Verisign Q2 revenue slightly beats estimates as domain name registrations grew

VeriSign

23/07/2026 21:15

    

    Overview
  
U.S. domain registry's Q2 revenue rose 6% yr/yr, slightly beating analyst expectations
Diluted EPS for Q2 increased to $2.38 from $2.21 a year earlier
Company authorized additional $884 mln for share repurchases, total buyback authorization now $1.5 bln

    

    Outlook
  
Verisign is raising its guidance for full-year 2026
Company expects to offer .web domains through its registrar channel later in 2026
Company sees continued strength in new domain name registrations

    

    Result Drivers
  
.COM AND .NET GROWTH - 5.1% yr/yr increase in .com and .net domain name registrations drove revenue growth
NEW REGISTRATIONS - 12.7 mln new .com and .net registrations in Q2, up from 10.4 mln a year earlier
HIGH RENEWAL RATE - .com and .net renewal rate rose to 76.3% from 75.5% a year earlier

    
Company press release: ID:nBw7mRW5Ga

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 Revenue
Slight Beat*
$434.60 mln
$433.21 mln (4 Analysts)
Q2 EPS
 
$2.38
 
Q2 Operating Margin
 
68.20%
 
*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 "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and 1 "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 VeriSign, Inc is $319.00, about 21.5% above its July 22 closing price of $262.59
The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 26 three months ago

    

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July 22 - WEX Q2 revenue rises, lifts 2026 outlook

    
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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.)