Magnite (MGNI) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Reported EPS
- $0.26
- Estimate
- $0.26
- Surprise
- -1.1%
- Revenue (period 2026-06-30)
- $192.8M
- Score at report (before → after)
- 5.4 → 5.5/10
Revenue source: xbrl.
How the report landed
Magnite (MGNI) reported diluted EPS of $0.26, in line with the $0.26 estimate. TrendMatrix's engine moved from Buy (Wait) (5.4/10) to Sell at 5.5/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates MGNI Sell at 5.9/10.
1 of the last 4 quarters beat the estimate; this quarter's -1.1% surprise compares with a +5.1% four-quarter average. Next scheduled report: 2026-11-04.
What supports the rating
- Strong growth profile
- Wide economic moat
What argues against it
- Thin upside margin: 4.8%
- Sector modifier (Communication Services): -0.8
- Negative momentum
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $23.77
- Price target
- $24.90
- Stop
- $22.11
- Upside to target
- +4.8%
- Reward-to-risk
- 0.6:1
At 21.6× trailing and 18.4× forward earnings, consensus estimates imply little change in earnings power.
Model outputs from TrendMatrix’s engine as of 2026-09-14 — shown for context, not personalized investment advice.
MGNI at TrendMatrix's latest read
Communication and media names are subscriber-economics stories; engagement and ARPU trends behind the print drive the reaction.
- Industry
- Advertising Agencies
- Market cap
- $3.41B
- P/E (fwd)
- 18.4
- P/E (ttm)
- 21.6
- 52-week range
- $10.82–$26.19
- Off 52-week high
- 9.2%
- RSI (14)
- 52
- Volume vs avg
- 0.54×
- Score today
- 5.9/10