Opendoor Q2 revenue misses estimates
OPEN•Outlook
Opendoor expects third-quarter 2026 revenue to increase at least 20% year over year.
The company sees third-quarter 2026 contribution profit more than doubling year over year, with margin around 4% to 4.5%.
Opendoor targets positive adjusted net income on a twelve-month go-forward basis by the end of 2026.
Analyst coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 6 "hold" and 2 "sell" or "strong sell".
The average consensus recommendation for the real estate services peer group is "buy."
Wall Street's median 12-month price target for Opendoor Technologies Inc is $4.75, about 20.6% above its August 3 closing price of $3.94.
Q2 revenue misses estimates
Opendoor's second-quarter revenue rose 23% sequentially but missed analyst expectations.
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Miss | $883 mln | $906.79 mln (7 Analysts) |
Profitability and business drivers
Contribution profit grew 59% quarter over quarter, and margin improved both sequentially and year over year.
The company said homes purchased rose 77% quarter over quarter, supporting higher revenue and inventory levels.
