Innodata Reports Q3 2026 Record Revenue Growth and Raises Full-Year Guidance
Innodata (INOD) reported strong third-quarter results for 2026, with revenue reaching $95.6 million, a 53% increase year-over-year. The company's performance exceeded analyst expectations significantly, posting an adjusted EBITDA of $17.7 million and diluted EPS of $0.29, which was 70% higher than consensus estimates. Growth was primarily driven by the expansion of existing large customer programs and new business wins in specialized sectors like reinforcement learning and physical AI. Despite a significant headwind—the cancellation of a program by its largest customer expected to cost $12 million in Q4 revenue—management raised its full-year 2026 revenue growth guidance to 42% or more. The company is seeing substantial momentum in the hyperscaler and robotics sectors, forecasting over $20 million in hyperscaler revenue for 2027 and reporting high volumes of robot executable labeling jobs.
Tickers: $INOD
Topics: Customer Contracts EBITDA Beat EPS Beat Guidance Raise Revenue Growth