Life360 shares tumbled 25.7% after the company reported second-quarter results and left its full-year profitability and revenue guidance unchanged. Revenue rose 38% year-over-year to $159 million, with international growth of 45% outpacing a 25% domestic increase, while GAAP earnings fell to $0.06 per diluted share from $0.08 a year earlier. The company is accelerating its exit from hardware sales, lowering that segment's full-year revenue target, but raised the midpoint of its subscription revenue range to $477.5 million from $472.5 million. Investors had expected another guidance lift after the company boosted targets three months ago, and the unchanged outlook, combined with the declining hardware business, fueled the sell-off. CFO Russell Burke noted that an ongoing transition to AI-native operations should begin to deliver benefits in 2027 and beyond.
Life360, Inc. Common StockUnchanged full-year guidance and declining hardware business disappointed investors, causing a 25.7% plunge.
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