Climb Global Solutions Q2 sales slightly miss estimates

Climb Global Solutions

29/07/2026 21:17

Overview
US IT distributor's Q2 net sales rose 9% but slightly missed analyst expectations
Q2 adjusted EBITDA beat analyst estimates
Net income declined yr/yr due to higher effective tax rate

Outlook
Company expects to more than double FY 2025 adjusted EBITDA by 2030
Climb sees organic growth and selective vendor expansion as key strategic priorities
Company says Europe remains a key area of focus for scaling its global platform

Result Drivers
ORGANIC VENDOR GROWTH - Co said double-digit organic growth from new and existing vendors drove increases in net sales and gross profit
ACQUISITION IMPACT - Contributions from the Interworks acquisition supported revenue and gross billings growth
HIGHER OPERATING EXPENSES - SG&A expenses rose due to Interworks-related costs, variable sales compensation, and increased IT investments

Company press release: ID:nGNX12YbLT

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Sales
Slight Miss*
$174.21 mln
$174.97 mln (3 Analysts)
Q2 Net Income
 
$5.52 mln
 
Q2 Adjusted EBITDA
Beat
$11.30 mln
$10.94 mln (3 Analysts)
Q2 Basic EPS
 
$0.30
 
Q2 Gross Profit
 
$30.16 mln
 
Q2 Income From Operations
 
$7.39 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 "strong buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "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 Climb Global Solutions Inc is $32.00, about 13.6% above its July 28 closing price of $28.18
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 13 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.)