AvePoint (AVPT) Q2 2026 earnings summary

Executive summary

• Achieved Q2 2026 total revenue of $124.5 million, up 22% year-over-year, with SaaS revenue at $98.5 million, up 27% year-over-year, and total ARR reaching $465.1 million, up 27% year-over-year.

• Customer base expanded to over 28,500, with 911 customers generating more than $100K in ARR as of June 30, 2026.

• Demand for AI governance and trust solutions is accelerating, with new product launches and platform advancements, including AgentPulse and Confidence Platform.

• Expanded relationships with major enterprises and strong channel performance drove upsell and cross-sell opportunities.

• Demonstrated strong profitability, with non-GAAP operating income margin at 16.3% and free cash flow margin at 22% on a trailing twelve-month basis.

Financial highlights

• Q2 2026 total revenue was $124.5 million (+22% YoY); SaaS revenue was $98.5 million (+27% YoY), representing 79% of total revenue.

• Total ARR ended at $465.1 million (+27% YoY); net new ARR was a record $29.9 million (+35% YoY).

• Gross profit was $91.7 million (73.7% margin); software gross margins remained strong at 83%.

• Non-GAAP operating income was $20.3 million (16.3% margin); GAAP operating margin was 8.2%.

• Free cash flow for the trailing 12 months surpassed $100 million at a 22% margin.

Outlook and guidance

• Full-year 2026 ARR guidance raised to $522.1–$528.1 million (26% growth at midpoint); revenue guidance raised to $508.5–$512.5 million (22% growth at midpoint).

• Full-year non-GAAP operating income expected at $86.4–$88.4 million; Q3 revenue expected at $128.2–$130.2 million with non-GAAP operating income of $21–$22 million.

• Long-term targets for 2029 include $1B ARR, 80% gross margin, and 27.5% operating margin.

• Guidance reflects expected FX headwinds and increased expense plans for H2 2026.

• Continued investment in technology, sales, marketing, and R&D to capture market demand and drive long-term growth.