Abaxx Technologies Inc. on Thursday reported second-quarter 2026 earnings that exceeded analyst expectations, though its shares declined 8.5% in after-hours trading.
The Singapore-based data and analytics firm posted adjusted earnings per share of 12 cents, topping the 9-cent consensus estimate compiled by Refinitiv. Revenue for the period rose 14% year-over-year to $112.4 million, also surpassing the $108.7 million forecast.
Despite the positive financial performance, Abaxx’s stock fell 8.5% in extended trading following the release. Analysts attributed the decline to broader market sentiment in the data analytics sector, where growth concerns have weighed on valuations in recent sessions.
Abaxx’s management highlighted strong demand for its proprietary data platforms and enterprise solutions, particularly in Asia-Pacific markets. The company reaffirmed its full-year 2026 guidance, projecting revenue growth of 12-14% and adjusted EPS in the range of 45-50 cents.
Investor reaction underscored the disconnect between fundamentals and market sentiment, with some analysts noting that sector-wide multiples have compressed amid rising interest rates and reduced risk appetite in technology stocks.
