Company to Showcase Exciting Lineup of Rigs from Customers and Brand Ambassadors, Including a Forest River Palomino Pause Travel Trailer
REDMOND, Ore., June 11, 2026 (GLOBE NEWSWIRE) -- Expion360 Inc. (Nasdaq: XPON) (“Expion360”), an industry leader in lithium-ion battery power storage solutions, today announced its participation as a Title Sponsor at Overland Expo PNW 2026 taking place June 26-28, 2026, at the Deschutes County Expo Center in Redmond, Oregon. Show hours Friday, June 26 and Saturday, June 27 are 9:00am-5:00pm Pacific time, and Sunday, June 28 9:00am-3:00pm Pacific time.
As a Title Sponsor, Expion360 will be featured prominently throughout the event and can be found at booth FG18. Visitors are invited to stop by and experience firsthand the products and technology that power some of the most capable overland builds on the road today.
Expion360 will showcase an exciting lineup of rigs from the Company's customers and brand ambassadors, offering attendees a real-world look at how Expion360 solutions perform in demanding off-road and overland environments.
Featured builds include:
Expion360 ambassador Chivas Sotelo will be on hand with his 2026 Ford F350 hosting a Four Wheel Camper Hawk Slide-In Camper, a customer build powered by 2x Expion360 EX2 240Ah Edge LiFePO4 batteries and 5x GC2 162Ah LiFePO4 batteries, delivering serious off-grid capability for the long haul.Expion360 employee Casey Inman will be showcasing his 2021 Dodge 2500 Power Wagon paired with a Four Wheel Camper Project M Topper Truck Camper, a customer build running on 2x Expion360 GC2 162Ah LiFePO4 batteries.Expion360 ambassador Andy Catts, owner of Beadlock Coffee, will be serving up fresh coffee straight from his iconic 1976 Toyota Land Cruiser FJ40, a rig running entirely on a single Expion360 EX2 240Ah LiFePO4 battery. Stop by for a cup and see how clean, reliable lithium power makes even a vintage build completely self-sufficient.Rounding out the lineup is a Forest River Palomino Pause Travel Trailer, equipped with 3x Expion360 EX1 368Ah LiFePO4 batteries, demonstrating the power and versatility of Expion360 solutions across a wide range of camping and overlanding platforms. Expion360 invites all Overland Expo PNW attendees to visit booth FG18 to meet the team, see the rigs, and learn more about what Expion360 has to offer the overland community.
About Overland Expo
Overland Expo® is the premier overlanding event series in the world—no other event offers the scope of classes taught by the world’s leading experts alongside a professional-level trade show that brings together all the camping and vehicle and motorcycle equipment and services you need to Get Outfitted. Get Trained. Get Inspired. Get Going. For more information visit overlandexpo.com.
About Expion360
Expion360 is an industry leader in premium lithium iron phosphate (LiFePO4) batteries and accessories for recreational vehicles and marine applications, with residential and industrial applications under development.
The Company’s lithium-ion batteries feature half the weight of standard lead-acid batteries while delivering three times the power and ten times the number of charging cycles. Expion360 batteries also feature better construction and reliability than other lithium-ion batteries on the market due to their superior design and quality materials. Specially reinforced, fiberglass-infused, premium ABS and solid mechanical connections help provide top performance and safety. Expion360 delivers advanced lithium battery technology that powers every adventure, every mission, for the moments that matter.
The Company is headquartered in Redmond, Oregon. Expion360 lithium-ion batteries are available today through more than 300 dealers, wholesalers, private-label customers, and OEMs across the country.
To learn more about the Company, visit expion360.com.
NEW YORK, May 18, 2026 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP reminds investors of its investigation on behalf of Azenta, Inc. (“Azenta” or the “Company”) (NASDAQ:AZTA) investors concerning the Company’s and/or members of its senior management’s possible violation of the federal securities laws or other unlawful business practices.
[LEARN MORE ABOUT THE INVESTIGATION]
What Happened?
On May 5, 2026, Azenta reported its second quarter fiscal 2026 financial results and updated its full-year outlook. Among other things, the Company disclosed that its second quarter results “fell short” of expectations, reflecting “both execution gaps and a more cautious demand environment.” Azenta further disclosed that results were impacted by “costs related to Automated Stores rework” and that the Company recorded a $149 million non-cash goodwill impairment charge during the quarter. In addition, Azenta reduced its fiscal 2026 outlook, stating that organic revenue was now expected to range from down approximately 2% to up 1%, compared to prior guidance of 3% to 5% growth. The Company also reduced its adjusted EBITDA margin outlook and announced that it was extending the timeline for its long-range plan targets from 2028 to 2029. On this news, the price of Azenta shares declined by $6.23 per share, or approximately 25%, from $24.61 per share on May 5, 2026 to close at $18.38 on May 6, 2026.
What Should I Do?
At this stage, no lawsuit has been filed. The investigation is ongoing to determine whether claims may be brought under federal securities laws.
If you purchased or otherwise acquired Azenta securities, have information, or would like to learn more about this investigation, please contact Lauren Molinaro of Kirby McInerney LLP by email at [email protected], or fill out the contact form below, to discuss your rights or interests with respect to these matters at no cost.
[LEARN MORE ABOUT SECURITES CLASS ACTIONS]
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
NEW YORK, May 19, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Azenta, Inc. (“Azenta” or the “Company”) (NASDAQ: AZTA). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Azenta and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On May 5, 2026, Azenta reported its second quarter fiscal 2026 financial results and updated its full-year outlook. Among other items, the Company disclosed that its second quarter results “fell short” of expectations, reflecting “both execution gaps and a more cautious demand environment.” Azenta further disclosed that results were impacted by “costs related to Automated Stores rework” and that the Company recorded a $149 million non-cash goodwill impairment charge during the quarter. In addition, Azenta reduced its fiscal 2026 outlook, stating that organic revenue was now expected to range from down approximately 2% to up 1%, compared to prior guidance of 3% to 5% growth. The Company also reduced its adjusted EBITDA margin outlook and announced that it was extending the timeline for its long-range plan targets from 2028 to 2029.
On this news, Azenta’s stock price fell $6.23 per share, or 25.31%, to close at $18.38 per share on May 6, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In Azenta (AZTA) To Contact Him Directly To Discuss Their Options
If you purchased or acquired stock in Azenta and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Melissa Fortunato directly at (212) 355-4648.
Click here to participate in the action.
NEW YORK, May 19, 2026 (GLOBE NEWSWIRE) --
What’s Happening:
Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Azenta, Inc. (“Azenta” or the “Company”) (NASDAQ:AZTA) on behalf of Azenta stockholders. Our investigation concerns whether Azenta has violated the federal securities laws and/or engaged in other unlawful business practices. Investigation Details:
On May 5, 2026, Azenta announced its financial results for the second quarter of fiscal 2026 and revised its full-year guidance. Among other disclosures, the Company stated that its second quarter performance “fell short” of expectations, citing “both execution gaps and a more cautious demand environment.” Azenta also disclosed that the quarter’s results were affected by “costs related to Automated Stores rework” and that it had recorded a $149 million non-cash goodwill impairment charge during the quarter. Additionally, the Company lowered its fiscal 2026 outlook, stating that it now expected organic revenue to range from a decline of approximately 2% to growth of 1%, compared to its previous guidance of 3% to 5% growth. Azenta further reduced its adjusted EBITDA margin outlook and announced that it was extending the timeline for achieving its long-range plan targets from 2028 to 2029. Following this news, Azenta’s share price fell by $6.23 per share, or approximately 25%, declining from $24.61 per share on May 5, 2026 to close at $18.38 per share on May 6, 2026. Next Steps:
If you purchased or otherwise acquired Azenta shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at [email protected], by telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you. About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, South Carolina, and California. The firm represents individual and institutional investors in securities,
derivative, and commercial litigation as well as individuals in consumer protection and data privacy litigation. The firm has a nationwide practice and routinely handles cases in both federal and state courts. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Follow us for updates on LinkedIn and Facebook, and keep up with other news by following Brandon Walker, Esq. on LinkedIn.
Azenta, Inc. reported Q2 FY 2026 results that included a $160.8 million net loss and a $149 million goodwill impairment -- erasing prior guidance and shareholder value.
, /PRNewswire/ -- Shareholders who held Azenta, Inc. (NASDAQ: AZTA) stock lost significant value when the Company disclosed Q2 FY 2026 results on May 5, 2026, revealing a $160.8 million net loss driven by a $149 million goodwill impairment charge. The Company simultaneously cut its full-year FY 2026 revenue and margin guidance -- guidance it had reaffirmed just three months earlier. Those who purchased AZTA shares and suffered a loss are encouraged to submit their information to Levi & Korsinsky . You may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
On February 4, 2026, CEO John Marotta told investors Azenta was "entering the year well positioned for continued success" and reaffirmed FY 2026 guidance of 3%-5% organic revenue growth with approximately 300 basis points of adjusted EBITDA margin expansion. On May 5, 2026, the Company reported Q2 FY 2026 results that included a $149 million goodwill impairment charge in its Multiomics segment. The resulting net loss of $160.8 million stood in stark contrast to the growth trajectory management had presented ninety days prior.
Alongside the impairment, Azenta reduced its full-year FY 2026 guidance -- trimming the revenue growth and margin expansion targets it had publicly reaffirmed in February. The gap between the Company's stated outlook and its reported results is now the subject of an investigation into potential securities law violations.
Shareholders who lost money on their AZTA investment may click here to discuss their legal rights with Levi & Korsinsky . You may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
ABOUT THE FIRM -- For over two decades, Levi & Korsinsky has represented shareholders in securities investigations and recoveries. Ranked in ISS Top 50 for seven consecutive years.
Frequently Asked Questions About the AZTA Investigation
Q: How much did AZTA stock drop? A: Azenta shares declined sharply after the Company disclosed a $149 million goodwill impairment and a $160.8 million net loss in its Q2 FY 2026 results on May 5, 2026. The Company also cut its previously reaffirmed FY 2026 guidance. Investors who purchased shares at higher prices may be eligible to participate in the investigation.
Q: Who is conducting the AZTA investigation? A: Levi & Korsinsky, LLP is investigating potential securities law violations on behalf of investors who purchased AZTA securities and suffered financial losses. The firm is nationally recognized, ranked in the ISS Top 50 for seven consecutive years, and has recovered hundreds of millions of dollars for aggrieved investors.
Q: Who is eligible to participate in the AZTA investigation? A: Investors who purchased AZTA stock or securities and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses -- not on whether you still hold the shares.
Q: What do AZTA investors need to do right now? A: Gather brokerage records including purchase dates, share quantities, and prices paid. Contact Levi & Korsinsky for a free, no-obligation evaluation at [email protected] or (212) 363-7500. No immediate action is required to remain eligible to participate in the investigation.
Q: What if I already sold my AZTA shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought AZTA and sold at a loss may still participate in the investigation.
Q: What does it cost me to participate? A: Nothing. Securities investigations and any resulting actions are handled on a pure contingency basis. No upfront fees, no retainer, no out-of-pocket costs.
Q: Do I need to go to court or give testimony? A: No. Participating in the investigation does not require court appearances or depositions. The overwhelming majority of affected investors never appear in court.
Azenta, Inc. reaffirmed 3%-5% organic revenue growth and 300 basis points of margin expansion in February 2026 -- then disclosed a $149 million goodwill impairment and slashed guidance three months later May 21, 2026 09:00 ET | Source: Levi & Korsinsky, LLP
NEW YORK, May 21, 2026 (GLOBE NEWSWIRE) -- Investors in Azenta, Inc. (NASDAQ: AZTA) suffered significant losses after the Company disclosed a $149 million goodwill impairment in its Q2 FY 2026 results on May 5, 2026, alongside a $160.8 million net loss and a substantial reduction in its full-year outlook. Shareholders who lost money on their Azenta investment are encouraged to submit their information to Levi & Korsinsky. You may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
During the Q1 2026 earnings call on February 4, 2026, CEO John Marotta told investors: "We are entering the year well positioned for continued success... I am confident in the path we are taking." On the same call, management reaffirmed full-year 2026 guidance of 3%-5% organic revenue growth and adjusted EBITDA margin expansion of approximately 300 basis points. CFO Laurence Flynn stated: "We remain confident that the strategic priorities outlined at Investor Day provide a clear roadmap to drive sustainable, profitable growth."
Three months later, on May 5, 2026, Azenta reported a $149 million goodwill impairment tied to its Multiomics segment, a $160.8 million net loss for the quarter, and reduced its FY 2026 revenue and margin guidance. The February 4 reaffirmation of full-year targets did not reference the goodwill impairment risk that was later reported in May.
If you purchased Azenta shares and suffered a loss, click here to discuss your legal rights with Levi & Korsinsky. You may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
WHY LEVI & KORSINSKY -- Ranked in ISS Securities Class Action Services' Top 50 Report for seven consecutive years, Levi & Korsinsky, LLP is a nationally recognized leader in shareholder rights litigation. With a team of over 70 professionals, the firm has recovered hundreds of millions of dollars for investors.
Frequently Asked Questions About the AZTA Investigation
Q: Who is conducting the AZTA investigation? A: Levi & Korsinsky, LLP is investigating potential securities law violations on behalf of investors who purchased AZTA securities. The firm is nationally recognized, ranked in the ISS Top 50 for seven consecutive years, and has recovered hundreds of millions of dollars for aggrieved investors.
Q: Which statements are being investigated as potentially misleading? A: The investigation concerns whether Azenta made materially false or misleading statements regarding its full-year 2026 guidance, including the reaffirmation of 3%-5% organic revenue growth and approximately 300 basis points of margin expansion, while a $149 million goodwill impairment was pending. When the impairment and guidance reduction were disclosed, the stock declined significantly.
Q: Who is eligible to participate in the AZTA investigation? A: Investors who purchased AZTA stock or securities and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses -- not on whether you still hold the shares.
Q: What do AZTA investors need to do right now? A: Gather brokerage records including purchase dates, share quantities, and prices paid. Contact Levi & Korsinsky for a free, no-obligation evaluation at [email protected] or (212) 363-7500. No immediate action is required to remain eligible to participate in the investigation.
Q: What if I already sold my AZTA shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought AZTA and sold at a loss may still participate in the investigation.
Q: What does it cost me to participate? A: Nothing. Securities investigations and any resulting actions are handled on a pure contingency basis. No upfront fees, no retainer, no out-of-pocket costs.
Q: Do I need to go to court or give testimony? A: No. Participating in the investigation does not require court appearances or depositions. If legal action is later pursued, the overwhelming majority of affected investors never appear in court either.
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Azenta, Inc. ("Azenta" or the "Company") (NASDAQ: AZTA). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Azenta and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On May 5, 2026, Azenta reported its second quarter fiscal 2026 financial results and updated its full-year outlook. Among other items, the Company disclosed that its second quarter results "fell short" of expectations, reflecting "both execution gaps and a more cautious demand environment." Azenta further disclosed that results were impacted by "costs related to Automated Stores rework" and that the Company recorded a $149 million non-cash goodwill impairment charge during the quarter. In addition, Azenta reduced its fiscal 2026 outlook, stating that organic revenue was now expected to range from down approximately 2% to up 1%, compared to prior guidance of 3% to 5% growth. The Company also reduced its adjusted EBITDA margin outlook and announced that it was extending the timeline for its long-range plan targets from 2028 to 2029.
On this news, Azenta's stock price fell $6.23 per share, or 25.31%, to close at $18.38 per share on May 6, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
, /PRNewswire/ -- Azenta, Inc. (Nasdaq: AZTA) today announced the publication of its annual Environmental, Social, & Governance ("ESG") report, demonstrating continued progress against its key ESG priorities. The report includes ESG data for the Company's fiscal year ended September 30, 2025.
The report offers a comprehensive overview of the Company's ESG approach, highlighting achievements across three core pillars:
Environmental Protection: We understand the broad scope of our operations and are committed to reducing our environmental impact while continuing to expand our business. Social Impact: We are committed to making a positive impact on society, particularly in the regions where we operate and serve our customers. Responsible Operations: Our products and services help enable our customers to have a significant positive impact on the world, and we are committed to ensuring the safety, quality, and reliability of our products and services. In 2025, we achieved key milestones in our ESG journey, including:
Disclosing our Scope 3 GHG emissions for the first time, establishing a value chain emissions baseline that sets the foundation for targeted reduction efforts and long-term climate action. Submitting near-term GHG reduction targets to the Science Based Targets initiative (SBTi) for validation, including a 45% absolute reduction in Scope 1 and 2 emissions and a 25% absolute reduction in Scope 3 emissions across key value chain categories by FY2033, from a FY2025 base year. Reducing our Scope 1 and 2 carbon footprint by approximately 40% compared to a FY2022 base year (market-based), while sourcing 72% of our electricity from renewable sources. Advancing sustainable innovation with products like the BioArc™ Ultra, providing our customers with cutting-edge solutions for large-scale, eco-friendly sample storage. Completing our second annual Global Well-being Week, offering employees programming across physical, financial, and mental well-being. Refreshing our Enterprise Risk Management (ERM) framework, with Board approval of updated risk assessment processes and clearer accountability across business units, strengthening our approach to enterprise and operational risk management. Expanding the Azenta Business System (ABS) across global operations, equipping teams with tools and capabilities to improve quality, reduce waste, and deliver better outcomes for customers. To learn more about Azenta's commitment to ESG efforts, view the report in full at https://investors.azenta.com/esg.
About Azenta Life Sciences
Azenta, Inc. (Nasdaq: AZTA) is a leading provider of life sciences solutions worldwide, enabling life science organizations around the world to bring impactful breakthroughs and therapies to market faster. Azenta provides a full suite of reliable cold-chain sample management solutions and multiomics services across areas such as drug development, clinical research and advanced cell therapies for the industry's top pharmaceutical, biotech, academic and healthcare institutions globally. Our global team delivers and supports these products and services through our industry-leading brands, including GENEWIZ, FluidX, Ziath, 4titude, Limfinity, Freezer Pro, and Barkey.
Azenta is headquartered in Burlington, MA, with operations in North America, Europe and Asia. For more information, please visit www.azenta.com.
"Safe Harbor Statement" under Section 21E of the Securities Exchange Act of 1934
This press release contains forward‑looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Forward‑looking statements are based on current assumptions, expectations, and beliefs and include, without limitation, statements regarding the Company's ESG strategy and priorities; anticipated reductions in greenhouse gas emissions, including Scope 1, 2, and 3 reduction targets; the Company's ability to source renewable energy; expectations regarding sustainable product innovation, including the BioArc™ Ultra platform; plans to expand the Azenta Business System (ABS) across global operations; and other statements that are not historical facts.
Forward‑looking statements are not guarantees of future performance, and actual results may differ materially due to a variety of risks and uncertainties. These risks include, but are not limited to: the Company's ability to achieve its greenhouse gas emission reduction targets on the anticipated timeline or at all; changes in the cost, availability, or reliability of renewable energy sources; evolving ESG‑related laws, regulations, and reporting standards, including potential changes to SEC climate disclosure rules; the availability and accuracy of data used to measure and report ESG metrics, including Scope 3 emissions; the ability to successfully implement operational improvement initiatives; changes in customer expectations regarding sustainability; general market, industry, regulatory, or economic conditions; and other factors described in the Company's filings with the Securities and Exchange Commission, including the "Risk Factors" section of the Company's most recent Annual Report on Form 10‑K and subsequent Quarterly Reports on Form 10‑Q.
Forward‑looking statements speak only as of the date of this release. Azenta undertakes no obligation to publicly update or revise any forward‑looking statements, whether as a result of new information, future developments, or otherwise, except as required by law.
LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay Wolke & Rotter LLP, a leading national shareholder rights law firm, continues its investigation on behalf of Azenta, Inc. (“Azenta” or the “Company”) (NASDAQ: AZTA) investors concerning the Company's possible violations of the federal securities laws.IF YOU ARE AN INVESTOR WHO LOST MONEY ON AZENTA, INC. (AZTA), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.What Happened?On May 5, 2026, Azenta released its second quar.
Glancy Prongay Wolke & Rotter LLP, a leading national shareholder rights law firm, continues its investigation on behalf of Azenta, Inc. (“Azenta” or the “Company”) (NASDAQ: AZTA) investors concerning the Company’s possible violations of the federal securities laws.
IF YOU ARE AN INVESTOR WHO LOST MONEY ON AZENTA, INC. (AZTA), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.
What Happened?
On May 5, 2026, Azenta released its second quarter 2026 financial results, missing consensus estimates in EPS and revenue due to “execution-related shortfalls within [the Company’s] control” as well as “a more cautious prolonged demand environment.” The Company also reported a $149 million goodwill impairment.
Additionally, Azenta reduced its 2026 outlook, stating that organic revenue was now expected to range from down approximately 2% to up 1%, compared to prior guidance of 3% to 5% growth. The Company also reduced its adjusted EBITDA margin outlook and announced that it was extending the timeline for its long-range plan targets from 2028 to 2029.
On this news, Azenta’s stock price fell $6.23, or 25.3%, to close at $18.38 per share on May 6, 2026, thereby injuring investors.
Contact Us To Participate or Learn More:
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.
Charles Linehan, Esq.
Glancy Prongay Wolke & Rotter LLP
1925 Century Park East, Suite 2100
Los Angeles, California 90067
Email: [email protected]
Telephone: 310-201-9150 (Toll-Free: 888-773-9224)
Visit our website at www.glancylaw.com.
Follow us for updates on LinkedIn, Twitter, or Facebook.
Whistleblower Notice
Persons with non-public information regarding Azenta should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email [email protected].
About Glancy Prongay Wolke & Rotter LLP
GPWR is a premier law firm with decades of experience representing investors and consumers in securities litigation and other complex class action litigation. Recognizing the firm’s recent successes, GPWR was named one of Law360’s Securities Groups of the Year and ranked second-highest in total investor recoveries by Institutional Shareholder Services Securities Class Action Services in 2025. GPWR’s lawyers have handled cases covering a wide spectrum of corporate misconduct and relating to nearly all industries and sectors. GPWR’s past successes have been widely covered by leading news and industry publications such as The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron’s, Investor’s Business Daily, Forbes, and Money. Prior results do not guarantee a similar outcome.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260522237239/en/
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz continues its investigation of Azenta, Inc. (“Azenta” or the “Company”) (NASDAQ: AZTA) on behalf of investors concerning the Company's possible violations of federal securities laws.IF YOU ARE AN INVESTOR WHO LOST MONEY ON AZENTA, INC. (AZTA), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.What Is The Investigation About?On May 5, 2026, Azenta released its second quarter 2026 financial results, missing.
The Law Offices of Frank R. Cruz continues its investigation of Azenta, Inc. (“Azenta” or the “Company”) (NASDAQ: AZTA) on behalf of investors concerning the Company’s possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO LOST MONEY ON AZENTA, INC. (AZTA), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.
What Is The Investigation About?
On May 5, 2026, Azenta released its second quarter 2026 financial results, missing consensus estimates in EPS and revenue due to “execution-related shortfalls within [the Company’s] control” as well as “a more cautious prolonged demand environment.” The Company also reported a $149 million goodwill impairment.
Additionally, Azenta reduced its 2026 outlook, stating that organic revenue was now expected to range from down approximately 2% to up 1%, compared to prior guidance of 3% to 5% growth. The Company also reduced its adjusted EBITDA margin outlook and announced that it was extending the timeline for its long-range plan targets from 2028 to 2029.
On this news, Azenta’s stock price fell $6.23, or 25.3%, to close at $18.38 per share on May 6, 2026, thereby injuring investors.
Contact Us To Participate or Learn More:
If you purchased Azenta securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
The Law Offices of Frank R. Cruz,
2121 Avenue of the Stars, Suite 800,
Century City, California 90067
Call us at: 310-914-5007
Visit our website at: www.frankcruzlaw.com.
Email us at: [email protected]
Follow us for updates on Twitter at twitter.com/FRC_LAW.
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260522116288/en/
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith continues its investigation on behalf of Azenta, Inc. (“Azenta” or the “Company”) (NASDAQ: AZTA) investors concerning the Company's possible violations of federal securities laws.IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN AZENTA, INC. (AZTA), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmi.
New York, New York--(Newsfile Corp. - May 25, 2026) - Levi & Korsinsky notifies investors that it has commenced an investigation into Azenta, Inc. (NASDAQ: AZTA) ("Azenta, Inc.") concerning potential violations of the federal securities laws.
On February 4, 2026, CEO John Marotta told investors Azenta was "entering the year well positioned for continued success" and reaffirmed FY 2026 guidance of 3%-5% organic revenue growth with approximately 300 basis points of adjusted EBITDA margin expansion. On May 5, 2026, the Company reported Q2 FY 2026 results that included a $149 million goodwill impairment charge in its Multiomics segment. The resulting net loss of $160.8 million stood in stark contrast to the growth trajectory management had presented ninety days prior.
Alongside the impairment, Azenta reduced its full-year FY 2026 guidance -- trimming the revenue growth and margin expansion targets it had publicly reaffirmed in February. The gap between the Company's stated outlook and its reported results is now the subject of an investigation into potential securities law violations.
If you suffered a loss on your Azenta, Inc. securities and would like to explore a potential recovery under the federal securities laws, Learn More About the Investigation or contact Joseph E. Levi, Esq. via email at [email protected] or call (212)363-7500 to speak to our team of experienced shareholder advocates.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004 [email protected]
Tel: (212)363-7500
Fax: (212)363-7171
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298723
NEW YORK, May 26, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Azenta, Inc. (“Azenta” or the “Company”) (NASDAQ: AZTA). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Azenta and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On May 5, 2026, Azenta reported its second quarter fiscal 2026 financial results and updated its full-year outlook. Among other items, the Company disclosed that its second quarter results “fell short” of expectations, reflecting “both execution gaps and a more cautious demand environment.” Azenta further disclosed that results were impacted by “costs related to Automated Stores rework” and that the Company recorded a $149 million non-cash goodwill impairment charge during the quarter. In addition, Azenta reduced its fiscal 2026 outlook, stating that organic revenue was now expected to range from down approximately 2% to up 1%, compared to prior guidance of 3% to 5% growth. The Company also reduced its adjusted EBITDA margin outlook and announced that it was extending the timeline for its long-range plan targets from 2028 to 2029.
On this news, Azenta’s stock price fell $6.23 per share, or 25.31%, to close at $18.38 per share on May 6, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
Azenta, Inc. reaffirmed 3%-5% organic revenue growth and 300 basis points of margin expansion in February 2026 -- then cut both targets three months later after recording a $149 million goodwill impairment.
, /PRNewswire/ -- Shareholders who purchased Azenta, Inc. (NASDAQ: AZTA) stock lost significant value after the Company slashed its FY 2026 guidance on May 5, 2026 -- reversing projections it had publicly reaffirmed just three months earlier. Those who suffered losses are encouraged to submit their information to Levi & Korsinsky. You may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
On February 4, 2026, during the Q1 FY 2026 earnings call, CEO John Marotta told investors: "We are reaffirming our guidance for fiscal 2026 with organic revenue growth expected in the range of 3% to 5%…we are also reaffirming our target of approximately 300 basis points of year-over-year adjusted EBITDA margin expansion." CFO Laurence Flynn added that the Company's strategic priorities provided "a clear road map to drive sustainable, profitable growth." Neither executive disclosed any risk of the goodwill impairment that followed.
On May 5, 2026, Azenta reported Q2 FY 2026 results that included a $149 million goodwill impairment and a $160.8 million net loss. The Company simultaneously reduced its full-year revenue and margin guidance. The gap between the February reaffirmation and the May revision raises the question of what conditions had changed -- and when management became aware of them.
If you lost money on your Azenta investment, click here to discuss your legal rights with Levi & Korsinsky. You may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
Levi & Korsinsky, LLP | Top 50 Securities Firm | (212) 363-7500 | www.zlk.com
Frequently Asked Questions About the AZTA Investigation
Q: Which statements are being investigated as potentially misleading?A: The investigation concerns whether Azenta made materially false or misleading statements regarding its FY 2026 revenue and margin guidance, including the February 2026 reaffirmation of 3%-5% organic growth and 300 basis points of margin expansion. When the Company disclosed a $149 million goodwill impairment and cut guidance on May 5, 2026, the stock declined sharply.
Q: Who is eligible to participate in the AZTA investigation?A: Investors who purchased AZTA stock or securities and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses -- not on whether you still hold the shares.
Q: What do AZTA investors need to do right now?A: Gather brokerage records including purchase dates, share quantities, and prices paid. Contact Levi & Korsinsky for a free, no-obligation evaluation at [email protected] or (212) 363-7500. No immediate action is required to remain eligible to participate in the investigation.
Q: What happens after I contact Levi & Korsinsky?A: An attorney will review your trading history at no cost and provide an initial assessment of your potential recovery.
Q: What if I already sold my AZTA shares -- can I still recover losses?A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought AZTA and sold at a loss may still participate in the investigation.
Q: What does it cost me to participate?A: Nothing. Securities investigations and any resulting actions are handled on a pure contingency basis. No upfront fees, no retainer, no out-of-pocket costs.
Q: What if I live outside the United States?A: U.S. securities fraud investigations generally cover purchases on U.S. exchanges regardless of the investor's country of residence.
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Azenta, Inc. ("Azenta" or the "Company") (NASDAQ: AZTA). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Azenta and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices
[Click here for information about joining the class action]
On May 5, 2026, Azenta reported its second quarter fiscal 2026 financial results and updated its full-year outlook. Among other items, the Company disclosed that its second quarter results "fell short" of expectations, reflecting "both execution gaps and a more cautious demand environment." Azenta further disclosed that results were impacted by "costs related to Automated Stores rework" and that the Company recorded a $149 million non-cash goodwill impairment charge during the quarter. In addition, Azenta reduced its fiscal 2026 outlook, stating that organic revenue was now expected to range from down approximately 2% to up 1%, compared to prior guidance of 3% to 5% growth. The Company also reduced its adjusted EBITDA margin outlook and announced that it was extending the timeline for its long-range plan targets from 2028 to 2029.
On this news, Azenta's stock price fell $6.23 per share, or 25.31%, to close at $18.38 per share on May 6, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
On May 28, 2026, Azenta Inc AZTA shares rose 5.4%, bringing the current price to $22.49. The stock has experienced considerable volatility, with a 52-week range between $15.93 and $41.73.
GF Value™ verdict: Currently priced at $22.49, AZTA is estimated to be 64.5% undervalued relative to its GF Value™ of $63.31.GF Score™: AZTA has a score of 72/100, indicating it is ranked as Above Average in terms of potential performance.Most notable signal: Insiders have shown confidence by purchasing $0.2 million worth of stock in the last 3 months with no selling activity reported. Is AZTA Overvalued or Undervalued? The current price of Azenta Inc AZTA at $22.49 stands in stark contrast to its GF Value™ of $63.31, suggesting a potential upside of 64.5%. This significant margin of safety presents a compelling opportunity for value-oriented investors. However, it is important to note that GF Valuation has labeled AZTA as a Possible Value Trap, indicating caution should be exercised due to potential risks associated with this valuation. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.
While the substantial undervaluation may attract interest, investors should consider the underlying financial metrics and overall market conditions that could impact the stock's future performance. The recent declines in the stock price over various timeframes, including a year-to-date decrease of 32.4% and a 1-year decline of 17.0%, suggest that there may be underlying issues or market sentiment affecting the stock's trajectory.
How Does AZTA's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 59.3x 2.6x Azenta Inc's current P/E ratio of 59.3x is significantly above its 5-year median P/E of 2.6x. This analysis suggests that the stock is trading at a historically high valuation level, which may contradict the GF Value™ verdict indicating that the stock is undervalued. The elevated P/E ratio raises concerns regarding whether the current price reflects an accurate valuation considering historical performance ratios.
What Does AZTA's GF Score™ Tell Us? Metric Rating GF Score™ 72/100 Financial Strength 7/10 Profitability 5/10 Growth 8/10 Valuation 2/10 Momentum 5/10 The GF Score™ of 72/100 indicates that Azenta Inc has a solid potential for long-term returns, particularly driven by its Growth Rank of 8/10 and Financial Strength of 7/10. However, the Valuation Rank of 2/10 highlights that the stock may currently be overvalued in relation to its intrinsic value, suggesting that while the company has strong growth potential, its current market price does not reflect this strength adequately.
What Are Insiders Doing with AZTA Stock? Insider activity at Azenta Inc has shown a bullish sentiment, with insiders purchasing $0.2 million worth of shares in the last three months and no selling activity reported. This trend suggests that those closest to the company have confidence in its future performance and intrinsic value, which can be a positive signal for potential investors. However, it is essential to consider the broader market context and financial health of the company before drawing conclusions solely based on insider transactions.
What This Means for Investors Based on the analysis, Azenta Inc AZTA is currently undervalued according to GF Value™, with a significant margin of safety relative to its intrinsic value. However, the high P/E ratio and the possible value trap status warrant caution. Investors should weigh the potential upside against the risks associated with the current valuation and market conditions.
For the complete analysis, visit the Azenta Inc AZTA stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is AZTA's GF Score™?
AZTA has a GF Score™ of 72/100, indicating it is ranked as Above Average in potential performance relative to other stocks.
Is AZTA overvalued or undervalued?
According to GF Value™, AZTA is currently undervalued, with a significant margin of safety of 64.5% compared to its estimated fair value.
What is AZTA's P/E ratio?
AZTA's current P/E ratio is 59.3x, which is substantially higher than its 5-year median P/E of 2.6x, indicating the stock is trading at a much higher valuation compared to its historical performance.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
NEW YORK, June 02, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Azenta, Inc. (“Azenta” or the “Company”) (NASDAQ: AZTA). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Azenta and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On May 5, 2026, Azenta reported its second quarter fiscal 2026 financial results and updated its full-year outlook. Among other items, the Company disclosed that its second quarter results “fell short” of expectations, reflecting “both execution gaps and a more cautious demand environment.” Azenta further disclosed that results were impacted by “costs related to Automated Stores rework” and that the Company recorded a $149 million non-cash goodwill impairment charge during the quarter. In addition, Azenta reduced its fiscal 2026 outlook, stating that organic revenue was now expected to range from down approximately 2% to up 1%, compared to prior guidance of 3% to 5% growth. The Company also reduced its adjusted EBITDA margin outlook and announced that it was extending the timeline for its long-range plan targets from 2028 to 2029.
On this news, Azenta’s stock price fell $6.23 per share, or 25.31%, to close at $18.38 per share on May 6, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Azenta, Inc. ("Azenta" or the "Company") (NASDAQ: AZTA). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Azenta and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On May 5, 2026, Azenta reported its second quarter fiscal 2026 financial results and updated its full-year outlook. Among other items, the Company disclosed that its second quarter results "fell short" of expectations, reflecting "both execution gaps and a more cautious demand environment." Azenta further disclosed that results were impacted by "costs related to Automated Stores rework" and that the Company recorded a $149 million non-cash goodwill impairment charge during the quarter. In addition, Azenta reduced its fiscal 2026 outlook, stating that organic revenue was now expected to range from down approximately 2% to up 1%, compared to prior guidance of 3% to 5% growth. The Company also reduced its adjusted EBITDA margin outlook and announced that it was extending the timeline for its long-range plan targets from 2028 to 2029.
On this news, Azenta's stock price fell $6.23 per share, or 25.31%, to close at $18.38 per share on May 6, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
Nordea Investment Management AB trimmed its stake in SPS Commerce, Inc. (NASDAQ: SPSC) by 5.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,216,642 shares of the software maker's stock after selling 75,414 shares during the quarter. Nordea Investment Management AB owned approximately 3.23% of
Assenagon Asset Management S.A. decreased its holdings in shares of SPS Commerce, Inc. (NASDAQ:SPSC – Free Report) by 23.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,987 shares of the software maker’s stock after selling 11,162 shares during the quarter. Assenagon Asset Management S.A. owned 0.10% of SPS Commerce worth $3,297,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently bought and sold shares of the company. NewEdge Advisors LLC grew its stake in SPS Commerce by 545.7% during the 1st quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock valued at $30,000 after acquiring an additional 191 shares in the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of SPS Commerce during the third quarter worth approximately $28,000. Advisory Services Network LLC acquired a new stake in shares of SPS Commerce during the third quarter worth approximately $32,000. Advisors Asset Management Inc. grew its position in SPS Commerce by 39.9% during the first quarter. Advisors Asset Management Inc. now owns 393 shares of the software maker’s stock valued at $52,000 after purchasing an additional 112 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd purchased a new position in SPS Commerce during the third quarter valued at approximately $48,000. 98.96% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at SPS Commerce In other SPS Commerce news, Director Marty M. Reaume sold 1,732 shares of the firm’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $92.26, for a total transaction of $159,794.32. Following the transaction, the director directly owned 9,158 shares in the company, valued at $844,917.08. This trade represents a 15.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kimberly K. Nelson sold 6,300 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $58.66, for a total value of $369,558.00. Following the completion of the sale, the chief financial officer directly owned 145,452 shares of the company’s stock, valued at $8,532,214.32. This represents a 4.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 24,834 shares of company stock valued at $1,527,223. Corporate insiders own 0.98% of the company’s stock.
SPS Commerce Price Performance NASDAQ SPSC opened at $54.49 on Monday. The stock has a market capitalization of $2.04 billion, a PE ratio of 22.24 and a beta of 0.63. The company has a 50 day moving average price of $68.52 and a two-hundred day moving average price of $85.45. SPS Commerce, Inc. has a 12-month low of $52.56 and a 12-month high of $153.16.
SPS Commerce (NASDAQ:SPSC – Get Free Report) last announced its quarterly earnings results on Thursday, February 12th. The software maker reported $1.14 EPS for the quarter, topping the consensus estimate of $1.00 by $0.14. SPS Commerce had a net margin of 12.42% and a return on equity of 12.73%. The company had revenue of $192.65 million for the quarter, compared to analyst estimates of $193.60 million. During the same quarter in the prior year, the business posted $0.89 EPS. SPS Commerce’s quarterly revenue was up 12.7% on a year-over-year basis. SPS Commerce has set its FY 2026 guidance at 4.420-4.500 EPS and its Q1 2026 guidance at 0.950-0.990 EPS. As a group, equities analysts anticipate that SPS Commerce, Inc. will post 2.73 EPS for the current year.
Wall Street Analysts Forecast Growth A number of equities research analysts have issued reports on the stock. Morgan Stanley set a $95.00 target price on shares of SPS Commerce in a research report on Friday, February 13th. Stifel Nicolaus set a $65.00 price target on shares of SPS Commerce and gave the company a “hold” rating in a report on Friday, February 13th. Wall Street Zen raised shares of SPS Commerce from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. Weiss Ratings reissued a “sell (d+)” rating on shares of SPS Commerce in a research report on Thursday, January 22nd. Finally, DA Davidson lowered their target price on SPS Commerce from $80.00 to $65.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $87.40.
Read Our Latest Stock Report on SPS Commerce
SPS Commerce Profile (Free Report)
SPS Commerce, Inc is a leading provider of cloud-based supply chain management solutions that enable seamless collaboration between retailers, suppliers and logistics providers. Through its robust network, SPS Commerce connects trading partners with electronic data interchange (EDI) capabilities, helping businesses automate order processing, inventory management and fulfillment workflows. The company’s platform ensures data accuracy, accelerates order-to-cash cycles and reduces manual intervention, supporting a wide range of industries including retail, grocery, consumer goods and automotive.
The company offers a suite of services encompassing EDI, retail-ready compliance, order management and data analytics.
Read More Five stocks we like better than SPS Commerce
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Allspring Global Investments Holdings LLC boosted its position in SPS Commerce, Inc. (NASDAQ:SPSC – Free Report) by 13.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,950 shares of the software maker’s stock after purchasing an additional 12,506 shares during the period. Allspring Global Investments Holdings LLC owned 0.28% of SPS Commerce worth $9,314,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. raised its holdings in SPS Commerce by 39.9% in the 1st quarter. Advisors Asset Management Inc. now owns 393 shares of the software maker’s stock valued at $52,000 after buying an additional 112 shares during the last quarter. Benjamin Edwards Inc. grew its holdings in SPS Commerce by 4.0% during the 3rd quarter. Benjamin Edwards Inc. now owns 3,087 shares of the software maker’s stock worth $321,000 after acquiring an additional 120 shares during the last quarter. Park Place Capital Corp grew its holdings in SPS Commerce by 29.7% during the 4th quarter. Park Place Capital Corp now owns 564 shares of the software maker’s stock worth $50,000 after acquiring an additional 129 shares during the last quarter. Arizona State Retirement System raised its stake in shares of SPS Commerce by 1.3% during the third quarter. Arizona State Retirement System now owns 11,226 shares of the software maker’s stock valued at $1,169,000 after acquiring an additional 140 shares during the last quarter. Finally, Inspire Advisors LLC raised its stake in shares of SPS Commerce by 3.2% during the third quarter. Inspire Advisors LLC now owns 4,795 shares of the software maker’s stock valued at $499,000 after acquiring an additional 149 shares during the last quarter. 98.96% of the stock is currently owned by institutional investors.
Insiders Place Their Bets In other news, EVP Jamie Thingelstad sold 2,418 shares of SPS Commerce stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $54.94, for a total value of $132,844.92. Following the completion of the sale, the executive vice president owned 56,344 shares in the company, valued at $3,095,539.36. The trade was a 4.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Chadwick Collins sold 13,384 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $58.66, for a total transaction of $785,105.44. Following the transaction, the chief executive officer owned 72,241 shares in the company, valued at $4,237,657.06. The trade was a 15.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 24,834 shares of company stock valued at $1,527,223 over the last 90 days. 0.98% of the stock is currently owned by corporate insiders.
SPS Commerce Stock Performance SPSC stock opened at $56.08 on Monday. The firm has a market cap of $2.10 billion, a PE ratio of 22.89 and a beta of 0.62. The stock has a 50-day moving average price of $65.04 and a 200-day moving average price of $83.62. SPS Commerce, Inc. has a 1-year low of $52.56 and a 1-year high of $153.16.
SPS Commerce (NASDAQ:SPSC – Get Free Report) last announced its earnings results on Thursday, February 12th. The software maker reported $1.14 EPS for the quarter, beating the consensus estimate of $1.00 by $0.14. The company had revenue of $192.65 million for the quarter, compared to analyst estimates of $193.60 million. SPS Commerce had a return on equity of 12.73% and a net margin of 12.42%.The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.89 EPS. SPS Commerce has set its FY 2026 guidance at 4.420-4.500 EPS and its Q1 2026 guidance at 0.950-0.990 EPS. On average, analysts forecast that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.
Wall Street Analyst Weigh In A number of analysts recently weighed in on SPSC shares. Cantor Fitzgerald set a $70.00 price objective on SPS Commerce in a report on Friday, February 13th. Citigroup reaffirmed a “buy” rating and set a $84.00 target price (down from $110.00) on shares of SPS Commerce in a report on Friday, February 13th. Robert W. Baird set a $86.00 price target on SPS Commerce in a research report on Friday, February 13th. Morgan Stanley set a $95.00 price target on SPS Commerce in a research note on Friday, February 13th. Finally, DA Davidson lowered their price objective on SPS Commerce from $80.00 to $65.00 and set a “neutral” rating for the company in a research report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $87.40.
Get Our Latest Stock Analysis on SPSC
SPS Commerce Company Profile (Free Report)
SPS Commerce, Inc is a leading provider of cloud-based supply chain management solutions that enable seamless collaboration between retailers, suppliers and logistics providers. Through its robust network, SPS Commerce connects trading partners with electronic data interchange (EDI) capabilities, helping businesses automate order processing, inventory management and fulfillment workflows. The company’s platform ensures data accuracy, accelerates order-to-cash cycles and reduces manual intervention, supporting a wide range of industries including retail, grocery, consumer goods and automotive.
The company offers a suite of services encompassing EDI, retail-ready compliance, order management and data analytics.
Recommended Stories Five stocks we like better than SPS Commerce Want to see what other hedge funds are holding SPSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPS Commerce, Inc. (NASDAQ:SPSC – Free Report).
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Shares of SPS Commerce, Inc. (NASDAQ:SPSC – Get Free Report) have been assigned a consensus recommendation of “Hold” from the eleven analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $84.9091.
Several brokerages have commented on SPSC. Craig Hallum lowered SPS Commerce from a “buy” rating to a “hold” rating and set a $70.00 price target for the company. in a research note on Friday, February 13th. Stifel Nicolaus set a $65.00 price target on SPS Commerce and gave the stock a “hold” rating in a research note on Friday, February 13th. Morgan Stanley set a $95.00 price target on SPS Commerce in a research note on Friday, February 13th. Robert W. Baird set a $86.00 price target on SPS Commerce in a research note on Friday, February 13th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of SPS Commerce in a research note on Thursday, January 22nd.
View Our Latest Report on SPS Commerce
Insider Transactions at SPS Commerce In other SPS Commerce news, CFO Kimberly K. Nelson sold 6,300 shares of the company’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $58.66, for a total transaction of $369,558.00. Following the completion of the sale, the chief financial officer directly owned 145,452 shares in the company, valued at $8,532,214.32. This represents a 4.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Jamie Thingelstad sold 2,418 shares of the company’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $54.94, for a total value of $132,844.92. Following the sale, the executive vice president owned 56,344 shares of the company’s stock, valued at $3,095,539.36. This represents a 4.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 24,102 shares of company stock valued at $1,425,328. Insiders own 0.98% of the company’s stock.
Institutional Investors Weigh In On SPS Commerce A number of large investors have recently modified their holdings of SPSC. UBS Group AG grew its stake in shares of SPS Commerce by 182.3% in the fourth quarter. UBS Group AG now owns 1,295,267 shares of the software maker’s stock valued at $115,447,000 after buying an additional 836,407 shares in the last quarter. Norges Bank acquired a new stake in shares of SPS Commerce in the fourth quarter valued at about $49,883,000. Van Berkom & Associates Inc. acquired a new stake in shares of SPS Commerce in the third quarter valued at about $51,878,000. Irenic Capital Management LP acquired a new stake in shares of SPS Commerce in the fourth quarter valued at about $40,293,000. Finally, Disciplined Growth Investors Inc. MN grew its stake in shares of SPS Commerce by 86.4% in the third quarter. Disciplined Growth Investors Inc. MN now owns 792,472 shares of the software maker’s stock valued at $82,528,000 after buying an additional 367,346 shares in the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.
SPS Commerce Stock Performance NASDAQ SPSC opened at $54.65 on Monday. The business’s 50-day moving average price is $57.51 and its 200 day moving average price is $78.25. SPS Commerce has a twelve month low of $50.55 and a twelve month high of $153.16. The company has a market capitalization of $2.02 billion, a PE ratio of 22.31 and a beta of 0.62.
SPS Commerce (NASDAQ:SPSC – Get Free Report) last released its earnings results on Thursday, February 12th. The software maker reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.14. SPS Commerce had a return on equity of 12.73% and a net margin of 12.42%.The firm had revenue of $192.65 million for the quarter, compared to the consensus estimate of $193.60 million. During the same period in the prior year, the business posted $0.89 earnings per share. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. SPS Commerce has set its FY 2026 guidance at 4.420-4.500 EPS and its Q1 2026 guidance at 0.950-0.990 EPS. Equities analysts predict that SPS Commerce will post 3.25 EPS for the current year.
About SPS Commerce (Get Free Report)
SPS Commerce, Inc is a leading provider of cloud-based supply chain management solutions that enable seamless collaboration between retailers, suppliers and logistics providers. Through its robust network, SPS Commerce connects trading partners with electronic data interchange (EDI) capabilities, helping businesses automate order processing, inventory management and fulfillment workflows. The company’s platform ensures data accuracy, accelerates order-to-cash cycles and reduces manual intervention, supporting a wide range of industries including retail, grocery, consumer goods and automotive.
The company offers a suite of services encompassing EDI, retail-ready compliance, order management and data analytics.
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On April 24, 2026, Conestoga Capital Advisors, LLC disclosed a major sale of SPS Commerce (SPSC 1.03%) shares, reducing its stake by 634,534 shares in a transaction estimated at $45.72 million based on the quarterly average price.
What happenedAccording to an SEC filing dated April 24, 2026, Conestoga Capital Advisors, LLC sold 634,534 shares of SPS Commerce, with an estimated transaction value of $45.72 million based on average closing prices during the quarter. The quarter-end valuation of the SPS Commerce stake decreased by $56.83 million, reflecting both the share sale and price movements during the period.
What else to knowThis transaction reduced SPS Commerce’s share of 13F AUM to approximately 0.01% as of March 31, 2026.
Top holdings after the filing:
RBC: $233.17 million (4.7% of AUM)CWST: $222.51 million (4.4% of AUM)BCPC: $212.05 million (4.2% of AUM)FSV: $195.29 million (3.9% of AUM)ROAD: $183.80 million (3.7% of AUM)As of April 23, 2026, shares were priced at $53.32, down 59.8% over the past year and have underperformed the S&P 500 by 92.0 percentage points.
The fund reported 113 positions and $5.01 billion in U.S. equity AUM at the end of the first quarter (the three months ending on March 31, 2026).
Company overviewMetricValuePrice (as of market close April 23, 2026)$53.32Market capitalization$2.04 billionRevenue (TTM)$751.50 millionNet income (TTM)$93.34 millionCompany snapshotProvides cloud-based supply chain management solutions, including fulfillment automation, analytics, and vendor onboarding productsOperates a recurring revenue model by delivering SaaS-based services that automate and optimize supply chain processes for trading partnersServes retailers, suppliers, grocers, distributors, and logistics firms seeking to enhance order management and supply chain visibilitySPS Commerce is a leading provider of cloud-based supply chain management software, supporting over 2,700 employees and a global customer base. The company leverages its SaaS platform to automate and streamline omnichannel order fulfillment and trading partner communications. Its solutions help businesses improve operational efficiency and compliance, positioning SPS Commerce as a key technology partner in the evolving retail and distribution landscape.
What this transaction means for investorsConestoga Capital Advisors, an independent investment management firm based in Pennsylvania, recently disclosed the sale of approximately $45.7 million worth of SPS Commerce (SPSC) stock during the first quarter (the three months ending on March 31, 2026). Here are some key takeaways for investors.
SPSC stock has suffered over the last 18 months. During that time, shares have declined by about 71%, registering a compound annual growth rate (CAGR) of -56%. Clearly, the stock has gotten caught up in the market-wide software stock sell-off.
At any rate, SPSC continues to deliver revenue growth. Its top line has increased from $492 in 12-month revenue in 2023 to around $750 today, reflecting solid growth. In addition, the company is investing in an agentic artificial intelligence (AI) platform.
Turning to valuation, the stock has a price-to-sales (P/S) ratio of 2.8x. That’s the lowest in more than a decade and near an all-time low of 2.4x registered way back in 2010.
In summary, investors willing to value-shop in the software stock sector may want to consider SPSC given its newfound affordability and resilient revenue growth.
First quarter 2026 revenue grew 6% and recurring revenue grew 7% from the first quarter of 2025 April 30, 2026 16:05 ET | Source: SPS Commerce, Inc.
MINNEAPOLIS, April 30, 2026 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ: SPSC), the leading intelligent supply chain network, today announced financial results for the first quarter ended March 31, 2026.
Financial Highlights
First Quarter 2026 Financial Highlights
Revenue was $192.1 million in the first quarter of 2026, compared to $181.5 million in the first quarter of 2025, reflecting 6% growth.Recurring revenue grew 7% from the first quarter of 2025.Net income was $19.7 million or $0.53 per diluted share, compared to net income of $22.2 million or $0.58 per diluted share in the first quarter of 2025.Non-GAAP income per diluted share was $1.10, compared to non-GAAP income per diluted share of $1.00 in the first quarter of 2025.Adjusted EBITDA for the first quarter of 2026 increased 7% to $57.9 million compared to the first quarter of 2025.Share repurchases in the first quarter of 2026 totaled $47.1 million. “SPS Commerce delivered a solid performance this quarter, led by growth of our core business and momentum in cross-selling across our customer base,” said Chad Collins, CEO of SPS Commerce. “To further empower our customers, we are excited by the launch of MAX, our new set of AI capabilities. Embedded into existing supply chain workflows and powered by proprietary network data, MAX guides customer connections to support the success of their trading relationships.”
“SPS Commerce’s core business fundamentals remain strong. We are focused on driving margin expansion through operating leverage and AI-driven efficiencies,” said Joe Del Preto, CFO of SPS Commerce. “With a large addressable market, a clear path to scale, and disciplined capital allocation, SPS is well positioned to deliver balanced growth and long-term shareholder value.”
Guidance
Second Quarter 2026 Guidance
Revenue is expected to be in the range of $194.5 million to $196.5 million, representing 4% to 5% year-over-year growth.Net income per diluted share is expected to be in the range of $0.53 to $0.56, with fully diluted weighted average shares outstanding of 37.3 million shares.Non-GAAP income per diluted share is expected to be in the range of $1.06 to $1.09.Adjusted EBITDA is expected to be in the range of $60.9 million to $62.4 million.Non-cash, share-based compensation expense is expected to be $19.0 million, depreciation expense is expected to be $5.2 million, and amortization expense is expected to be $9.4 million. Fiscal Year 2026 Guidance
Revenue is expected to be in the range of $796.0 million to $802.0 million, representing 6% to 7% growth over 2025.Net income per diluted share is expected to be in the range of $2.66 to $2.69, with fully diluted weighted average shares outstanding of 37.3 million shares.Non-GAAP income per diluted share is expected to be in the range of $4.73 to $4.76.Adjusted EBITDA is expected to be in the range of $262.8 million to $267.3 million, representing 14% to 16% growth over 2025.Non-cash, share-based compensation expense is expected to be $69.8 million, depreciation expense is expected to be $23.0 million, and amortization expense is expected to be $37.4 million. The forward-looking measures and the underlying assumptions involve significant known and unknown risks and uncertainties, and actual results may vary materially. The Company does not present a reconciliation of the forward-looking non-GAAP financial measures, including Adjusted EBITDA, Adjusted EBITDA margin, and non-GAAP income per share, to the most directly comparable GAAP financial measures because it is impractical to forecast certain items without unreasonable efforts due to the uncertainty and inherent difficulty of predicting, within a reasonable range, the occurrence and financial impact of and the periods in which such items may be recognized.
Quarterly Conference Call
To access the call, please dial 1-833-816-1382, or outside the U.S. 1-412-317-0475 at least 15 minutes prior to the 3:30 p.m. CT start time. Please ask to join the SPS Commerce Q1 2026 conference call. A live webcast of the call will also be available at http://investors.spscommerce.com under the Events and Presentations menu. The replay will also be available on our website at http://investors.spscommerce.com.
About SPS Commerce
SPS Commerce is the leading intelligent supply chain network, connecting trading partners around the globe to optimize supply chain operations for all retail partners. We support data-driven partnerships with innovative cloud technology, customer-obsessed service, and accessible experts so our customers can focus on what they do best. Over 50,000 recurring revenue customers in retail, grocery, distribution, supply, manufacturing, and logistics are using SPS as their retail network. SPS is headquartered in Minneapolis. For additional information, contact SPS at 866-245-8100 or visit www.spscommerce.com.
SPS COMMERCE, SPS, SPS logo and INFINITE RETAIL POWER are marks of SPS Commerce, Inc. and registered in the U.S. Patent and Trademark Office, along with other SPS marks. Such marks may also be registered or otherwise protected in other countries.
SPS-F
Use of Non-GAAP Financial Measures
To supplement our condensed consolidated financial statements, we provide investors with Adjusted EBITDA, Adjusted EBITDA Margin, and non-GAAP income per share, all of which are non-GAAP financial measures. We believe that these non-GAAP financial measures provide useful information to our management, Board of Directors, and investors regarding certain financial and business trends relating to our financial condition and results of operations.
Our management uses these non-GAAP financial measures to compare our performance to that of prior periods for trend analyses and planning purposes. Adjusted EBITDA is also used for purposes of determining executive and senior management incentive compensation. We believe these non-GAAP financial measures are useful to an investor as they are widely used in evaluating operating performance. Adjusted EBITDA and Adjusted EBITDA Margin are used to measure operating performance without regard to items such as depreciation and amortization, which can vary depending upon accounting methods and the book value of assets, and to present a meaningful measure of corporate performance exclusive of capital structure and the method by which assets were acquired.
These non-GAAP financial measures should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP. These non-GAAP financial measures exclude significant expenses and income that are required by GAAP to be recorded in our condensed consolidated financial statements and are subject to inherent limitations. Investors should review the reconciliations of non-GAAP financial measures to the comparable GAAP financial measures that are included in this press release.
Adjusted EBITDA Measures:
Adjusted EBITDA consists of net income adjusted for income tax expense, depreciation and amortization expense, stock-based compensation expense, realized gain from investments and foreign currency transactions, investment income, and other adjustments as necessary for a fair presentation. Other adjustments for the three months ended March 31, 2026, included the expense impact from disposals of other equipment. Net income is the most directly comparable GAAP measure of financial performance
Adjusted EBITDA Margin consists of Adjusted EBITDA divided by revenue. Margin, the comparable GAAP measure of financial performance, consists of net income divided by revenue.
Non-GAAP Income Per Share Measure:
Non-GAAP income per share consists of net income adjusted for stock-based compensation expense, amortization expense related to intangible assets, realized gain from investments and foreign currency transactions, other adjustments as necessary for a fair presentation, including for the three months ended March 31, 2026, the expense impact from disposals of other equipment, and the corresponding tax impacts of the adjustments to net income, divided by the weighted average number of shares of common and diluted stock outstanding during each period. Net income per share, the most directly comparable GAAP measure of financial performance, consists of net income divided by the weighted average number of shares of common and diluted stock outstanding during each period. To quantify the tax effects, we recalculated income tax expense excluding the direct book and tax effects of the specific items constituting the non-GAAP adjustments. The difference between this recalculated income tax expense and GAAP income tax expense is presented as the income tax effect of the non-GAAP adjustments.
Forward-Looking Statements
This press release may contain forward-looking statements, including information about management's view of SPS Commerce's future expectations, plans and prospects, including our views regarding future execution within our business, the opportunity we see in the retail supply chain world and our performance for the second quarter and full year of 2026, within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors which may cause the results of SPS Commerce to be materially different than those expressed or implied in such statements. Certain of these risk factors and others are included in documents SPS Commerce files with the Securities and Exchange Commission, including but not limited to, SPS Commerce's Annual Report on Form 10-K for the year ended December 31, 2025, as well as subsequent reports filed with the Securities and Exchange Commission. Other unknown or unpredictable factors also could have material adverse effects on SPS Commerce's future results. The forward-looking statements included in this press release are made only as of the date hereof. SPS Commerce cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, SPS Commerce expressly disclaims any intent or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
SPS COMMERCE, INC.
CONSOLIDATED BALANCE SHEETS
(Unaudited; In thousands, except shares) March 31,
2026 December 31,
2025ASSETS Current assets Cash and cash equivalents$154,271 $151,355 Accounts receivable 72,003 75,295 Allowance for credit losses (6,897) (7,129) Accounts receivable, net 65,106 68,166 Deferred costs 65,906 66,693 Other assets 43,457 49,090 Total current assets 328,740 335,304 Property and equipment, net 46,154 43,117 Operating lease right-of-use assets 4,856 5,025 Goodwill 540,836 541,719 Intangible assets, net 206,069 215,815 Other assets Deferred costs, non-current 20,294 20,719 Deferred income tax assets 511 493 Other assets, non-current 13,748 7,667 Total assets$1,161,208 $1,169,859 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities Accounts payable$14,468 $13,757 Accrued compensation 42,647 47,577 Accrued expenses 15,535 13,074 Deferred revenue 80,382 75,590 Operating lease liabilities 1,918 4,353 Total current liabilities 154,950 154,351 Other liabilities Deferred revenue, non-current 5,318 5,288 Operating lease liabilities, non-current 4,700 2,839 Deferred income tax liabilities 33,801 33,201 Other liabilities, non-current 279 287 Total liabilities 199,048 195,966 Commitments and contingencies Stockholders' equity Common stock 40 40 Treasury stock (226,903) (177,949)Additional paid-in capital 741,544 722,737 Retained earnings 449,167 429,438 Accumulated other comprehensive loss (1,688) (373) Total stockholders’ equity 962,160 973,893 Total liabilities and stockholders’ equity$1,161,208 $1,169,859 SPS COMMERCE, INC.
CONSOLIDATED STATEMENTS OF INCOME
(Unaudited; in thousands, except per share amounts) Three Months Ended
March 31, 2026 2025Revenues$192,121 $181,549Cost of revenues 59,217 56,914Gross profit 132,904 124,635Operating expenses Sales and marketing 44,734 41,634Research and development 17,917 17,439General and administrative 36,374 31,018Amortization of intangible assets 9,320 8,588 Total operating expenses 108,345 98,679Income from operations 24,559 25,956Other income, net 1,405 2,207Income before income taxes 25,964 28,163Income tax expense 6,235 5,967Net income$19,729 $22,196 Net income per share Basic$0.53 $0.58Diluted$0.53 $0.58 Weighted average common shares used to compute net income per share Basic 37,379 37,990Diluted 37,442 38,163 SPS COMMERCE, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited; in thousands) Three Months Ended
March 31, 2026 2025 Cash flows from operating activities Net income$19,729 $22,196 Reconciliation of net income to net cash provided by operating activities Deferred income taxes 713 (4,418)Depreciation and amortization of property and equipment 5,834 4,957 Amortization of intangible assets 9,320 8,588 Provision for credit losses 1,973 1,822 Stock-based compensation 18,073 13,867 Other, net (242) 168 Changes in assets and liabilities, net of effects of acquisitions Accounts receivable 1,103 (7,443) Deferred costs 1,265 (1,247) Other assets and liabilities (715) 1,174 Accounts payable (792) 1,677 Accrued compensation (5,988) (7,948) Accrued expenses 893 3,868 Deferred revenue 4,873 3,160 Operating leases (410) (438)Net cash provided by operating activities 55,629 39,983 Cash flows from investing activities Purchases of property and equipment (7,140) (6,150)Acquisition of business, net — (141,636)Net cash used in investing activities (7,140) (147,786)Cash flows from financing activities Repurchases of common stock (47,124) (40,000)Net proceeds from exercise of options to purchase common stock 743 635 Net proceeds from employee stock purchase plan activity 520 411 Net cash used in financing activities (45,861) (38,954)Effect of foreign currency exchange rate changes 288 661 Net increase (decrease) in cash and cash equivalents 2,916 (146,096)Cash and cash equivalents at beginning of period 151,355 241,017 Cash and cash equivalents at end of period$154,271 $94,921 SPS COMMERCE, INC.
NON-GAAP RECONCILIATIONS
(Unaudited; in thousands, except Margin, Adjusted EBITDA Margin, and per share amounts)
Adjusted EBITDA Three Months Ended March 31, 2026 2025 Net income$19,729 $22,196 Income tax expense 6,235 5,967 Depreciation and amortization of property and equipment 5,834 4,957 Amortization of intangible assets 9,320 8,588 Stock-based compensation expense 18,073 13,867 Realized gain from investments and foreign currency transactions (120) (366)Investment income (1,151) (1,849)Other 11 1,013 Adjusted EBITDA$57,931 $54,373 Adjusted EBITDA Margin Three Months Ended March 31, 2026 2025 Revenue$192,121 $181,549 Net income 19,729 22,196 Margin 10% 12% Adjusted EBITDA 57,931 54,373 Adjusted EBITDA Margin 30% 30% Non-GAAP Income per Share Three Months Ended March 31, 2026 2025 Net income$19,729 $22,196 Stock-based compensation expense 18,073 13,867 Amortization of intangible assets 9,320 8,588 Realized gain from investments and foreign currency transactions (120) (366)Other 11 1,013 Income tax effects of adjustments (5,879) (7,285)Non-GAAP income$41,134 $38,013 Shares used to compute net income and non-GAAP income per share Basic 37,379 37,990 Diluted 37,442 38,163 Net income per share, basic$0.53 $0.58 Non-GAAP adjustments to net income per share, basic 0.57 0.42 Non-GAAP income per share, basic$1.10 $1.00 Net income per share, diluted$0.53 $0.58 Non-GAAP adjustments to net income per share, diluted 0.57 0.42 Non-GAAP income per share, diluted$1.10 $1.00
The annual per share amounts may not cross-sum due to rounding.
Contact:
Investor Relations
The Blueshirt Group
Irmina Blaszczyk [email protected]
SPS Commerce (SPSC - Free Report) came out with quarterly earnings of $1.1 per share, beating the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $1 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +13.64%. A quarter ago, it was expected that this provider of supply chain software services to businesses would post earnings of $1 per share when it actually produced earnings of $1.14, delivering a surprise of +14%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
SPS Commerce, which belongs to the Zacks Business - Services industry, posted revenues of $192.12 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 0.11%. This compares to year-ago revenues of $181.55 million. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
SPS Commerce shares have lost about 38.1% since the beginning of the year versus the S&P 500's gain of 4.2%.
What's Next for SPS Commerce?While SPS Commerce has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for SPS Commerce was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.11 on $198.41 million in revenues for the coming quarter and $4.47 on $801.91 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Business - Services is currently in the bottom 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, UL Solutions Inc. (ULS - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on May 5.
This company is expected to post quarterly earnings of $0.42 per share in its upcoming report, which represents a year-over-year change of +13.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
UL Solutions Inc.'s revenues are expected to be $746.85 million, up 5.9% from the year-ago quarter.
The mean of analysts' price targets for SPS Commerce (SPSC) points to a 27.4% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
The mean of analysts' price targets for SPS Commerce (SPSC) points to a 32.4% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
May 26, 2026 16:07 ET | Source: SPS Commerce, Inc.
MINNEAPOLIS, May 26, 2026 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ: SPSC), the leading intelligent supply chain network, today announced that management will present at the William Blair 46th Annual Growth Stock Conference on Tuesday, June 2, 2026, at 8:40 AM C.T.
A webcast of the presentation will be available on the company’s investor relations website at http://investors.spscommerce.com/events.
About SPS Commerce
SPS Commerce is the leading intelligent supply chain network, connecting trading partners around the globe to optimize supply chain operations for all retail partners. We support data-driven partnerships with innovative cloud technology, customer-obsessed service, and accessible experts so our customers can focus on what they do best. Over 50,000 recurring revenue customers in retail, grocery, distribution, supply, manufacturing, and logistics are using SPS as their retail network. SPS is headquartered in Minneapolis. For additional information, contact SPS at 866-245-8100 or visit www.spscommerce.com.
SPS COMMERCE, SPS, SPS logo and INFINITE RETAIL POWER are marks of SPS Commerce, Inc. and registered in the U.S. Patent and Trademark Office, along with other SPS marks. Such marks may also be registered or otherwise protected in other countries.
Contact:
Investor Relations
The Blueshirt Group
Irmina Blaszczyk [email protected]
Credo expects more than $600 million of optical revenue in FY2027, accelerating its transition beyond traditional AEC products. Fiscal 2026 revenue surged 206% to $1.34 billion while non-GAAP net income increased more than fivefold. Management guided for over 80% revenue growth in FY2027 while maintaining gross margins between 67% and 69%.
Credo Technology delivered 206% YoY revenue growth to $1.335B, driven by massive copper cable deployments for AI data center clusters. Growth is normalizing, with Q1 guidance at +7% QoQ; optics are expected to accelerate from H2 FY27, targeting $600M+ in FY27 optics revenue. Non-GAAP operating margin surged from 8.5% to 48%, but margin compression is expected as optics, a lower-margin business, becomes a larger revenue contributor.
Credo Technology is rated buy, with a $295 price target and >37% upside, driven by robust growth and expanding optical offerings. Q4 revenues surged 157% YoY to $437M, with gross margin at 68.3% and non-GAAP operating margin at 49.6%, highlighting exceptional profitability. Customer concentration risk is moderating, with the top 3 customers now at 77% of revenue and neocloud clients expected to exceed 20% of the top line.
The tech sector's blistering run came to a halt on Wednesday as renewed strikes in Iran and a sour response to Broadcom's earnings weighed on sentiment. Despite a stellar Q2 with record revenue and margins, Broadcom sank 15% Thursday, dragging chip stocks lower. This long-awaited rotation presents an opportunity for semiconductor names that pair strong forward earnings growth with durable profitability.
Volatility usually makes investors do one of two things: They either run to safety and sit on cash, or they get selective and build positions in businesses they actually believe in. The second approach tends to produce better long-term outcomes and fatter profits.
These three companies are not dominating financial headlines right now, and that is exactly why they deserve a look.
1. Credo Technology Group If someone told you there was a semiconductor company that just tripled its revenue in a single fiscal year, maintained gross margins above 60%, ended the year with $1.4 billion in cash on its books -- and has a CEO whose compensation is entirely tied to hitting revenue targets -- you would probably want to know its name.
That company is Credo Technology Group (CRDO 8.35%). Outside of a small circle of artificial intelligence (AI) infrastructure investors, it remains one of the most underappreciated chip stories in the market.
Credo makes the high-speed connectivity products for AI data centers -- the cables, chiplets, and digital signal processors that let GPUs communicate at the speeds modern AI workloads require. Its flagship active electrical cable is the kind of infrastructure component that never shows up in headlines, but without which foundational models can't run efficiently.
For its fiscal 2026, which ended May 2, the company reported total revenue of $1.34 billion -- more than triple its fiscal 2025 result -- with fourth quarter revenue growth of 157% year over year. The largest hyperscalers in the world are among Credo's customers, and they collectively plan on spending more than $600 billion on AI infrastructure in 2026.
Today's Change
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The reason I would put $5,000 into this stock is not just its latest numbers -- it's what the company just did strategically. In April, Credo closed its $750 million cash acquisition of DustPhotonics, an Israeli silicon photonics developer. Silicon photonics -- which transmits data within and between servers using pulses of light rather than electrons -- is the next frontier of data center connectivity, and the market is projected to reach $6 billion by 2030.
This acquisition moves Credo from selling copper interconnects to owning the full optical connectivity stack. The company expects optical products alone to generate more than $500 million in revenue in its fiscal 2027.
2. Cellebrite Cellebrite (CLBT 0.62%) counts more than 60,000 law enforcement agencies in 150 countries among its customers. In its latest quarter, it grew its annual recurring revenue by 21% and generated a free cash flow margin of 32%. Yet it barely registers on most investors' radars.
The company makes software that law enforcement agencies use to extract, analyze, and manage digital evidence -- from cracking into locked phones to decoding encrypted apps to organizing case files across an entire police department. If that sounds like a niche product, consider this: Digital evidence is now a factor in the overwhelming majority of serious criminal investigations. And every phone, drone, cloud account, or social media post that becomes part of a case has to be processed somehow. Cellebrite provides the dominant platform for doing that work.
The business model is what makes this company worth a $5,000 investment now. Cellebrite has been transitioning from selling perpetual software licenses to a software-as-a-subscription model, and that transition is working. Subscription services revenue hit $96.5 million in the first quarter, representing the large majority of total sales.
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When revenue is recurring and tied to multiyear agency contracts, it becomes highly predictable. Moreover, switching costs in law enforcement software are enormous because agencies build workflows, evidence chains, and court-admissible reporting around a single platform. Nobody is ripping out Cellebrite mid-case.
The new growth engine for investing in this stock is Genesis AI, Cellebrite's agentic artificial intelligence system that allows investigators to query digital evidence databases using natural language and receive defensible, explainable outputs. So, for example, rather than having a detective manually sort through 80,000 photos on a seized phone, Genesis AI can identify relevant images, flag associations, and surface patterns in minutes.
The company expects this product to become a meaningful revenue driver as agencies begin converting their subscriptions to AI-enabled tiers. Immigration and Customs Enforcement and Homeland Security Investigations are already in line for a five-year, $100 million contract renewal, which is a signal of how deep the government's dependency on its tools runs.
3. TransMedics Group Most people don't know how organ transplants actually work until they need one. In the current healthcare system, most such procedures are a race against time: A donated heart, liver, or other organ is removed from the donor, packed on ice in a cooler, and transported as quickly as possible in hopes of getting it to the recipient before it becomes unusable. The average viability window for a heart is four to six hours. Livers can last 12 to 24 hours, but their quality degrades the entire time.
This method, called static cold storage, has not changed appreciably in decades, and it is one of the reasons tens of thousands of donated organs have to be discarded every year, even as patients die on transplant waiting lists.
Image source: Getty Images.
TransMedics Group (TMDX 0.63%) is changing that. The company's core product is the Organ Care System -- a perfusion device that keeps donated organs alive, warm, and functioning outside the body during transport, rather than cooling them down. A liver in a TransMedics device is not just being preserved; it's being perfused with blood, monitored in real time, and sometimes even improved in health during transit.
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TransMedics is also building something unusual for a medical device company: its own national organ logistics network, NOP, which coordinates procurement, transportation, and delivery of organs using the company's own staff and aircraft. In the first quarter, total revenue rose 21% year over year to $173.9 million, and management reiterated its guidance for revenue in the $727 million to $757 million range for the year, which would equate to 20% to 25% growth.
What makes this stock specifically worth a $5,000 investment now is the combination of meeting a genuine human need and a business that is currently the only one offering a solution to the key problem in its arena at scale. TransMedics has no direct competitor at a commercial size.
Credo delivered 157% revenue growth to $437 million while generating 68.3% gross margins and $177.5 million in free cash flow. Management guided for over 80% fiscal 2027 revenue growth, with optical products expected to contribute more than $600 million. AI networking demand continues accelerating as hyperscalers build larger AI factories requiring higher bandwidth, reliability, and lower latency.
ChatGPT’s simulated investment portfolio has emerged as one of the standout performers in 2026, delivering an approximately 60% year-to-date gain and significantly outperforming the broader stock market.
The performance comes from an ongoing paper-trading competition hosted by Rallies AI Arena, where leading AI models manage virtual portfolios using real-time market prices.
Starting with a virtual balance of $100,000, ChatGPT grew the portfolio to approximately $159,250 as of June 5. At recent peaks, the portfolio briefly approached $164,000, representing gains of about 64%.
The results compare favorably with the benchmark S&P 500, which has gained roughly 8% over the same period.
Much of the outperformance was driven by an early focus on artificial intelligence infrastructure stocks. ChatGPT’s largest holding, Credo Technology (NASDAQ: CRDO), a provider of high-speed connectivity solutions for AI data centers, is valued at approximately $39,649 and has returned 92.8%.
AI stock allocation. Source: Rallies AI Arena, Another major contributor is Nebius Group (NASDAQ: NBIS), an AI cloud and infrastructure company. The position is worth about $11,956 and has gained 108.8%, making it one of the portfolio’s best-performing holdings.
ChatGPT also maintained a sizable position in Alphabet (NASDAQ: GOOGL), currently valued at roughly $38,771 and up 28.8%. Additional AI exposure came through Amphenol (NYSE: APH), whose holding is worth $15,066 and has returned 8.9%.
Financial sector allocation As gains accumulated, the AI model shifted toward a more diversified strategy, adding positions in Progressive (NYSE: PGR), Visa (NYSE: V), Cigna (NYSE: CI), JPMorgan Chase (NYSE: JPM), and Leidos Holdings (NYSE: LDOS).
Current allocations include approximately $10,087 in Progressive, $9,654 in Visa, $9,406 in JPMorgan Chase, $8,634 in Cigna, and $6,896 in Leidos. The portfolio also holds about $13,926 in cash.
The strategy evolved from concentrated bets on high-growth AI stocks to a more balanced portfolio designed to manage risk while maintaining growth exposure. After substantial gains in AI-related names, ChatGPT added defensive holdings to help reduce volatility and preserve returns.
However, the ChatGPT portfolio remains a simulated paper-trading experiment. The results are not based on real-money investments and should not be viewed as investment advice.
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There's a version of artificial intelligence (AI) investing that has been popular over the last few years and that I feel is talked about constantly: buy Nvidia, hold it forever, done. That's not bad advice. But the next decade of AI won't be won entirely in the chip stack. It's going to be won in the wires, the racks, and the optical infrastructure that no one on CNBC is interrupting their broadcast to scream about.
Two companies have become foundational to AI infrastructure in a way that could make patient investors very wealthy. Both are very quickly becoming household names, and both are doing the work.
Image source: Getty Images.
1. Credo Technology Credo Technology Group (CRDO 8.35%) makes what are known internally as "purple cables" -- Active Electrical Cables (AECs) that connect the graphics processing units (GPUs) inside an AI data center cluster. The cables are proprietary, recognizable by color, and increasingly everywhere.
The reason AECs matter is simple physics. As AI clusters scale to hundreds of thousands of GPUs running in parallel, the links between those chips become a chokepoint. Credo's AECs handle that connection at lower power and higher reliability than the alternatives -- and as data center density increases, the demand for them does too.
What's worth paying attention to beyond revenue is who is buying. The company has confirmed Microsoft, Amazon, and xAI as customers, with each representing a significant share of revenue. A fourth hyperscaler was ramping toward the 10% revenue threshold heading into fiscal 2026. When the largest technology companies on earth are buying your cables in bulk and asking for more, that's an embedded infrastructure position.
The board made something clear recently, too. Credo's CEO was just granted a performance stock award with revenue milestones ranging from $2.5 billion to $7.5 billion, and stock price hurdles of $244.70 to $489.40 -- vesting through 2031. That's the board locking the person responsible to a very specific future. They believe the growth trajectory is real.
The risk worth naming with Credo is customer concentration. A shift in data center architecture, or a hyperscaler deciding to build AEC technology in-house, could disrupt the business. That's a real possibility in a market moving this fast. But Credo's head start, design wins at every major optical module manufacturer, and proprietary signal integrity know-how make displacement harder than it sounds on paper.
Credo has had a remarkable mid-year, trading up by more than 100% from its early April prices. This stock is an easy one to dollar-cost-average and forget about for decades. This ticker could make you a millionaire.
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2. Marvell Technology Marvell Technology (MRVL +0.94%) spent years as the quietly capable company underneath the loud ones. That changed on March 31, 2026, when Nvidia announced a $2 billion investment in Marvell and folded it into its NVLink Fusion ecosystem -- a rack-scale platform that lets custom accelerator chips connect directly into Nvidia's proprietary interconnect fabric.
Marvell's stock is up over 50% in the last week because Nvidia CEO Jensen Huang recently declared Marvell Technology to be "the next trillion-dollar company."
This is worth noting -- and maybe worth buying some shares quickly. Hyperscalers have been designing their own AI chips to reduce dependence on Nvidia. They hire Marvell to build those chips. The Nvidia-Marvell deal means that even when a hyperscaler commissions custom silicon to get away from Nvidia GPUs, every rack still needs Nvidia components to run the NVLink Fusion stack. Marvell sits at the center of both paths.
The company's custom silicon pipeline now includes 18 XPU and XPU-attach sockets, with more than 50 new pipeline opportunities representing an estimated $75 billion in lifetime revenue potential. Silicon photonics -- using light instead of copper to move data between chips -- is the second act here, and Marvell is embedded in that transition as well.
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To me, both companies represent something rare: They are genuinely hard to replace, embedded in infrastructure that the AI economy cannot run without, and operating in segments where tailwinds are structural rather than cyclical. A decade is a long time. But so is a GPU cluster build-out.
Key Takeaways CRDO stock surged 78.4% in three months, far outpacing the semiconductor industry and broader market gains.Credo's growth is driven by AI infrastructure demand, with AECs and hyperscaler adoption boosting revenue.CRDO expects strong optical revenue growth and improving margins and has solid cash reserves. Credo Technology Group Holding Ltd (CRDO - Free Report) has been one of the standout performers in the semiconductor space, with its stock gaining 78.4% over the past three months. In comparison, the Electronic-Semiconductors industry, the broader Computer and Technology sector and the S&P 500 are up 35.6%, 19.1% and 9.1%, respectively.
The rally underscores investor enthusiasm around AI infrastructure, especially the key role of high-speed connectivity solutions in scaling next-generation data centers.
Yet, sharp price appreciation often raises a familiar question: has the easy money already been made? For investors evaluating CRDO today, the investment debate centers on whether its momentum is supported by durable fundamentals or if expectations have simply run ahead.
Let’s dig deeper to find out.
The Bull Case: Riding the AI CycleCredo’s extraordinary growth, tied to the rapid buildout of AI infrastructure, remains the most compelling investment argument.
Credo is a leading provider of high-speed connectivity solutions for the AI infrastructure. At the core of Credo’s business is its Serializer/Deserializer (SerDes) and Digital Signal Processor (DSP) technology stack. Leveraging this foundation, Credo offers a diversified suite of solutions, including integrated circuits (ICs), retimers, optical DSPs, Active Electrical Cables (AECs), SerDes chiplets and SerDes IP licensing.
CRDO’s focus on high-performance, energy-efficient connectivity solutions gives it strategic relevance as hyperscalers and cloud service providers overhaul their network architectures.
Image Source: Zacks Investment Research
Fiscal 2026 was a breakout year, with revenues surpassing $1.3 billion, more than tripling year over year. Non-GAAP net income increased more than fivefold.
AECs: Core Growth DriverAECs are the primary growth engine for CRDO as they now play an increasingly critical role in AI-driven networking deployments. According to Credo, the adoption of zero-flap AECs is accelerating because they deliver up to 1,000x higher reliability while consuming roughly 50% less power compared with optical alternatives. These advantages are particularly valuable in large XPU clusters, where network failures can disrupt operations and lead to high costs.
Credo’s hyperscaler traction is central to its AEC strength. Four hyperscalers each contributed more than 10% of total revenues in the last reported quarter, reflecting strong adoption of Credo’s high-reliability AEC solutions. Beyond the traditional hyperscalers, Credo is also seeing increasing demand from emerging Neocloud providers.
Optical Business: Inflection AheadIn addition to AEC, CRDO is now focusing on the IC portfolio (retimers and DSPs). The company expects mid-single-digit sequential growth in the first half of fiscal 2027, followed by a stronger second-half acceleration buoyed by its optical portfolio. Management projects more than $600 million in optical revenue, with ZeroFlap optics, silicon photonics PICs and optical DSPs each contributing more than $100 million. This is expected to support more than 80% year-over-year revenue growth for the full year.
The acquisition of Dust Photonics strengthens Credo’s high-speed optical connectivity portfolio with silicon photonics PIC technology. The deal adds advanced technology, including 800G and 1.6T solutions, and would aid in developing upcoming 3.2T solutions.
Operating Leverage ImpressiveAs revenue scales, Credo is beginning to show signs of operating leverage. Gross margins have been improving, and the company is moving closer to sustained profitability.
For fiscal 2026, the company reported a non-GAAP gross margin of 68.1%, improving by 310 basis points year over year, while operating margins expanded significantly to 47.8%.
Non-GAAP net margin reached 51.9% in the fiscal fourth quarter, underscoring the company’s ability to convert top-line growth into bottom-line profitability.
For fiscal 2027, gross margins are projected to stay in line with fiscal 2026 levels, while non-GAAP net margins are expected to remain around 50%, even as the company continues to invest in R&D.
CRDO’s Cash ProfileThe company remains “well capitalized” to continue to fuel the next leg of growth, while maintaining a considerable cash buffer. Credo’s $1.4 billion strong cash position enables it to continue investments in product innovation and pursue accretive M&A. This also continues to help CRDO deepen its technology moat and broaden the addressable market amid increasing competitive pressure.
No Investment Case Is Without RisksMacroeconomic uncertainties and exposure to the AI investment cycle amid increasing market competition from the likes of Broadcom (AVGO - Free Report) , Marvell Technology (MRVL - Free Report) and Astera Labs (ALAB - Free Report) may impact CRDO’s growth trajectory. Customer concentration is also a concern as it exposes the company to shifts in customer spending decisions.
Credo noted ongoing tightness in the supply chain. While the company has taken steps to secure capacity, disruptions could still affect its ability to meet demand.
Image Source: Zacks Investment Research
Analysts have marginally revised estimates downward for the current quarter.
CRDO Stock vs. PeersInvestor enthusiasm around AI buildout has benefited the semiconductor stocks greatly.
Price Performance
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Both Marvell and Astera Labs have registered triple-digit gains. Marvell has been in the news of late, especially as the NVIDIA chief publicly called it the next trillion-dollar company.
On the other hand, AVGO is up 11.6%. The company reported second-quarter fiscal 2026 on June 3, following which shares tanked. Management reiterated expectations for more than $100 billion in AI revenues in fiscal 2027.
What to Make of CRDO’s Premium Valuation?In terms of the forward 12-month price/earnings ratio, CRDO is trading at 15.48, higher than the Electronic-Semiconductors sector’s multiple of 9.14.
Image Source: Zacks Investment Research
The premium appears justified given the company’s explosive revenue growth, strong profitability, expanding hyperscaler relationships and growing exposure to the rapidly scaling AI data center market.
In comparison, Broadcom trades at a forward 12-month P/S multiple of 13.35, while Astera Labs and Marvell are trading at a multiple of 30.21and 17.58, respectively.
Why CRDO Still is a Buying OpportunityAt present, CRDO flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The company is aligned with one of the most powerful and durable trends in technology, the rise of AI-driven infrastructure. While risks around competition, customer concentration and valuation persist, the long-term growth story seems compelling.
Despite near-term challenges, the stock still appears to offer attractive upside for those willing to ride the volatility.
Credo Technology Group is upgraded to Strong Buy, driven by architectural advances addressing AI scaling bottlenecks and memory constraints. CRDO's OmniConnect weaver gearbox and L3C technology position it as a compute-adjacent integrator, supporting premium margins and $2,000–$3,000 per GPU revenue potential. Risks include high inventory ($250.8M), client concentration (34% revenue from top customer), and exposure to NeoCloud/VC funding volatility.
Key Takeaways Credo more than tripled fiscal 2026 revenue to over $1.3B as AI infrastructure demand accelerated.CRDO expects over 80% fiscal 2027 revenue growth, led by expanding optical connectivity products.Credo sees optical portfolio topping $600M in fiscal 2027, with copper products driving growth too. Credo Technology Group Holding Ltd (CRDO - Free Report) is benefiting from the rapid expansion of AI infrastructure, as increasing GPU cluster deployments are driving demand for advanced connectivity solutions. In fiscal 2026, the company generated more than $1.3 billion in revenue, more than tripling year over year, while non-GAAP net income increased more than fivefold to $662 million.
Fourth-quarter revenue reached a record $437 million, exceeding the company's total fiscal 2025 revenue. Management stated that these results reflect Credo's ability to capitalize on the ongoing shift in AI infrastructure, where connectivity has become increasingly important as AI clusters scale from tens of thousands to hundreds of thousands of GPUs. The company highlighted that reliability, power efficiency, signal integrity and telemetry have become critical requirements as AI infrastructure is increasingly constrained by connectivity rather than compute.
Credo continues to expand its portfolio across AI infrastructure, covering die-to-die, chip-to-chip, copper interconnects and facility-wide optical connectivity. The company stated that its vertically integrated approach, which combines SerDes technology, silicon, system-level solutions, firmware and telemetry software, enables it to support multiple generations of connectivity solutions. Active Electrical Cables (AECs) remain a key growth driver, supported by increasing customer adoption across hyperscalers and Neo cloud operators. The company also highlighted growing momentum in its retimer business, while continuing development of PCIe Gen 6 AECs and 200-gig-per-lane products.
Management expects fiscal 2027 to represent an inflection point for its optical business. The recently completed acquisition of Dust Photonics expands Credo's silicon photonics capabilities with technologies spanning 800G and 1.6T solutions and a roadmap extending beyond 3.2 terabits per second. The company expects its optical DSPs, silicon photonics PICs and ZeroFlap optics to each contribute more than $100 million in revenue during fiscal 2027, with the combined optical portfolio expected to generate more than $600 million. Credo also expects optical revenue growth to accelerate during the second half of the fiscal year while existing copper products, primarily AECs and retimers, continue contributing significantly to revenue growth.
For first-quarter fiscal 2027, Credo expects revenue between $465 million and $475 million. Management anticipates mid-single-digit sequential growth during the first half of the year, followed by stronger growth in the second half driven by the expanding optical portfolio. The company also expects more than 80% year-over-year revenue growth for fiscal 2027, with gross margins remaining broadly consistent with fiscal 2026 levels.
Credo continues investing in new products, including Active LED Cables and OmniConnect solutions, which are expected to begin production ramps in fiscal 2028. Management believes these investments, together with continued adoption by hyperscalers and the expanding Neo cloud customer base, position the company to benefit from the ongoing growth of AI infrastructure.
Taking a Look at CRDO’s CompetitorsBroadcom Corporation’s (AVGO - Free Report) second-quarter fiscal 2026 revenues rose 48% year over year to $22.19 billion, driven by accelerating AI semiconductor revenues, which reached $10.8 billion, up 143% year over year. For the third quarter of fiscal 2026, Broadcom expects revenues of approximately $29.4 billion, indicating 84% year-over-year growth. Management also guided semiconductor revenues of roughly $20.5 billion and infrastructure software revenues of about $8.9 billion for the third quarter of fiscal 2026. Within semiconductors, management expects AI semiconductor revenues to accelerate to $16 billion in the third quarter of fiscal 2026, soaring more than 200% year over year, as demand for custom AI accelerators and AI networking remains strong.
Marvell Technology (MRVL - Free Report) is benefiting from AI-led demand across the data center end market, with custom silicon, interconnect, switching and optics driving record revenues and a higher multi-year outlook. The expanded NVIDIA partnership, including NVLink Fusion and optics collaboration, embeds Marvell deeper in hyperscaler roadmaps and supports program ramp. MRVL expects fiscal 2027 revenues to grow about 40% year over year to nearly $11.5 billion and sees fiscal 2028 revenues rising about 45% to roughly $16.5 billion. For the second quarter of fiscal 2027, Marvell Technology guided revenues to $2.7 billion (+/-5%).
CRDO Price Performance, Valuation and EstimatesShares of CRDO are up 102.2% in the past three months compared with the Electronics-Semiconductors industry’s growth of 39.3%.
Image Source: Zacks Investment Research
Regarding the forward 12-month price/sales ratio, CRDO is trading at 17.48, higher than the industry’s multiple of 9.14.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for CRDO earnings for fiscal 2026 has been revised up over the past 60 days.
Image Source: Zacks Investment Research
CRDO currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Credo Technology Group Holding Ltd. (CRDO) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Credo Technology (NASDAQ:CRDO | CRDO Price Prediction) has tripled its revenue in a year, and the stock has followed. Our 24/7 Wall St. price target for Credo is $220.11, essentially flat against a current quote of $222.27. That implies a -0.97% move over the next 12 months, and the proprietary model carries a 90% confidence level. The recommendation is hold.
Metric Value Current Price $222.27 24/7 Wall St. Price Target $220.11 Upside/Downside -0.97% Recommendation HOLD Confidence Level 90% Why We Could Be Wrong Our target sits a hair below the current quote, and Credo is one of the cleanest AI infrastructure stories in the market. Real upside could come from another guidance raise driven by 1.6T port adoption, or from the three new TAM categories Credo announced last quarter: ZeroFlap optics, Active Line Cards (ALCs), and OmniConnect. Treat the 24/7 Wall St. price target as one input, and read the bull case below carefully.
A Blowout Year Already Priced In Credo has returned 204.65% over the past year and 54.47% year to date, trading roughly 4% below the 52-week high of $245.95.
The June 1 earnings report set the tone: Q4 FY2026 revenue of $437 million grew 157% YoY, and non-GAAP EPS of $1.16 beat the $1.03 consensus, the fourth straight EPS beat. Full-year revenue more than tripled to $1.34 billion.
The Case for $267 and Higher The bull thesis lives in hyperscaler capex. CEO Bill Brennan said Credo’s vertically integrated approach helps customers “accelerate cluster time-to-stability, maximize GPU utilization, improve network reliability, and reduce overall infrastructure power and operating costs.”
Q1 FY2027 guidance of $465M to $475M implies sequential growth continues. The consensus analyst target is $256.30, with 17 buy or strong-buy ratings out of 18 analysts covering the name. Our internal bull scenario projects $267.74 in 12 months, a 20.46% return.
The Risks Worth Watching Credo trades at a trailing P/E of 122 and a forward P/E near 35. Customer concentration in hyperscalers, inventory that nearly tripled YoY, and rising share-based compensation are real exposures. A beta of 3.229 means any AI capex pause hits hard.
Bears would point to our bear case at $172.10, a -22.57% outcome. The counterfactual: that inventory build often signals customers ramping next-generation deployments, and R&D that nearly doubled YoY to $90.53M funds the next TAM expansion.
Credo Price Prediction 2026-2030 The 24/7 Wall St. price target of $220.11 says Credo is fairly valued today at 90% confidence. The setup to watch: if Q1 FY2027 results come in above the high end of guidance and material contribution from ZeroFlap or OmniConnect would strengthen the bull case. Softer hyperscaler capex commentary or gross margin compression below the guided 67% to 69% band would weaken it.
Looking further ahead, here is where our model projects Credo could trade, assuming current growth trajectories hold and AI infrastructure spending remains durable.
Year 24/7 Wall St. Price Target 2026 $220.11 2027 $213.62 2028 $229.94 2029 $241.91 2030 $245.00 These projections assume Credo continues converting hyperscaler relationships into new TAM categories. Significant upside or downside could result from AI capex cycles or a shift in port-speed adoption.
Explore how portfolio size, sector focus, and volatility set these growth ETFs apart for investors seeking different risk profiles and market exposures.
CRDO's rapid growth faces customer concentration risks, but diversification into Neo clouds and broader clients could gradually rebalance its revenue mix.
Even as broad markets deal with macro driven volatility, stocks such as Concrete Pumping Holdings, Atlanticus and Credo Technology Group stand out, with numerous bullish catalysts.
KIRKLAND, Wash.--(BUSINESS WIRE)--Echodyne, the radar platform company, today announced a partnership with Axon (Nasdaq: AXON), the global public safety technology leader, to support a joint focus activity on delivering best in class infrastructure for a range of homeland security and law enforcement UAS applications in the U.S and globally. Under the partnership, Echodyne's advanced radar technology will continue supporting Axon's growing ecosystem of public safety drone solutions, enhancing l.
