HubSpot (HUBS) Tops Q2 EPS by 1c, Light on Guidance

HubSpot (NYSE: HUBS) reported Q2 EPS of $0.44, $0.01 better than the analyst estimate of $0.43. Revenue for the quarter came in at $421.8 million versus the consensus estimate of $409.85 million.

GUIDANCE:

Third Quarter 2022:

• Total revenue is expected to be in the range of $425 million to $426 million, versus consensus of $439.6M
• Unfavorable foreign exchange rates are expected to be an 8 point headwind to third quarter 2022 revenue growth.(1)
• Non-GAAP operating income is expected to be in the range of $31 million to $32 million.
• Non-GAAP net income per common share is expected to be in the range of $0.50 to $0.52 versus consensus of $0.52. This assumes approximately 51.0 million weighted average diluted shares outstanding.

Full Year 2022:

• Total revenue is expected to be in the range of $1.690 billion to $1.695 billion versus consensus of $1.72B.
• Unfavorable foreign exchange rates are now expected to be a 6 point headwind to full year 2022 revenue growth, up from prior quarter expectation of a 5 point headwind.(1)
• Non-GAAP operating income is expected to be in the range of $143 million to $144 million.
• Non-GAAP net income per common share is expected to be in the range of $2.28 to $2.30. This assumes approximately 51.1 million weighted average diluted shares outstanding.

For earnings history and earnings-related data on HubSpot (HUBS) click here.

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