CEO Says FY Revenue, EPS Will Hit Upper Half of Guidance; Shares Surge 21%
BLKB sits 70% above its 52-week low of $25.58.
Summary
CEO Mike Gianoni confirmed Blackbaud expects fiscal 2026 revenue and adjusted EPS to land in the upper half of its guidance ranges—$1.17B–$1.18B and $5.15–$5.25, respectively. The statement came alongside Q2 results that beat on EPS ($0.79 vs. $0.71 consensus) and adjusted EPS ($1.33 vs. $1.28), though revenue slightly missed. Shares jumped nearly 21% intraday, reflecting relief after a 31% year-to-date decline. The company also highlighted aggressive AI investment in its Agents for Good solutions. This follows the 8-K filed earlier today with the same Q2 numbers, but the CEO's explicit upper-half call and the sharp price move are new signals.
At the time of this announcement, BLKB was trading at $43.44 on NASDAQ in the Technology sector, with a market capitalization of approximately $2B. The 52-week trading range was $25.58 to $74.88. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.