Blackbaud Q1 Revenue Up 4.2%, Beats Estimates; Reaffirms Full-Year Outlook
Summary
Blackbaud reported Q1 revenue of $281.10 million, a 4.2% increase, slightly surpassing analyst estimates of $279.83 million. Adjusted EPS of $1.14 also beat the consensus of $1.12. The company reaffirmed its full-year 2026 GAAP revenue and non-GAAP adjusted EBITDA and EPS guidance, signaling management's confidence in its outlook. This stable performance is underpinned by a 5% rise in recurring revenue, which now accounts for 98.3% of total revenue, and early demand for its new AI product. Traders will view this as a solid, albeit not spectacular, start to the year, reinforcing the existing investment thesis.
At the time of this announcement, BLKB was trading at $37.51 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.7B. The 52-week trading range was $33.95 to $74.88. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.