Blend Labs sees Q3 2026 revenue between $31.5 mln and $33.5 mln
Company expects Q3 2026 non-GAAP operating income of $3.5 mln to $4.5 mln
Blend says market conditions remain challenging but aims to re-accelerate growth in 2027
Overview
US digital banking software firm's Q2 revenue rose 7% yr/yr, beating analyst expectations
Non-GAAP operating income exceeded the high end of company guidance
Company repurchased 11 mln shares for $18.2 mln in Q2
Analyst coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Blend Labs, Inc. is $4.00, about 99% above its August 5 closing price of $2.01
The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 16 three months ago
Result drivers and key details
New customer deals - Co added or expanded 14 customer relationships in Q2, including 6 deals for Autopilot
BLND•
