Stride beat Wall Street's revenue and earnings expectations for its second quarter of fiscal year 2026, sending shares up 5.8% to $85.17 in immediate after-hours trading. Revenue fell 2.7% year on year to $636.1 million, but still exceeded analyst estimates of $627.3 million by 1.4%. Adjusted earnings per share came in at $2.12, a 10.8% beat over the consensus estimate of $1.91, while adjusted EBITDA of $149.8 million topped forecasts by 2.9%. The company's operating margin improved to 16.6% from 8.7% a year earlier, and free cash flow margin rose to 46% from 43.4%. CEO Robert Knowling said he is pleased to lead Stride as it positions for its next chapter of growth.
Stride IncStride beat revenue and EPS estimates, with improved margins and free cash flow, driving shares up 5.8%.
