BlackLine Q2 revenue rises 9%, slightly beats estimates
BlackLine Q2 revenue rises 9%, slightly beats estimates
Overview
Financial automation software firm's preliminary Q2 revenue rose 9%, slightly beating analyst expectations
Adjusted EPS for Q2 was $0.27
Company increased stock buyback program by $100 mln and repurchased 1.2 mln shares in Q2
Outlook
BlackLine expects Q3 2026 GAAP revenue of $193 mln to $195 mln
Company sees full-year 2026 GAAP revenue between $765 mln and $769 mln
Company says demand remains strong despite variable deal timing due to AI-driven customer evaluations
Result Drivers
AI AGENT ADOPTION - Co said accelerating adoption and monetization of Verity AI agents drove platform conversion and direct revenue
DEAL TIMING VARIABILITY - Co said deal timing was 'noisy' as customers conducted more rigorous, AI-driven evaluations, though demand remained strong
PLATFORM EXPANSION - Co expanded its Agentic Financial Operations Platform and launched new AI-powered features
Company press release: ID:nGNX5W8TD9
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Slight Beat* | $187.82 mln | $187.02 mln (11 Analysts) |
Q2 EPS |
| $0.27 |
|
Q2 Net Income |
| $9.27 mln |
|
Q2 Gross Profit |
| $142.68 mln |
|
Q2 Operating Expenses |
| $131.69 mln |
|
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 8 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy."
Wall Street's median 12-month price target for BlackLine Inc is $36.50, about 11.3% above its August 3 closing price of $32.78
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)