Weave Communications Q2 revenue slightly misses estimates

Weave Communications

06/08/2026 21:31

Overview
US healthcare SaaS platform's Q2 revenue grew 15.5% yr/yr, slightly missed analyst expectations
Non-GAAP net income for Q2 turned positive, reflecting improved operating leverage
Company launched AI Receptionist and expanded integrations with athenaOne and Elation Health

Outlook
Weave sees Q3 revenue between $68.6 mln and $69.6 mln
Company expects Q3 non-GAAP income from operations of $3.0 mln to $4.0 mln
Weave forecasts 2026 revenue of $273.0 mln to $275.0 mln

Result Drivers
PAYMENTS SEGMENT - Co said payments business accelerated at twice the pace of overall revenue
CUSTOMER GROWTH - Co reported adding the most new locations ever in a quarter
PRODUCT INNOVATION - Co launched AI Receptionist and expanded integrations with athenaOne and Elation Health

Company press release: ID:nBw3mzN98a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Slight Miss*
$67.54 mln
$67.88 mln (4 Analysts)
Q2 Loss Per Share
 
$0.05
 
Q2 Adjusted Net Income
 
$3.30 mln
 
Q2 Net Loss
 
$4.26 mln
 
Q2 Gross Profit
 
$48.65 mln
 
*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 4 "strong buy" or "buy", no "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 Weave Communications, Inc. is $9.00, about 32.4% above its August 5 closing price of $6.80
The stock recently traded at 33 times the next 12-month earnings vs. a P/E of 30 three months ago

Reuters Recommended Reads
Aug 6 - CareCloud Q2 revenue rises 16%, slightly beats estimates
Aug 6 - Privia Health Q2 revenue beats estimates, outlook raised
Aug 5 - Paycom raises annual forecast on AI-driven demand

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.)