Rapid7's Q2 revenue, adj EPS beat analyst estimates

Rapid7

10/08/2026 21:22

Overview
US cybersecurity operations provider's Q2 revenue declined 1.5% yr/yr but beat analyst expectations
Adjusted EPS for Q2 beat analyst expectations
Company initiated restructuring plan affecting about 12% of workforce

Outlook
Rapid7 sees Q3 revenue between $208 mln and $210 mln
Company expects full-year 2026 revenue between $837 mln and $841 mln
Rapid7 anticipates Q3 ARR of approximately $812 mln

Result Drivers
RESTRUCTURING PLAN - Co initiated restructuring to streamline operations and align resources with core platform solutions, affecting about 12% of workforce

Company press release: ID:nGNX1ck93d

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$210.88 mln
$208.25 mln (22 Analysts)
Q2 Adjusted EPS
Beat
$0.44
$0.35 (23 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 18 "hold" and 4 "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy."
Wall Street's median 12-month price target for Rapid7, Inc. is $8.00, about 30.9% below its August 7 closing price of $11.57
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 4 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.)