Arlo Technologies Q2 revenue beats estimates
ARLO•Q2 results beat estimates
- Smart home security platform's Q2 revenue rose 21% yr/yr, beating analyst expectations
- Adjusted EPS for Q2 beat consensus, driven by record subscriptions and services revenue
- Company repurchased $22 mln of stock and raised annual revenue and EPS guidance
Outlook raised for Q3 and full year
- Arlo sees Q3 revenue between $140 mln and $150 mln
- Company expects Q3 non-GAAP EPS of $0.17 to $0.23
- Arlo raises full-year 2026 revenue and EPS guidance to $580 mln-$600 mln and $0.90-$1.00 non-GAAP EPS
Revenue growth and margin expansion
- Subscriptions and services - Co said continued strength in subscriptions and services revenue drove top and bottom-line growth
- Recurring revenue growth - Annual recurring revenue rose 15.6% yr/yr to $365 mln, with cumulative paid accounts up 23.2% yr/yr
- Margin expansion - Gross margin improved by 330 basis points yr/yr to 48.2% (GAAP), with non-GAAP gross margin up 480 basis points
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