Lemonade Raises FY26 Revenue Guidance Above Consensus After 79% Q2 Surge
LMND sits 36% above its 52-week low of $35.7 on elevated volume (3.0× avg).
Summary
Lemonade raised its full-year 2026 revenue guidance to $1.214B-$1.22B, above the $1.207B consensus, following a Q2 where revenue jumped 79% YoY to $294.4M, beating estimates. The company also guided Q3 revenue to $323M-$326M, ahead of the $320.4M consensus, and set an in-force premium outlook of $1.632B-$1.639B for FY26. This follows yesterday's 8-K that reported the Q2 results and a CFO transition, but the raised guidance is new and signals accelerating momentum. Despite the positive outlook, shares fell 23% to $47.81, likely reflecting the Q2 EPS miss of $0.56 and broader market reaction. The Hannover Re financing agreement from June provides capital to support this growth trajectory.
At the time of this announcement, LMND was trading at $48.43 on NYSE in the Finance sector, with a market capitalization of approximately $3.7B. The 52-week trading range was $35.70 to $99.90. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Benzinga.