Innodata Stock Explodes 88% on Record Q1 Earnings Beat, Raised 2026 Outlook and Major AI Deals |
NEW YORK — Innodata Inc. (NASDAQ: INOD) shares skyrocketed more than 88% in morning trading Thursday after the AI data engineering company delivered blockbuster first-quarter 2026 results that far exceeded expectations, dramatically raised its full-year revenue guidance to 40% or more, and announced significant new engagements with Big Tech clients expected to generate tens of millions in additional revenue.
The stock, which closed Wednesday at roughly $45.64, surged as high as $86.04 intraday on extraordinarily heavy volume. By late morning, shares traded around $86, up more than $40, adding roughly $2 billion in market capitalization in a single session and pushing the company's valuation well above $3 billion. The move ranks among the largest single-day percentage gains in the company's history and reflects intense investor enthusiasm for its expanding role in the generative AI ecosystem.
Innodata reported first-quarter revenue of $90.1 million, a stunning 54% increase from the prior year and well above consensus estimates around $76.5 million. Adjusted gross margin expanded to 47%, adjusted EBITDA reached $25 million (28% of revenue), and net income rose to........