The raised guidance and strong cash flow generation support the growth narrative. Watch for Q4 results to see if the Salesforce partnership and AI-driven customer wins translate into sustained double-digit revenue growth into 2027.
Price Chart
Executive Summary
Bandwidth reported Q3 2026 revenue of $234M (up 22% YoY), Adjusted EBITDA of $35M (up 43% YoY), and raised full-year 2026 guidance to $905M-$910M revenue and $124M-$125M Adjusted EBITDA. The company also amended its credit facility, increasing revolving commitments from $150M to $200M and extending maturity to 2031. A new board member (Chip Schroeder, former Silver Lake MD) was appointed on the same day.
Key Financial Metrics
Key Facts
- Q3 2026 revenue of $234M, up 22% YoY from $192M
- Adjusted EBITDA of $35M, up 43% YoY from $24M, with margin expanding to 22%
- Non-GAAP diluted EPS of $0.50 vs consensus estimate of $0.47 (beat)
- Full-year 2026 guidance raised: revenue to $905M-$910M (from $900M-$910M), Adjusted EBITDA to $124M-$125M (from $123M-$125M)
- Credit facility amended: revolving commitments increased from $150M to $200M, maturity extended to October 2031
- Board expanded to six members with appointment of Charles R. 'Chip' Schroeder, former Silver Lake managing director
- Free cash flow of $33M in Q3, up from $13M in prior year
- Non-GAAP gross margin improved to 61% from 58% YoY
Financial Impact
Revenue growth of 22% YoY, Adjusted EBITDA growth of 43% YoY, EPS beat of $0.03 vs consensus
Risk Factors
- GAAP gross margin declined to 36% from 38% YoY, though non-GAAP gross margin improved to 61%
- Stock-based compensation remains elevated at $13.5M for the quarter
- Convertible debt of $310.6M on the balance sheet adds leverage risk
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001514416-26-000080 |
| Document: band-20261026.htm | 0001514416-26-000080 |
| Document: 0001514416-26-000080-index-headers.html | 0001514416-26-000080 |
| Document: 0001514416-26-000080-index.html | 0001514416-26-000080 |
| Document: 0001514416-26-000080.txt | 0001514416-26-000080 |
| 8-K Data (Synthetic) | 0001514416-26-000080 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 3d ago | 8-K | $53.11 | awaiting T+5 | awaiting T+5 | $47.34 (−10.86%) |
Oct 29, 2026 3d ago | 8-K | $53.11 | awaiting T+5 | awaiting T+5 | $47.34 (−10.86%) |
Sep 22, 2026 5w ago | Institutional Cluster | $58.40 $62.28 | ▲ +6.64% | ▲ +7.83% | $47.34 (−18.94%) |
Sep 15, 2026 6w ago | 8-K | $50.08 $50.23 | ▲ +0.30% | ▼ −0.52% | $47.34 (−5.47%) |
Sep 15, 2026 6w ago | Press Release | $50.08 $50.23 | ▲ +0.30% | ▼ −0.52% | $47.34 (−5.47%) |
Sep 4, 2026 8w ago | 8-K | $43.77 $48.97 | ▲ +11.88% | ▲ +13.09% | $47.34 (+8.16%) |
Sep 3, 2026 8w ago | Insider Cluster | $43.77 $48.97 | ▲ +11.88% | ▲ +13.09% | $47.34 (+8.16%) |
Sep 2, 2026 8w ago | Insider Cluster | $47.09 $56.87 | ▲ +20.77% | ▲ +21.92% | $47.34 (+0.53%) |
Sep 1, 2026 8w ago | Insider Cluster | $47.55 $51.62 | ▲ +8.56% | ▲ +9.52% | $47.34 (−0.44%) |
Aug 27, 2026 9w ago | 144 | $49.00 $43.77 | ▼ −10.67% | ▼ −10.78% | $47.34 (−3.39%) |
US Market Status
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