Trade Desk Q2 Revenue Misses, Guides Below Consensus; Stock Near 52-Week Low
TTD is trading near its 52-week low of $16.7 (20% below the low) on elevated volume (4.4× avg).
Summary
Trade Desk reported Q2 revenue of $715M, missing consensus by $37.6M, and guided Q3 revenue to at least $650M, below expectations. The stock is already near its 52-week low, and these results confirm slowing growth.
Key Events · Earnings and Guidance · TTD
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Q2 Revenue Miss
Revenue of $715M missed the $752.6M consensus, growing only 3% YoY. GAAP net income fell 29% to $64.4M.
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Weak Q3 Guidance
Company guided Q3 revenue to at least $650M, below analyst expectations, signaling continued deceleration.
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Credit Facility Expanded
Revolving credit facility increased to $750M with $745M available, providing ample liquidity despite slowing growth.
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Aggressive Share Repurchases
Repurchased 10M shares for $233M in H1 2026; $269M remains authorized. Buybacks are offsetting dilution but not reversing the stock's decline.
Analysis · TTD · Technology
A revenue miss and soft guidance underscore the growth challenges facing Trade Desk. Q2 revenue of $715M fell short of the $752.6M consensus, rising just 3% year-over-year, while GAAP net income dropped 29%. The outlook for Q3, with revenue guided to at least $650M, also came in below expectations. With the stock already hovering near its 52-week low, these results confirm the deceleration that has weighed on the name. On a more constructive note, the company expanded its credit facility to $750M and repurchased $233M in stock during the first half, signaling balance-sheet confidence. Still, the core business is struggling to reaccelerate, and the market is likely to react negatively to the revenue miss and weak guidance.
At the time of this filing, TTD was trading at $13.30 on NASDAQ in the Technology sector, with a market capitalization of approximately $8.3B. The 52-week trading range was $16.70 to $91.45. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.