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Sentiment · FY2026 Q2
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Andrew Boone | Citizens JMP Securities | 7 (14%) |
| Matthew Cost | Morgan Stanley | 7 (29%) |
| Clark Lampen | BTIG | 6 (17%) |
| Vasily Karasyov | Cannonball Research | 5 (20%) |
| Alec Brondolo | Wells Fargo | 5 (40%) |
| Brent Thill | Jefferies | 4 (25%) |
| Martin Yang | Oppenheimer | 3 (0%) |
| Tom Champion | Piper Sandler | 3 (0%) |
| Chris Kuntarich | UBS | 3 (33%) |
| Eric Sheridan | Goldman Sachs | 3 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Morgan Stanley | 1 | 7 (29%) |
| Citizens JMP Securities | 1 | 7 (14%) |
| BTIG | 1 | 6 (17%) |
| Cannonball Research |
| 1 |
| 5 (20%) |
| Jefferies | 2 | 5 (20%) |
| Wells Fargo | 1 | 5 (40%) |
| Goldman Sachs | 2 | 4 (0%) |
| Piper Sandler | 2 | 4 (0%) |
Unity posted strategic revenue growth of 35% year-over-year and its best adjusted EBITDA margin in over two years at 27%, up 65% year-over-year. Strategic Grow revenue of $279 million grew 49% on Vector, whose revenue is now 80% larger than a year ago after a fourth straight quarter of 15% sequential growth, while Create strategic revenue of $154 million rose 15%. Adjusted EBITDA of $138 million and margin expansion of 800 basis points, combined with stock comp down 20% and M&A amortization running off, led management to forecast GAAP net income profitability by the fourth quarter of 2026. The cash balance reached $2.15 billion as trailing twelve-month free cash flow grew 50% to $463 million. GAAP results remained a net loss (EPS -$0.80, inflated by one-time strategic-action and amortization charges), but the accelerating strategic business, margin trajectory and Unity AI and commerce launches guided the company toward its first-ever GAAP profitability.
Revenue Growth | Cloud & AI | Competitive Dynamics | Demand | Guidance Reliability | Geographic Expansion | Product Launch | Margin | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 5 | 5 | 2 | 2 | 1 | 3 | 1 | |
| 2025Q1 | 4 | 4 | 2 | 1 | ||||
| 2025Q2 | 8 | 6 | 3 | 3 | 1 | 1 | ||
| 2025Q3 | 7 | 3 | 2 | 2 | 2 | 2 | 1 | 1 |
| 2025Q4 | 4 | 3 | 3 | 4 | 1 | 1 | ||
| 2026Q1 | 3 | 6 | 1 | 1 | 1 | 1 | 2 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 5 | 4 | 8 | 7 | 4 | 3 |
| Cloud & AI | 5 | 4 | 6 | 3 | 3 | 6 |
| Competitive Dynamics | 2 | 2 | 3 | 2 | 3 | 1 |
| Demand | 1 | 3 | 2 | 4 | 1 | |
| Guidance Reliability | 2 | 1 | 2 | 1 | ||
| Geographic Expansion | 1 | 1 | 2 | 1 | 1 | |
| Product Launch | 3 | 1 | 1 | |||
| Margin | 1 | 1 | 2 |
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $457M | -25.0% | $-0.30 | +54.5% | — | -27.1% | -26.8% | $106M |
| FY2025 Q1 | $435M | -5.5% | $-0.19 | +74.7% | — | -29.4% | -17.8% | $7M |
| FY2025 Q2 | $441M | -1.9% | $-0.26 | +18.8% | — | -26.9% | -24.7% | $127M |
| FY2025 Q3 | $471M | +5.4% | $-0.30 | +3.2% | — | -26.7% | -26.9% | $151M |
| FY2025 Q4 | $503M | +10.1% | $-0.21 | +30.0% | — | -19.5% | -17.9% | $119M |
| FY2026 Q1 | $508M | +16.8% | $-0.80 | -321.1% | — | -69.1% | -68.3% | $66M |
| FY2026 Q2 | $546M | +23.9% | $-0.05 | +80.8% | — | -5.9% | -4.3% | $202M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
U Unity Software Inc. | 9 | +16.8% | |
| ADSK Autodesk | 10 | +19.8% | |
| AI C3.ai, Inc. | 1 | -46.1% | |
| APP Applovin Corp | 9 | +59.0% | |
| CDNS Cadence Design Systems | 9 | +18.7% | |
| CHYM Chime Financial, Inc. Class A Common Stock | 10 | +24.8% | |
| CRM Salesforce, Inc. | 9 | +12.1% | |
| DDOG Datadog | 10 | +32.1% | |
| FICO Fair Isaac | 9 | +38.7% | |
| FIG Figma, Inc. | 9 | +46.1% | |
| INTU Intuit | 9 | +17.4% | |
| MSTR MicroStrategy Inc. | 7 | +11.9% | |
| NOW ServiceNow | 7 | +22.1% | |
| PTC PTC Inc. | 9 | +21.7% | |
| SHOP Shopify | 8 | +34.3% | |
| SNOW Snowflake Inc. | 9 | +30.1% | |
| SOUN SoundHound AI, Inc. | 8 | +51.7% | |
| TEAM Atlassian | 7 | +31.7% | |
| TTD The Trade Desk, Inc. | 8 | +11.8% | |
| TYL Tyler Technologies | 8 | +8.6% | |
| UBER Uber | 8 | +14.5% | |
| WDAY Workday, Inc. | 7 | +14.5% |