Innodata IncReaffirms 40% revenue growth, Q2 revenues up 58%, and expanding customer base including a new frontier AI lab.

Innodata Inc. has reaffirmed its expectation for at least 40% year-over-year revenue growth in 2026, with management noting that several large potential engagements are not yet included in the outlook. Second-quarter revenues jumped 58% year over year to $92.1 million, while adjusted EBITDA surged 92% to $25.4 million. The company's largest customer accounted for 37% of second-quarter revenues, down from 56% in the first quarter, while a newer Big Tech customer expanded to 34% from 17%. Innodata also added a fast-scaling frontier AI lab and is pursuing opportunities in agentic reinforcement learning, model evaluation, cybersecurity, and physical AI. The Zacks Consensus Estimate for Innodata's 2026 sales and earnings implies year-over-year growth of 42.1% and 28.3%, respectively, and the stock carries a Zacks Rank #3 (Hold).
Innodata IncReaffirms 40% revenue growth, Q2 revenues up 58%, and expanding customer base including a new frontier AI lab.
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