Alarm.com reported second-quarter results that exceeded expectations and raised its full-year guidance. Revenue grew 9.2% year on year to $277.7 million, beating analyst estimates of $264.8 million, while adjusted earnings per share of $0.77 came in 18.9% above the consensus of $0.65. The company lifted its full-year revenue guidance to $1.08 billion at the midpoint, up from $1.07 billion, and raised its adjusted EPS outlook to $2.93. Management attributed the strong performance to accelerating growth in commercial and energy segments, which collectively grew over 30% year over year, driven by enterprise demand for AI-enabled video surveillance and expanding utility programs through EnergyHub.
Alarm.com Holdings IncQ2 revenue and EPS beat, full-year guidance raised
Expanding utility programs through EnergyHub drive growth
