HubSpot (NYSE:HUBS) Updates Q2 2026 Earnings Guidance

HubSpot (NYSE:HUBS) issued an update on its second quarter 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 3.000-3.020 for the period, compared to the consensus EPS estimate of 2.400. The company issued revenue guidance of $897.0 million-$898.0 million, compared to the consensus revenue estimate of $898.4 million. HubSpot also updated its FY 2026 guidance to 13.040-13.120 EPS.

HubSpot Stock Up 3.6%

NYSE HUBS traded up $8.58 during trading on Thursday, hitting $243.74. The company’s stock had a trading volume of 2,881,515 shares, compared to its average volume of 1,562,981. HubSpot has a 52 week low of $187.45 and a 52 week high of $682.57. The firm has a market cap of $12.55 billion, a P/E ratio of 280.16, a price-to-earnings-growth ratio of 3.21 and a beta of 1.23. The firm has a 50 day moving average price of $243.61 and a 200 day moving average price of $317.94.

HubSpot (NYSE:HUBS) last announced its earnings results on Thursday, May 7th. The software maker reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.47 by $0.25. HubSpot had a net margin of 1.47% and a return on equity of 3.64%. The business had revenue of $881.00 million for the quarter, compared to analyst estimates of $863.32 million. During the same quarter in the previous year, the firm posted $1.84 earnings per share. HubSpot’s revenue was up 23.4% compared to the same quarter last year. HubSpot has set its Q2 2026 guidance at 3.000-3.020 EPS and its FY 2026 guidance at 13.040-13.120 EPS. On average, equities analysts expect that HubSpot will post 3.66 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on HUBS shares. Canaccord Genuity Group lowered their price target on HubSpot from $485.00 to $350.00 and set a “buy” rating on the stock in a research note on Thursday, April 16th. The Goldman Sachs Group decreased their price objective on HubSpot from $517.00 to $442.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Royal Bank Of Canada restated an “outperform” rating and set a $400.00 price objective on shares of HubSpot in a research report on Thursday, April 16th. KeyCorp cut their target price on HubSpot from $400.00 to $340.00 and set an “overweight” rating for the company in a research note on Thursday, February 12th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of HubSpot in a research report on Thursday, February 12th. Twenty-five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $388.07.

Insider Activity

In other news, insider Erika Ashley Fisher sold 915 shares of HubSpot stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $236.66, for a total value of $216,543.90. Following the completion of the transaction, the insider owned 16,270 shares in the company, valued at approximately $3,850,458.20. The trade was a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Brian Halligan sold 8,292 shares of the business’s stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $230.72, for a total value of $1,913,130.24. Following the completion of the transaction, the director directly owned 362,000 shares in the company, valued at $83,520,640. The trade was a 2.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 25,968 shares of company stock worth $6,453,082. 4.00% of the stock is owned by insiders.

Key Stories Impacting HubSpot

Here are the key news stories impacting HubSpot this week:

• Positive Sentiment: Q1 results beat: HubSpot reported EPS of $2.72 vs. the $2.47 consensus and revenue of $881M vs. $863M expected; subscription revenue grew ~23% year‑over‑year — a clear top‑line/earnings beat that likely drove the rally. Read More.
• Positive Sentiment: Material FY 2026 EPS guidance beat: management gave FY EPS guidance of 13.04–13.12 vs. Street at ~10.69, signaling much stronger full‑year profitability expectations. Read More.
• Positive Sentiment: Q2 EPS guide ahead of consensus: HubSpot guided Q2 EPS to $3.00–3.02 vs. ~2.40 expected, indicating near‑term margin/operating leverage improvement. Read More.
• Positive Sentiment: AI product momentum: coverage highlights Breeze/AI agents and an “AI‑first” CRM push — investors are pricing in growth/leverage potential if adoption continues. Read More.
• Neutral Sentiment: Q2 revenue guide roughly flat vs. expectations: revenue guidance of ~$897–898M is essentially in line (tiny short of $898.4M consensus) — not a clear catalyst either way. Read More.
• Neutral Sentiment: Insider selling disclosed: an executive sold 915 shares to cover tax withholding on vesting — disclosed as routine, so limited signal to long‑term investors. Read More.
• Neutral Sentiment: Analyst backdrop mixed: the stock retains a strong “buy” skew (majority of analysts), but many targets have been trimmed from prior highs — consensus remains a moderate buy. Read More.
• Negative Sentiment: Valuation and margins remain potential headwinds: trailing P/E is very high (~280x) and reported net margin was ~1.5% in the quarter — raises sensitivity to execution and growth deceleration risk. Read More.

Institutional Investors Weigh In On HubSpot

Institutional investors have recently modified their holdings of the business. Empowered Funds LLC grew its holdings in shares of HubSpot by 88.5% in the 1st quarter. Empowered Funds LLC now owns 1,570 shares of the software maker’s stock valued at $897,000 after buying an additional 737 shares during the period. NewEdge Advisors LLC raised its stake in HubSpot by 12.1% during the 2nd quarter. NewEdge Advisors LLC now owns 4,788 shares of the software maker’s stock worth $2,665,000 after buying an additional 516 shares during the period. Treasurer of the State of North Carolina raised its stake in HubSpot by 4.7% during the 2nd quarter. Treasurer of the State of North Carolina now owns 23,754 shares of the software maker’s stock worth $13,222,000 after buying an additional 1,077 shares during the period. Osterweis Capital Management Inc. bought a new position in HubSpot during the second quarter worth about $34,000. Finally, Alliancebernstein L.P. grew its stake in HubSpot by 35.0% in the second quarter. Alliancebernstein L.P. now owns 376,076 shares of the software maker’s stock valued at $209,335,000 after acquiring an additional 97,469 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

About HubSpot

HubSpot, Inc is a software company that develops a cloud-based customer relationship management (CRM) platform designed to help organizations attract, engage and delight customers. Its primary business activities center on providing integrated marketing, sales and customer service tools that support inbound marketing strategies, content management, lead nurturing, sales automation and customer support workflows.

The company’s product suite is organized around modular “hubs” built on a central CRM: Marketing Hub, Sales Hub, Service Hub, CMS Hub and Operations Hub.