mln to $512.5 mln
Result Drivers
AI TRUST DEMAND - Co said growing demand for trusted AI solutions drove topline growth and record net new ARR
PLATFORM ADVANCEMENTS - Co cited new advancements to the AvePoint Confidence Platform as supporting momentum and extending governance and security to agentic AI and multicloud infrastructure
CUSTOMER EXPANSION - Dollar-based net retention rate remained above 110%, indicating expansion within existing customer accounts
Company press release: ID:nGNX792yzL
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Net Income |
| $27.57 mln |
|
Q2 Adjusted Gross Margin |
| 73.70% |
|
Q2 Adjusted Gross Profit |
| $91.70 mln |
|
Q2 ARR |
| $465.10 mln |
|
Q2 Gross Profit |
| $91.006 mln |
|
Q2 Operating Expenses |
| $80.78 mln |
|
Q2 Operating Income |
| $10.22 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the it services & consulting peer group is "buy"
Wall Street's median 12-month price target for AvePoint Inc (Delaware) is $15.00, about 11.9% above its August 5 closing price of $13.40
The stock recently traded at 30 times the next 12-month earnings vs. a P/E of 24 three months ago
Reuters Recommended Reads
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Aug 4 - Intapp Q4 results beats analyst estimates on SaaS, cloud growth
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)