Computer Modelling Group Q1 2026 earnings miss estimates

Computer Modelling Group Ltd. reported first-quarter 2026 earnings that fell short of analyst estimates, according to an earnings call transcript.

The Calgary-based energy software provider posted adjusted earnings per share for the quarter that trailed consensus forecasts compiled by market data providers. Revenue also came in below projections, reflecting weaker-than-anticipated demand for its reservoir simulation and modelling solutions.

Management attributed the shortfall to delayed customer spending and softer activity in key oil and gas markets. The company noted that while project pipelines remain healthy, timing delays in client budgets impacted near-term revenue recognition.

Computer Modelling Group’s chief executive said the firm expects conditions to improve in the second half of the fiscal year as project commencements accelerate. The executive reiterated confidence in long-term growth driven by energy transition initiatives and digitalization in the sector.

Shares of Computer Modelling Group fell following the release of the earnings results. Analysts at major brokerages had forecast adjusted EPS of $0.35 for the quarter, with revenue projected at $65 million. The company did not provide specific guidance for the upcoming quarter.

The earnings miss underscores challenges in the energy software segment amid volatile commodity prices and capital expenditure cycles in the oil and gas industry.