HubSpot Q1 revenue rises, beats analyst estimates

HubSpot

07/05/2026 21:16

Overview

Customer platform provider's Q1 revenue rose 23% yr/yr, beating analyst expectations

Adjusted net income and adjusted EBIT for Q1 beat analyst expectations

Company repurchased $211 mln of its common stock during the quarter

Outlook

HubSpot sees Q2 revenue of $897 mln to $898 mln, up 18% year over year

Company expects Q2 non-GAAP net income per share of $3.00 to $3.02

HubSpot forecasts 2026 revenue of $3.7 bln to $3.708 bln, up 18% year over year

Result Drivers

SUBSCRIPTION GROWTH - Subscription revenue rose 23% yr/yr, supported by increased customer count and higher average subscription revenue per customer

AI INNOVATION - Co said new AI-powered features and multi-hub adoption contributed to performance, per CEO Yamini Rangan

OPERATING MARGIN EXPANSION - Non-GAAP operating margin increased to 17.8% from 14.0% in Q125

Company press release: ID:nBw69CVR9a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$881 mln
$863.29 mln (29 Analysts)
Q1 Adjusted Net Income
Beat
$143 mln
$130.15 mln (26 Analysts)
Q1 Adjusted EBIT
Beat
$156.80 mln
$145.01 mln (29 Analysts)
Q1 Adjusted EBIT Margin
17.80%
Q1 Gross Profit
$735.30 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 33 "strong buy" or "buy", 3 "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 HubSpot Inc is $323.00, about 37.4% above its May 6 closing price of $235.16

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 24 three months ago

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.)