Magnite (MGNI) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Adjusted EPS
- $0.26
- Estimate
- $0.26
- Surprise
- -1.1%
- Revenue (period 2026-06-30)
- $192.8M
- Score at report (before → after)
- 5.4 → 5.5/10
Revenue source: xbrl.
How the report landed
Magnite (MGNI) reported adjusted EPS of $0.26, in line with the $0.26 estimate. TrendMatrix's engine moved from Buy (Wait) (5.4/10) to Sell at 5.5/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates MGNI Sell at 6.2/10.
1 of the last 4 quarters beat the estimate; this quarter's -1.1% surprise compares with a +5.1% four-quarter average. Next scheduled report: 2026-11-04.
What supports the rating
- Strong growth profile
- Wide economic moat
What argues against it
- Thin upside margin: 5.1%
- Sector modifier (Communication Services): -0.8
- Reward/Risk 0.6:1 at current price — below 1.5:1 minimum
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $25.40
- Price target
- $26.70
- Stop
- $23.62
- Upside to target
- +5.1%
- Reward-to-risk
- 0.6:1
The stock trades at 23.1× trailing but 19.2× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-10-12 — shown for context, not personalized investment advice.
MGNI at TrendMatrix's latest read
Communication and media names are subscriber-economics stories; engagement and ARPU trends behind the print drive the reaction.
- Industry
- Advertising Agencies
- Market cap
- $3.64B
- P/E (fwd)
- 19.2
- P/E (ttm)
- 23.1
- 52-week range
- $10.82–$26.84
- Off 52-week high
- 5.4%
- RSI (14)
- 51
- Volume vs avg
- 0.67×
- Score today
- 6.2/10