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Domo Stock Plummets Despite Q2 Earnings Beat as Guidance Disappoints
Domo Stock Plummets Despite Q2 Earnings Beat as Guidance Disappoints
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BTCCSquare news:
Domo shares tumbled 11.7% in Thursday trading after the software company's forward-looking projections failed to meet market expectations. While the firm reported better-than-expected Q2 FY2026 results with $0.02 adjusted EPS on $79.7 million revenue (surpassing Wall Street's estimated $0.04 loss), investors focused on its cautious outlook.
The company's RPO grew 19% to $409.8 million, but guidance for Q3 anticipates an adjusted loss between $0.03-$0.07 per share on $78.5-$79.5 million revenue. Full-year projections of $316-$320 million sales with adjusted losses further dampened sentiment, overshadowing the 1.7% YoY revenue growth and improved profitability from last year's $0.07 per share loss.
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