Confluent beats Q4 revenue, adjusted profit estimates

Confluent

11/02/2026 21:10

Overview

Data streaming firm's Q4 revenue rose 21%, beating analyst expectations

Adjusted EPS for Q4 beat analyst expectations

Company announced pending merger with IBM for $31 per share

Outlook

Confluent will not provide financial guidance due to pending IBM acquisition

Result Drivers

CLOUD REVENUE GROWTH - Confluent Cloud revenue increased 23% year-over-year, driving overall subscription revenue growth

AI PRODUCT ADVANCEMENTS - CEO Jay Kreps cited AI product advancements as strengthening category leadership

CUSTOMER GROWTH - Number of customers with $100,000 or greater in ARR increased 10% year-over-year

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$314.80 mln
$308.06 mln (29 Analysts)
Q4 Adjusted EPS
Beat
$0.12
$0.10 (28 Analysts)
Q4 EPS
-$0.23
Q4 Adjusted Operating income
Beat
$27.60 mln
$22.40 mln (28 Analysts)
Q4 Adjusted Operating Margin
8.80%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 26 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy."

Wall Street's median 12-month price target for Confluent Inc is $31.00, about 1.3% above its February 10 closing price of $30.59

The stock recently traded at 63 times the next 12-month earnings vs. a P/E of 50 three months ago

Press Release: ID:nBw2F49BXa

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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.)