PubMatic (PUBM) Q3 2026 earnings — TrendMatrix coverage

Adjusted EPS

$0.25

Estimate

$0.14

Surprise

+78.6%

Revenue (period 2026-09-30)

$79.6M

Score at report (before → after)

5.6 → 5.6/10

Revenue source: xbrl.

PubMatic (PUBM) beat the $0.14 estimate with adjusted EPS of $0.25 — a large 78.6% upside surprise. TrendMatrix's engine moved from Sell (5.6/10) to Hold at 5.6/10 after the report.

• RBC Capital Maintains Outperform on PubMatic, Raises Price Target to $22 — benzinga, 2026-11-10
• PubMatic Reports Q3 2026 Earnings and Announces $150 Million Share Buyback — fiscal.ai, 2026-11-10
• Analysts Adjust Price Targets on PubMatic Following Q3 Results — fiscal.ai, 2026-11-10

TrendMatrix currently rates PUBM Hold at 5.6/10.

4 of the last 4 quarters beat the estimate; this quarter's +78.6% surprise compares with a +375.7% four-quarter average.

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.

Current price

$16.96

Price target

$18.27

Stop

$15.77

Upside to target

+7.7%

Reward-to-risk

0.6:1

Model outputs from TrendMatrix’s engine as of 2026-11-10 — shown for context, not personalized investment advice.

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

$866.8M

P/E (fwd)

23.4

52-week range

$6.15–$19.48

Off 52-week high

12.9%

RSI (14)

47

Volume vs avg

0.80×

Score today

5.6/10