Open Text (OTEX) 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
- $1.23
- Estimate
- $1.04
- Surprise
- +17.8%
- Revenue (period 2026-06-30)
- $1.35B
- Score at report (before → after)
- 5.9 → 6.1/10
Revenue source: xbrl.
How the report landed
Open Text (OTEX) beat the $1.04 estimate with diluted EPS of $1.23 — a large 17.8% upside surprise. TrendMatrix's engine moved from Buy (Wait) (5.9/10) to Sell at 6.1/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates OTEX Sell at 5.3/10.
4 of the last 4 quarters beat the estimate; this quarter's +17.8% surprise compares with a +10.9% four-quarter average. Next scheduled report: 2026-11-05.
What supports the rating
- Strong earnings beat streak (4/4)
- Attractive valuation
What argues against it
- Analyst target reached - limited upside remaining
- Sector modifier (Technology): -0.8
- Leverage penalty (D/E 1.5): -0.5
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
- $23.94
- Price target
- $24.32
- Stop
- $22.52
- Upside to target
- +1.6%
- Reward-to-risk
- 0.3:1
The stock trades at 9.1× trailing but 5.8× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-09-04 — shown for context, not personalized investment advice.
OTEX 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
- $6.03B
- P/E (fwd)
- 5.8
- P/E (ttm)
- 9.1
- 52-week range
- $19.78–$39.90
- Off 52-week high
- 40.0%
- RSI (14)
- 52
- Volume vs avg
- 0.95×
- Score today
- 5.3/10