Teradata sees Q3 recurring revenue down 4% to 2% year-over-year
Company sees 2026 non-GAAP EPS of $2.65-$2.73
Teradata reaffirms 2026 total ARR growth of 2% to 4% year-over-year
Overview
U.S. data analytics platform's Q2 revenue was flat yr/yr, beating analyst expectations
Adjusted EPS for Q2 rose and beat analyst expectations
Company forecasts Q3 revenue and recurring revenue to decline yr/yr
Analyst coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 4 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the it services & consulting peer group is "buy"
Wall Street's median 12-month price target for Teradata Corp is $34.00, about 6% above its August 3 closing price of $32.09
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago
Result drivers and key details
PRODUCT INNOVATION - Co said launch of Autonomous Knowledge Platform contributed to Q2 results
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