Intelligence platform Phunware Q2 revenue rises on contract termination

Phunware

10/08/2026 13:17

Overview
US guest intelligence platform's Q2 revenue rose 76% yr/yr, driven by early contract termination
Gross margin expanded to 69% from 41.8% in prior-year period
Net loss widened as company increased investment in product, sales, and R&D

Outlook
Company did not provide specific financial guidance for the current or future periods

Result Drivers
EARLY CONTRACT TERMINATION - Revenue increase attributed to a customer-initiated early contract termination
INCREASED INVESTMENT - Net loss widened due to continued investment in product, sales and marketing, research and development, and general and administrative initiatives
AI PRODUCT ENGAGEMENT - Company reported strong commercial momentum and engagement metrics for AI Concierge following its launch

Company press release: ID:nGNX6gsdx7

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Loss Per Share
 
$0.26
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "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 Phunware Inc is $3.00, about 40.8% above its August 7 closing price of $2.13

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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.)