Magnite (MGNI) Q3 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 · Editorial policy
Key numbers
- Adjusted EPS
- $0.33
- Estimate
- $0.28
- Surprise
- +16.9%
- Revenue (period 2026-09-30)
- $204.2M
- Score at report (before → after)
- 6.2 → 6.2/10
Revenue source: xbrl.
How the report landed
Magnite (MGNI) beat the $0.28 estimate with adjusted EPS of $0.33 — a large 16.9% upside surprise. TrendMatrix's engine moved from Sell (6.2/10) to Hold at 6.2/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates MGNI Hold at 6.1/10.
2 of the last 4 quarters beat the estimate; this quarter's +16.9% surprise compares with a +8.7% four-quarter average. Next scheduled report: 2027-02-24.
What supports the rating
- Positive news sentiment (+0.77)
- Strong growth profile
What argues against it
- Analyst target reached - limited upside remaining
- Near 52-week high (2.5% away)
- Sector modifier (Communication Services): -0.8
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
- $27.46
- Stop
- $25.54
The stock trades at 25.0× trailing but 20.8× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-11-06 — 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
- $3.95B
- P/E (fwd)
- 20.8
- P/E (ttm)
- 25.0
- 52-week range
- $10.82–$28.17
- Off 52-week high
- 2.5%
- RSI (14)
- 69
- Volume vs avg
- 0.47×
- Score today
- 6.1/10