The large EPS miss will likely pressure the stock in the near term, but the maintained full-year guidance and $100M buyback provide a floor. Monitor the Q3 earnings call for any revision to the full-year outlook and the pace of buyback execution.
Price Chart
Executive Summary
MNTN reported Q2 2026 revenue of $82.5M (+21% YoY) and GAAP EPS of $0.09, missing the $0.20 consensus by 55%. The company maintained its full-year 2026 revenue guidance of $347M-$357M and announced a $100M stock buyback. The EPS miss is significant, but the strong revenue growth, expanding margins, and buyback signal management confidence, creating a mixed picture for traders.
Key Financial Metrics
Key Facts
- Q2 2026 revenue grew 21% YoY to $82.5M.
- GAAP diluted EPS was $0.09, missing the $0.20 consensus estimate.
- Gross margin improved to 80% from 77% in Q2 2025.
- Net income was $6.7M vs a net loss of $26.2M in Q2 2025.
- Adjusted EBITDA grew 48% YoY to $21.5M, representing 26% of revenue.
- Board authorized a $100M stock repurchase program through August 2027.
- Full-year 2026 revenue guidance maintained at $347M-$357M.
- Active Performance TV customers grew 40% YoY to 4,225.
Financial Impact
EPS miss of $0.11 vs $0.20 consensus (-55%) is a significant negative surprise, partially offset by 21% revenue growth and a $100M buyback authorization.
Risk Factors
- EPS miss of 55% vs consensus could trigger a sharp sell-off.
- Full-year guidance may be at risk if Q3 revenue falls short of the $86M-$89M range.
- The buyback is discretionary and may not be executed if cash flow weakens.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001891027-26-000070 |
| Document: mntn-20260804.htm | 0001891027-26-000070 |
| Document: 0001891027-26-000070-index-headers.html | 0001891027-26-000070 |
| Document: 0001891027-26-000070-index.html | 0001891027-26-000070 |
| Document: 0001891027-26-000070.txt | 0001891027-26-000070 |
| 8-K Data (Synthetic) | 0001891027-26-000070 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 4, 2026 11w ago | 8-K | $10.43 $13.13 | ▲ +25.89% | ▲ +26.49% | $9.68 (−7.19%) |
Jun 11, 2026 19w ago | Institutional Cluster | $8.53 $10.80 | ▲ +26.61% | ▲ +24.72% | $9.68 (+13.48%) |
US Market Status
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