Innodata (INOD) Stock Surges 25% on Massive AI Data Wins and Record Q1 Earnings Beat |
NEW YORK — Shares of Innodata Inc. (NASDAQ: INOD) exploded higher Monday, rising more than 25% in morning trading to $106.72 as investors continued to pile into the AI data engineering and generative AI services company following its blockbuster first-quarter results and sharply raised 2026 outlook.
The surge extends the extraordinary momentum the stock has seen since its earnings release on May 7, when it more than doubled in a single session. Monday's move pushed Innodata's year-to-date gains well over 300%, turning the once-obscure data services firm into one of the hottest AI-related plays on Wall Street.
Record Q1 results ignite rally
Innodata reported first-quarter revenue of $90.1 million, a 54% increase from the prior year and well ahead of consensus estimates. Adjusted EBITDA soared to $25.0 million, crushing expectations by 139%, while adjusted gross margin expanded to 47%. Net income nearly doubled to $14.9 million, or $0.42 per diluted share.
CEO Jack Abuhoff highlighted strong execution across the company's AI-focused businesses, particularly in data annotation, model training support, and evaluation services for large language models. The results reflect........