Mitek Systems (MITK) 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
- Reported EPS
- $0.34
- Estimate
- $0.28
- Surprise
- +23.2%
- Revenue (period 2026-06-30)
- $54.0M
- Score at report (before → after)
- 5.9 → 6.2/10
Revenue source: xbrl.
How the report landed
Mitek Systems (MITK) beat the $0.28 estimate with diluted EPS of $0.34 — a large 23.2% upside surprise. TrendMatrix's engine moved from Buy (Wait) (5.9/10) to Hold at 6.2/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates MITK Buy (Wait) at 6.5/10.
4 of the last 4 quarters beat the estimate; this quarter's +23.2% surprise compares with a +26.6% four-quarter average. Next scheduled report: 2026-12-10.
What supports the rating
- V7 quality resilience bonus: +0.2 (Q=7.6 in RISK_OFF)
- Strong earnings beat streak (4/4)
What argues against it
- Concentration risk — Product: mobile imaging technology and software products
- Thin upside margin: 8.7%
- Sector modifier (Technology): -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
- $17.84
- Entry target
- $16.16
- Price target
- $19.23
- Stop
- $14.50
- Upside to target
- +7.8%
- Reward-to-risk
- 0.9:1
The stock trades at 38.3× trailing but 15.1× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-09-17 — shown for context, not personalized investment advice.
MITK at TrendMatrix's latest read
Technology names get repriced on forward expectations more than trailing prints — a quarter here is read through next-year growth and multiple, not the EPS line alone.
- Industry
- Software - Application
- Market cap
- $811.3M
- P/E (fwd)
- 15.1
- P/E (ttm)
- 38.3
- 52-week range
- $8.53–$21.05
- Off 52-week high
- 15.2%
- RSI (14)
- 50
- Volume vs avg
- 0.84×
- Score today
- 6.5/10