CHGG

Chegg’s second quarter was marked by a 50.7% year-over-year revenue decline, which contributed to a significant negative market reaction. Management attributed the results to ongoing transformation efforts, particularly the company’s shift toward an AI-driven platform and the integration of academic, skilling, and employability services. CEO Dan Rosensweig acknowledged the business impact of artificial intelligence on the legacy model, stating, “AI created real headwinds for this company, and we responded by strengthening our balance sheet, rebuilding an AI-first cost structure and expanding our vision towards a much larger opportunity.” Is now the time to buy CHGG? Find out in our full research report (it’s free). Revenue: $51.85 million vs analyst estimates of $49.5 million (50.7% year-on-year decline, 4.8% beat) Adjusted EPS: -$0.02 vs analyst estimates of -$0.05 (60% beat) Adjusted EBITDA: $9.05 million vs analyst estimates of $5.51 million (17.5% margin, 64.2% beat) Revenue Guidance for Q3 CY2026 is $43.5 million at the midpoint, below analyst estimates of $48.28 million EBITDA guidance for Q3 CY2026 is $1.5 million at the midpoint, below analyst estimates of $6.02 million Operating Margin: -6.1%, up from -13.8% in the same quarter last year Market Capitalization: $88.76 million While we enjoy listening to the management’s commentary, our favorite part of earnings calls is the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Ryan MacDonald (Needham & Company) asked about the rationale for Chegg’s employability focus and differentiation from competitors such as LinkedIn and Handshake. CEO Dan Rosensweig explained that Chegg’s student-centric approach and integration of job search, networking, and application automation set it apart. MacDonald (Needham & Company) followed up on how the new employability platform informs content creation and whether more content will be created in-house or via AI. Rosensweig described a shift toward producing modular, AI-driven content tailored to specific skill and job requirements. MacDonald (Needham & Company) questioned the approach to driving awareness for the employability platform among students. Rosensweig pointed to Chegg’s existing high web traffic and legacy brand presence, as well as the relaunch of Internships.com, as key channels. MacDonald (Needham & Company) inquired about expectations for free cash flow and the impact of severance payments. CFO David Longo indicated that most severance costs are behind the company and expects positive free cash flow in the second half of the year. No other analysts participated in the call or asked questions during the session. In the coming quarters, the StockStory team will be watching (1) user adoption rates and engagement metrics for Chegg’s new employability platform, (2) the company’s ability to secure and scale new distribution partnerships in the skilling segment, and (3) further AI-driven cost reductions and operational streamlining. Progress on integrating language, skills, and career support into a unified platform will also be a key indicator of execution. Chegg currently trades at $0.82, down from $1.03 just before the earnings. At this price, is it a buy or sell? Find out in our full research report (it’s free for active Edge members). ONE MORE THING: Top 6 Stocks for This Week. This market is separating quality stocks from expensive ones fast. AI is taking down whole sectors with no warning. In a rotation this fast, you need more than a list of good companies. Our AI system flagged Palantir before it ran 1,662% between October 2022 and February 2026. AppLovin before it ran 753% between February 2024 and February 2026. Nvidia before it ran 1,178% between January 2023 and February 2026. Each week it produces 6 new names that pass the same tests. Get Our Top 6 Stocks for Free HERE. Stocks that have made our list include now familiar names such as Nvidia (+1,460% between June 2020 and June 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+271% between June 2020 and June 2025). Find your next big winner with StockStory today.

Image source: The Motley Fool. Thursday, Aug. 6, 2026 at 8:30 a.m. ET Vice President of Investor Relations - Tracey Ford President and Chief Executive Officer - Daniel Rosensweig Chief Financial Officer - David Longo Operator: Greetings, and welcome to Chegg, Inc. Second Quarter 2026 Earnings Conference Call. [Operator Instructions] I would now like to turn the conference over to your host, Tracey Ford, Vice President of Investor Relations. Thank you. You may begin. Tracey Ford: Good afternoon. Thank you for joining Chegg's Second Quarter 2026 Conference Call. On today's call are Dan Rosensweig, President and CEO; and David Longo, Chief Financial Officer. A copy of our earnings press release, along with our investor presentation, is available on our Investor Relations website, investor.chegg.com. A replay of this call will also be available on our website. We routinely post information on our website and intend to make important announcements on our media center website at chegg.com/mediacenter. We encourage you to make use of these resources. Before we begin, I would like to point out that during the course of this call, we will make forward-looking statements regarding the future events, including the future financial and operating performance of the company. These forward-looking statements are subject to material risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. We caution you to consider the important factors that could cause actual results to differ materially from those in the forward-looking statements. In particular, we refer you to the cautionary language included in today's earnings release and the risk factors described in Chegg's annual report on Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission as well as our other filings with the SEC. Any forward-looking statements that we make today are based on assumptions that we believe to be reasonable as of this date. We undertake no obligation to update these statements as a result of new information or future events. During this call, we will present both GAAP and non-GAAP financial measures. Our GAAP results and GAAP to non-GAAP reconciliations can be found in our earnings press release and on the investor slide deck found on our IR website, investor.chegg.com. We also recommend you review the investor data sheet, which is also posted on our IR website. Now I will turn the call over to Dan. Daniel Rosensweig: Thank you, Tracey, and thanks, everyone, for joining Chegg's Second Quarter 2026 Earnings Call. We outperformed our expectations on revenue, adjusted EBITDA and cash, reflecting our ability to execute against our priorities while investing for future growth. The goals remain the same: return Chegg to growth with high margins and strong free cash flow. Starting last fall, we embarked on our next big chapter, rearchitecting the company to be AI first, building a sustainable cost structure and strengthening our balance sheet so we could accelerate our bigger vision. Chegg's mission to put students first and help them move from learning to earning, has never wavered. For almost 20 years, we have evolved to meet students' most important needs from inventing textbook rental model to make higher education more affordable, then providing 24/7 learning support through Chegg Study and then adding skills-based courses to help learners build the skills needed to advance their careers. Each transition has opened up a new chapter of growth for Chegg. And the foundation we have built across our products, technology and data now positions us to expand our focus on employability. We will help students build the skills, confidence and connections needed to graduate, find internships and transition into the workforce. Higher education continues to evolve, but one thing will never change. After completing whatever path they pursue, students need a job. For the nearly 20 million students entering today's job market over the next few years, that transition is filled with challenges and uncertainty. Beginning in Q3, we are soft launching the next generation of Chegg. By combining our proprietary data, AI and deep insight into how students learn and build careers, we will reduce the friction for students to get internships and then jobs. The new Chegg will help automate job search and matching while adding coaching that will help students pick the right major, the right courses and evaluate the right skills. Our plan is to automate the search, the match and coaching so students can build the right skills, take the right courses and make the right connections. Chegg will handle the hard parts of applying: tailoring resumes, drafting cover letters, auto-filling and submitting applications and even initiating alumni outreach on behalf of the students. We will then add the ability for students to get company-specific interview prep, personalized feedback and targeting skill-building courses to close any gaps standing between them and the job. The result is the platform that takes students from "I need a job" to "I am prepared, applied and connected" all in one place. It's this convergence of everything we have built, our academic platform, our skilling business and our language learning capability into one service that addresses one of the most pressing needs students face today. We have already had more than 10,000 students use the beta and provide feedback, and we will begin rolling out the new service across both Chegg and our site internships.com starting in the third quarter and all throughout 2027. As we expand our focus on employability, our skilling business remains an important part of the opportunity ahead by helping organizations build workforce capabilities and helping learners develop and apply relevant skills. We are creating a platform that connects learning, skills development and career outcomes. Chegg Skills has been built as a multichannel platform spanning enterprise, institutional, employer and marketplace channels to create a more diversified foundation for growth. We have already signed 6 new partners this year, including OpenSesame and Dale Carnegie, and those launches will take place over the second half of the year. We will continue to expand into enterprises and schools over the next few years using AI and data to dramatically expand and personalize our catalog while making our courses even more affordable. Our language skills are an important component of employability, helping people expand career opportunities and communicate more effectively in an increasingly global workforce. As a result, we are transforming our language offering from a language learning app into a performance platform, helping people communicate with confidence and impact in any language when it counts. Our new agentic coach, which understands each learner's goals and the context of each interaction helps you prepare for the moments that matter like a client call, a presentation or an interview. Early next year, we plan to have a seamless integration of our agentic coach into the learner's actual workflow, learning that shows up exactly when and where you need it. We are also expanding our skills offering into Europe, combining language learning with broader workforce capabilities. Underlying all of this has been the restructuring of our workforce to becoming AI first. AI allows us to personalize learning, improve outcomes and scale more efficiently and affordably, giving us a much leaner operating model, which allows us to return to being a growth business with high margins. When I look at the arc of what we have built and where we are headed, I feel genuinely confident. AI created real headwinds for this company, and we responded by strengthening our balance sheet, rebuilding an AI-first cost structure and expanding our vision towards a much larger opportunity. We are becoming an employability business, one that helps students develop skills, find internships, land jobs and grow throughout their careers. That is a more durable market, and we are uniquely positioned to own it. The financial foundation, David, will walk you through is what makes that all possible, and we look forward to updating you on our progress next quarter. With that, I'll turn it over to David. David Longo: Thank you, Dan, and good morning. Today, I will be reviewing our financial performance for the second quarter of 2026, along with the company's outlook for the third quarter. Our second quarter results exceeded our expectations, reflecting continued execution against our priorities. We are excited to take Chegg into its next chapter by expanding our focus on employability, addressing students' evolving needs while helping employers build a more skilled workforce, creating what we believe is a significant opportunity for long-term profitable growth. As we execute on our strategy, AI is improving operational efficiency across the company and driving meaningful gains in profitability and cash generation. We also repurchased shares during the quarter, reflecting our confidence in the company's long-term value while maintaining a disciplined approach to capital allocation. In the quarter, total revenue was $51.8 million, exceeding our expectations. We expanded our distribution partnerships, which we expect to contribute more meaningfully later this year while remaining focused on efficiently managing our academic services products to maximize cash generation. Chegg Study monthly retention continued to be very strong, reinforcing its long-term cash generation potential. Turning to expenses. Q2 non-GAAP operating expenses were $32.3 million, nearly cutting our expenses in half compared to the second quarter of last year. This significant reduction reflects our disciplined approach to expense management and enhanced use of AI to improve productivity and drive efficiencies across the company. We continue to identify opportunities to further optimize our cost structure. Adjusted EBITDA for the quarter was $9.1 million, representing a margin of 17%. Second quarter CapEx was $3.7 million, down by 49% year-over-year. For full year 2026, we are targeting a 60% reduction in CapEx. Free cash flow in the quarter was $6.4 million, which includes approximately $1.5 million of severance payments related to prior restructuring actions. In the first half of the year, we generated $9.5 million in free cash flow despite $14.4 million in severance payments. We expect to continue to generate meaningful free cash flow in the second half of the year. Looking at the balance sheet, we ended the quarter with $72.3 million in cash and investments and a net cash position of $38.5 million, providing us flexibility as we execute on our priorities. We've built a strong foundation for the future and are encouraged by the continued durability of our academic services products driven by strong monthly retention, the progress we are making leveraging AI to meaningfully improve our cost structure, the early traction we are seeing with new skilling distribution partnerships and the significant opportunity we see to expand through employability. Together, these reinforce our confidence in generating meaningful cash flow and creating long-term value. During the second quarter, we repurchased $1.7 million of our common stock and have $120.7 million remaining on our securities repurchase authorization. We believe our shares represent an attractive use of capital. Our strong balance sheet and continued ability to generate meaningful cash flow provide us with flexibility to allocate capital where we believe will create the longest long-term value for our shareholders. That includes investing behind our strategic priorities while also evaluating further share repurchases. In addition, we expect to fully repay the convertible debt in the third quarter, further strengthening our balance sheet, increasing our financial flexibility. Moving to guidance. As we execute on our expanded opportunity focused on building an employability platform, our Academic Services and Chegg Skilling businesses are becoming increasingly integrated, and we believe total revenue and adjusted EBITDA are the most meaningful ways to measure progress. Beginning this quarter, we are providing guidance for total revenue rather than separate revenue guidance. Looking ahead to Q3 guidance, we expect total revenue between $43 million and $44 million, gross margin in the range of 48% to 49% and adjusted EBITDA between $1 million and $2 million. In closing, we have strengthened the business for long-term success. The company is leaner, more efficient and well positioned to generate meaningful free cash flow in 2026. We are executing our strategy with focus and discipline while leaning into a large new opportunity, positioning us to drive sustainable growth, improve profitability and create long-term shareholder value. We have a strong balance sheet, which provides additional financial flexibility as we continue executing our strategy. With that, I will turn the call over to the operator for your questions. Operator: [Operator Instructions] Our first question comes from Ryan MacDonald with Needham & Company. Ryan MacDonald: Dan, great to hear about the sort of new vision for Chegg and sort of the priorities moving forward. Maybe starting with sort of the new experience on helping students connect and find new job opportunities and internship opportunities. Can you just talk about sort of what you were seeing in the market that sort of pushed you in this direction? Are there specific gaps from -- that you were seeing in a LinkedIn or Indeed or a Handshake that you felt like that Chegg could sort of take advantage of here? And then as we think about growing this, how do you drive awareness amongst the student population? Will you leverage sort of career services relationships? I'd love to hear more there. Daniel Rosensweig: Yes. Great question. And we've been working on this for quite some time. We just feel that now is the time to start talking about it because step one was make sure that the company could pay off its debt, which will be out of debt shortly. Second thing is to make sure our balance sheet, as David said, is really strong, which we're going to have substantial cash. You already see we have substantial cash, net of debt, that's only going to grow over the rest of this year and into next year. So the value of the company, we think, is undervalued simply because of the amount of cash we're going to generate. The Skills business continues to grow. But the real opportunity that we have always believed in is that we asked the Jeff Bezos question, which is rather than what's changing, what's never going to change. And at the end of the day, college students go to college for one reason, which is to get a better job. And the fear over employment, unemployment that relates to technology and AI is rampant. I'm sure you know that. And the biggest question that students have been asking us to solve for them is how -- which classes do I take? What major do I take? If I take these classes, what skills am I actually going to have that will allow me to be employable. And then help me identify the companies, help me build my network. LinkedIn doesn't help you build the network. Nobody does, but we will. So help me build the network, help me connect to these people, help me write my resume, help me write my cover letter, help me prepare for the interview. Nobody was putting all of this together in one place, and nobody was focused exclusively on the student. Handshake existed, but as you know, Handshake has evolved its business to now be in the Data business. And so we have huge legacy customers that still use Chegg. You can see that in our numbers, you can see that in the amount of profits that we're generating. And so we have the ability to reach students in the millions. So awareness won't be difficult for us because we still get massive traffic and we still have a substantial customer base. On top of that, over, I don't know, 12, 13 years ago, we bought the site, internships.com. We haven't used it in a bunch of years because of the difficulties that we've been facing, but we took it out of mothballs, the organic traffic that goes to there is quite substantial. And so we have been testing, Chegg is the front door, internships is the front door. We very quickly got over 10,000 beta testers of the original product. We brought in a number of interns who actually help us design and build the product because it's for them. And so we're excited. So just anybody that has a student in college or going to college, the #1 fear of the student and the parent is, will my child get a job? Where will they work? How are they going to get the skills? And we're the company that is going to solve many of those issues for them. And we couldn't be more excited. And so we think we have the assets to do it. We think we have the brand to do it. We think we have the data to do it. And so a couple of years ago, we got punched in the face by AI. Now we're using AI to punch back. Ryan MacDonald: I like it. And then as you think about sort of this sort of all-in-one way to assist the student from how to get the job or how to identify the skills they need to get the job, how is that sort of informing your content creation strategy with the Skills business in terms of sort of the partners that you select? And at some point, do you start to maybe bring more of the content creation in-house yourself or use AI to create some of this content for the student? Daniel Rosensweig: Yes. Well, so if you think about it, what Chegg's legacy, Chegg was AI before there was AI. So we have a pristine 100-and-something million pairs of Q&A that we built on our expert network. And all the data businesses now are trying to build an expert network in order to train their models. So we already have it. So our ability to answer any and all questions around any subject matter has always been available. We focused on academics. Now we're going to focus on academics and job-related questions. So that's an advantage that we have that others don't have. But in terms of content creation, so that will be one of the areas. But our SEO strategy will expand dramatically based on the listings, based on the data that we have around students. Remember, we start with schools that students go to, the classes they take, the majors they have. We're able to identify people that took those classes and where they work, and we're able to identify those alumni and try to build a relationship between the student and the alumni. So -- but you point to a very exciting area, which will come later on down the line, which is one of the things that we're talking about that I mentioned in the skilling part of our prepared remarks, is we're taking all the courses that we've developed, and we're basically going to turn them into 5,000 artifacts of content that will make them shorter, much more accessible, much more affordable to be able to assess the student on the skills that they think they have and then be able to train them up on it at a very affordable rate. So that will come later. But it's not so much the partners we're picking, it's the content we're creating. And that content will constantly evolve, same as the answers and the questions did for students on academics around the professional needs of students. And it will be led by what companies are actually recommending the necessary skills that students will have. And AI allows us to do all that quickly, affordably, personalize each experience. So when we look at the opportunity, the academic opportunity, I think at our peak, 25% of all students in the country have subscribed to Chegg. Unfortunately, another 25% [ has sold it ]. But it builds quite a large business. But if you ask me which TAM is bigger in the college market and even in the high-school market that doesn't go to college, remember, 50% of the high-school market never attends higher education. So we think it's a bigger TAM, and we think the content creation will be around what do you need to know to be employable but also what do you need to know about how to interview? What do you need to know about how to get over the first AI interview if that's what's happening. You'll be able to rehearse in real time with our coach about what questions you're likely to get. And we'll store all that content based on the experiences that we're able to monitor the students have with different employers. So it's a multiyear effort to do it, but we thought because we're rolling out the first early version of it in -- later on in this quarter that now is the time to talk about it, but we couldn't be more excited. Ryan MacDonald: Appreciate that. Maybe one for David. Can you talk about -- just maybe put a little more color around sort of expectations for free cash flow generation? It sounded like in the quarter that obviously some good cash generation, but there were some severance payments obviously outgoing. How much more incremental severance payments are sort of there? And when should we start to see that sort of material ramp in the cash generation here? David Longo: Yes, sure. So the severance payments are for the -- almost all behind us at this point, and we have about $14 million, $15 million in the first half of the year. Q3 is a traditionally slower period for us and then Q4 has always been our strongest cash generation period. So I haven't really guided for either the quarter or the full year, just there's some timing on payments in some annual contracts, which we have payments in Q3, which is one of the lower quarters of revenue coming in. We still believe we'll be -- we know we'll be free cash flow positive in the back half of the year and even believe within the quarterization, but just some timing there. But if you take out those severance payments, which I know we can't, but if you kind of pro forma those out, just look at the cash generation in the first half, we're pleased with that, and we believe we can continue to do so through this year and next. Operator: Okay. We have reached the end of the question-and-answer session, and this concludes today's conference. You may disconnect your lines at this time, and we thank you for your participation. Before you buy stock in Chegg, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Chegg wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $400,209!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,375,393!* Now, it’s worth noting Stock Advisor’s total average return is 964% — a market-crushing outperformance compared to 215% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of August 13, 2026. This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool recommends Chegg. The Motley Fool has a disclosure policy. Chegg (CHGG) Q2 2026 Earnings Call Transcript was originally published by The Motley Fool

Chegg, Inc. CHGG used its second-quarter 2026 earnings call to recast the company around employability, moving beyond academic support toward an AI-driven platform designed to help students build skills, find internships and land jobs. CEO and executive chairman Dan Rosensweig said that the initial service will begin a soft launch in the third quarter. The shift comes as total revenues fell 51% year over year in the quarter, while management points to a leaner cost structure and continued cash generation. Second-quarter revenues of $51.8 million surpassed the Zacks Consensus Estimate of $49.8 million. The non-GAAP loss per share of $0.02 was narrower than the consensus estimate for loss of $0.05. Chegg, Inc. price-consensus-eps-surprise-chart | Chegg, Inc. Quote Rosensweig said that Chegg’s long-term goal is a return to growth with high margins and strong free cash flow, but the route now centers on helping students move from education to employment. The planned platform will combine job search and matching with coaching on majors, courses and skills. It will also support resumes, applications, alum outreach, interview preparation and targeted skill building. More than 10,000 students have used the beta. Management plans to roll out the service through Chegg and Internships.com beginning in the third quarter and continue expanding it throughout 2027. Rosensweig positioned Chegg Skills as a key component of the employability strategy. Skilling revenues rose 2% year over year to $17.5 million in the second quarter. The company has signed six new partners, including OpenSesame and Dale Carnegie, with launches planned for the second half. Management also intends to expand Skills into enterprises, schools and Europe. Chegg is recasting language learning as a workplace performance offering. Rosensweig said that an agentic coach would help learners prepare for client calls, presentations and interviews, with workflow integration planned for early next year. CFO David Longo said that second-quarter non-GAAP operating expenses were $32.3 million, nearly half the prior-year level, reflecting restructuring and greater use of AI to improve productivity. Adjusted EBITDA was $9.1 million, with a 17% margin. The second-quarter free cash flow was $6.4 million despite $1.5 million in severance payments, while the first-half free cash flow reached $9.5 million. Longo said that Chegg ended the quarter with $72.3 million in cash and investments, and $38.5 million in net cash. The company repurchased $1.7 million worth of stock and expects to fully repay its convertible debt in the third quarter. Management plans to guide on total revenues rather than separate Academic Services and Chegg Skilling revenues, citing integration around employability. For the third quarter, Chegg expects total revenues of $43-$44 million, a gross margin of 48-49% and an adjusted EBITDA of $1-$2 million. A Needham analyst asked how Chegg would differentiate its new offering from other job and networking platforms, and build student awareness. Rosensweig emphasized Chegg’s existing student reach, data and Internships.com traffic. He said that the platform is designed to connect academic history, skills, alum relationships and job applications in one place. Management plans to use AI to make related content more personalized and affordable. On cash flow, Longo said that nearly all restructuring-related severance payments are behind the company. He called the third quarter traditionally slower and the fourth quarter the strongest cash-generation quarter, while maintaining an expectation for a positive second-half free cash flow. Management framed restructuring, debt reduction and cash generation as the financial base for a broader strategic reset. The employability product remains early in its rollout, with management describing the buildout as a multi-year effort. The priorities coming out of the call are to launch the employment experience, broaden Skills distribution, use AI to lower costs and preserve free cash flow, while pursuing a return to growth. CHGG currently carries a Zacks Rank #3 (Hold). Its Momentum Score of A, Growth Score of B and VGM Score of B are favorable grades within the Style Score framework, while its Value Score of C is less strong. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The framework emphasizes Zacks Rank #1 and #2 (Buy) stocks paired with A or B Style Scores. CHGG’s Zacks Rank of 3 is more neutral despite favorable Momentum, Growth and VGM scores, and the Zacks Rank can change as earnings estimates are revised after the results. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Chegg, Inc. (CHGG) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Interested in Chegg, Inc.? Here are five stocks we like better. Q2 results exceeded expectations: Chegg reported $51.8 million in revenue, $9.1 million in adjusted EBITDA with a 17% margin, and $6.4 million in free cash flow. The company reduced non-GAAP operating expenses nearly 50% year over year and expects to remain free-cash-flow positive in the second half. Chegg is pivoting toward AI-powered employability: The company plans to soft launch a platform in Q3 that will help students with career coaching, job matching, resumes, applications, interview preparation and skills gaps, building on a beta used by more than 10,000 students. Near-term outlook remains weak but the balance sheet is improving: Chegg expects Q3 revenue of $43 million to $44 million and adjusted EBITDA of $1 million to $2 million. It ended the quarter with $72.3 million in cash and investments and expects to fully repay its convertible debt in Q3. Chegg Chokes on AI Attempt, CEO Talks it Up as He Passes Torch Chegg (NYSE:CHGG) said its second-quarter 2026 results exceeded its expectations for revenue, adjusted EBITDA and cash generation as the education technology company prepares to launch a broader employability-focused platform for students. Total revenue in the second quarter was $51.8 million. Adjusted EBITDA was $9.1 million, representing a 17% margin, while free cash flow totaled $6.4 million, including about $1.5 million in severance payments related to prior restructuring actions. → Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth Duolingo Speaks the Language of Growth for Investors President and CEO Dan Rosensweig said the company has been restructuring its operations to become “AI-first,” with the aim of returning to growth while maintaining high margins and generating strong free cash flow. He said Chegg’s next strategic chapter will center on helping students move from learning into internships and employment. Beginning in the third quarter, Chegg plans to soft launch a new service designed to automate elements of job searching, matching and career coaching. The company expects to roll out the offering across its Chegg platform and Internships.com during the third quarter and throughout 2027. → 4 Oil and Gas ETF Plays as Prices Stay Sky-High AI Boosts Duolingo As Company Posts First Profit Rosensweig said the platform is intended to help students identify appropriate majors, courses and skills, while also assisting with job applications. Planned capabilities include tailoring resumes, drafting cover letters, filling out and submitting applications, initiating alumni outreach, providing company-specific interview preparation and identifying skill gaps. Chegg said more than 10,000 students have used the beta version and provided feedback. Rosensweig said the company believes it can build awareness through its existing customer base, substantial traffic and the organic traffic to Internships.com, which Chegg acquired more than a decade ago. → Sandisk Just Delivered a Blowout Quarter—Here's Why the Stock Is Falling “Nobody was putting all of this together in one place,” Rosensweig said, describing the company’s view that students need more integrated support in selecting courses, developing skills, building networks and preparing for interviews. He said the company intends to use its academic data, AI capabilities and historical question-and-answer content to expand from academic support into career-related assistance. Chegg also expects to develop shorter and more accessible skills content over time, with courses tailored to the skills employers identify as important. Chegg said its Chegg Skills business remains a component of its growth strategy and has been developed as a multi-channel platform serving enterprise, institutional, employer and marketplace customers. The company signed six new partners during the year, including OpenSesame and Dale Carnegie, with launches planned for the second half of 2026. The company also plans to broaden its language-learning offering into what Rosensweig described as a performance platform. Its agentic coach is designed to help learners prepare for situations such as client calls, presentations and interviews. Chegg expects to integrate the coach into learners’ workflows early next year and is expanding its skills offerings into Europe. Management said AI is central to the strategy, both for personalization and operating efficiency. Rosensweig said AI had created headwinds for Chegg’s business but is now enabling the company to operate with a leaner cost structure and pursue the employability opportunity. Chief Financial Officer David Longo said second-quarter non-GAAP operating expenses were $32.3 million, nearly half the level reported in the second quarter of the prior year. The reduction reflected expense management and the increased use of AI to improve productivity, he said. Capital expenditures were $3.7 million in the quarter, down 49% year over year. Chegg is targeting a 60% reduction in capital expenditures for full-year 2026. For the first half of the year, Chegg generated $9.5 million in free cash flow despite $14.4 million in severance payments. Longo said severance payments are “almost all behind us,” and that the company expects to remain free-cash-flow positive in the second half of the year. He noted that the third quarter is traditionally a slower period for the company, while the fourth quarter has historically been its strongest period for cash generation. Chegg ended the quarter with $72.3 million in cash and investments and a net cash position of $38.5 million. The company repurchased $1.7 million of common stock during the quarter and had $120.7 million remaining under its repurchase authorization. Longo also said Chegg expects to fully repay its convertible debt in the third quarter, which management said would further strengthen its balance sheet and financial flexibility. Chegg changed its reporting approach for guidance, saying that as Academic Services and Chegg Skills become more integrated, total revenue and adjusted EBITDA are the most meaningful performance measures. The company will no longer provide separate revenue guidance for the businesses. Total revenue of $43 million to $44 million. Gross margin of 48% to 49%. Adjusted EBITDA of $1 million to $2 million. Management said it believes its academic products continue to have durable cash-generation potential, supported by strong monthly retention in Chegg Study, while the company invests in distribution partnerships, skills offerings and its new employability platform. Chegg, Inc (NYSE: CHGG) is a leading education technology company headquartered in Santa Clara, California. Originally founded in 2005, Chegg has evolved from a textbook rental service into a comprehensive digital learning platform. Its suite of subscription-based offerings addresses a wide range of academic needs, catering primarily to high school and college students seeking homework help, study resources, and career guidance. The company's core services include Chegg Study, which provides step-by-step solutions and expert Q&A support; Chegg Writing, offering plagiarism checks and guided writing assistance; and Chegg Math Solver, a tool for solving mathematical problems with detailed explanations. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Chegg Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management outperformed Q2 expectations on revenue and EBITDA by executing a massive rearchitecting of the company into an AI-first organization with a leaner cost structure. The company is shifting its core mission from academic support to a comprehensive 'employability' platform, aiming to own the transition from learning to earning for 20 million students. Performance was bolstered by strong monthly retention in Chegg Study and the expansion of distribution partnerships that are expected to scale in the second half of the year. The strategic pivot responds to a 'Jeff Bezos question' approach, identifying that while technology changes, the student's ultimate goal of securing a better job remains constant. Management describes the current phase as 'punching back' at AI headwinds by using proprietary data and AI to automate job matching, coaching, and application processes. The workforce restructuring is now largely complete, allowing the company to operate with a significantly reduced expense profile while investing in new growth chapters. Beginning in Q3 2026, Chegg will soft launch its next-generation platform, integrating academic support, skilling, and language learning into a single employability service. The company expects to fully repay its convertible debt in the third quarter, which management believes will significantly increase financial flexibility and strengthen the balance sheet. Guidance for Q3 assumes total revenue between $43 million and $44 million, with a focus on integrating Academic Services and Skilling metrics into a unified reporting structure. Management is targeting a 60% reduction in CapEx for the full year 2026, reflecting the shift toward a more efficient, AI-driven operational model. The rollout of the new employability service will continue throughout 2027, leveraging the internships.com domain to capture organic student traffic. Non-GAAP operating expenses were nearly halved compared to the prior year, driven by AI-enabled productivity gains and disciplined expense management. The company generated $9.5 million in free cash flow in the first half of the year, despite absorbing $14.4 million in one-time severance payments related to restructuring. Management repurchased $1.7 million of common stock in Q2, signaling a belief that the company is currently undervalued relative to its cash generation potential. A transition is underway in the language business, moving from a learning app to a 'performance platform' featuring an agentic coach for real-time professional communication. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management argues that existing platforms like LinkedIn or Handshake do not provide the end-to-end, student-exclusive focus required to navigate the AI-impacted job market. Chegg intends to use its proprietary data on student majors and courses to build automated networking tools that connect current students with relevant alumni. The company will leverage its existing massive traffic and the internships.com brand to drive awareness without significant new marketing spend. Chegg will utilize its 'pristine' database of 100 million Q&A pairs to train models specifically for professional and job-related inquiries. The strategy involves breaking down existing courses into 5,000 'artifacts' of content to make skill assessment and training more affordable and accessible. AI will be used to rapidly evolve content based on real-time feedback from employers regarding necessary workforce skills. CFO David Longo confirmed that severance payments are almost entirely in the past, with $14 million to $15 million already paid out in the first half of the year. While Q3 is traditionally a slower period due to the academic calendar and contract timing, the company expects to be free cash flow positive for the remainder of the year. Q4 is projected to remain the strongest period for cash generation.

EverCommerce (EVCM) came out with quarterly earnings of $0.08 per share, missing the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.03 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -50.00%. A quarter ago, it was expected that this business software company would post earnings of $0.03 per share when it actually produced earnings of $0.04, delivering a surprise of +33.33%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. EverCommerce, which belongs to the Zacks Internet - Software industry, posted revenues of $152.02 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 0.12%. This compares to year-ago revenues of $148.01 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. EverCommerce shares have lost about 1.2% since the beginning of the year versus the S&P 500's gain of 13%. While EverCommerce has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for EverCommerce was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.20 on $156.88 million in revenues for the coming quarter and $0.69 on $618.33 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software is currently in the top 44% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Chegg (CHGG), another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 6. This an online learning platform is expected to post quarterly loss of $0.05 per share in its upcoming report, which represents a year-over-year change of -150%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Chegg's revenues are expected to be $49.78 million, down 52.7% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report EverCommerce Inc. (EVCM) : Free Stock Analysis Report Chegg, Inc. (CHGG) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

This article first appeared on GuruFocus. Total Revenue: $51.8 million in Q2 2026, exceeding expectations. Non-GAAP Operating Expenses: $32.3 million in Q2, nearly halved compared to the second quarter of last year. Adjusted EBITDA: $9.1 million in Q2, representing a margin of 17%. Capital Expenditures (CapEx): $3.7 million in Q2, down 49% year-over-year; targeting a 60% reduction for full year 2026. Free Cash Flow: $6.4 million in Q2, including approximately $1.5 million in severance payments; $9.5 million generated in the first half of the year. Cash and Investments: $72.3 million at quarter end, with a net cash position of $38.5 million. Share Repurchases: $1.7 million of common stock repurchased during Q2, with $120.7 million remaining on the authorization. Q3 2026 Guidance: Total revenue expected between $43 million and $44 million; gross margin in the range of 48% to 49%; adjusted EBITDA between $1 million and $2 million. Warning! GuruFocus has detected 5 Warning Signs with CHGG. Is CHGG fairly valued? Test your thesis with our free DCF calculator. Release Date: August 06, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Chegg Inc (NYSE:CHGG) exceeded its expectations on revenue, adjusted EBITDA, and cash generation in Q2 2026. The company is strategically expanding into the employability market, leveraging its proprietary data and AI to help students secure internships and jobs. Chegg Inc (NYSE:CHGG) has significantly reduced its cost structure, with non-GAAP operating expenses nearly halved year-over-year. The company maintains a strong balance sheet with a net cash position of $38.5 million and plans to fully repay its convertible debt in Q3 2026. Chegg Inc (NYSE:CHGG) has seen strong monthly retention for its Chegg Study product, reinforcing its long-term cash generation potential. Chegg Inc (NYSE:CHGG) faces ongoing headwinds from AI, which has negatively impacted its traditional academic services business. The company's Q3 2026 revenue guidance of $43-44 million indicates a significant sequential decline from Q2's $51.8 million. Adjusted EBITDA margin is expected to drop sharply in Q3 2026, with guidance of only $1-2 million, down from $9.1 million in Q2. The transition to an employability-focused platform is still in early stages, with a soft launch only beginning in Q3, posing execution risks. Chegg Inc (NYSE:CHGG) has incurred substantial severance payments ($14.4 million in H1 2026) due to restructuring, impacting near-term cash flow. Q: What market gaps pushed Chegg to expand into employability, and how will the company drive awareness among students for the new job and internship matching service? A: Dan Rosenzweig (CEO) explained that the core motivation is the enduring need for students to secure better jobs after college. He identified gaps in existing platforms like LinkedIn, Indeed, and Handshake, noting that none offer a comprehensive, student-focused solution that builds networks, automates applications, and provides coaching. Chegg will leverage its massive existing traffic, substantial customer base, and the organic traffic from its previously dormant site, internships.com, to drive awareness. The company has already attracted over 10,000 beta testers for the new product. Q: How will Chegg's new employability focus inform its content creation strategy, and will the company bring content creation in-house or use AI? A: Dan Rosenzweig (CEO) stated that Chegg's legacy of having over 100 million Q&A pairs gives it a unique data advantage. The strategy will expand from academic questions to job-related ones, using AI to create and personalize content. The company plans to transform its existing courses into 5,000 shorter, more affordable "artifacts" to assess and train students on specific skills. This content will be driven by employer recommendations and will evolve based on student experiences, covering areas like interview prep and skill-building. Q: Can you provide more color on the expectations for free cash flow generation, including the impact of severance payments and the expected ramp in cash generation? A: David Longo (CFO) confirmed that the majority of severance payments (~$14-15 million) are behind the company. While Q3 is traditionally a slower period, Q4 is the strongest for cash generation. He reaffirmed that the company will be free cash flow positive in the back half of the year, and expressed satisfaction with the cash generation in the first half when excluding the one-time severance costs. Q: What were the key financial drivers behind Chegg's Q2 2026 results, and what is the company's outlook for Q3? A: David Longo (CFO) reported that Q2 total revenue was $51.8 million, exceeding expectations. Non-GAAP operating expenses were nearly cut in half year-over-year to $32.3 million, driven by AI efficiencies. Adjusted EBITDA was $9.1 million (17% margin), and free cash flow was $6.4 million. For Q3, the company guides for total revenue between $43 million and $44 million, a gross margin of 48-49%, and adjusted EBITDA between $1 million and $2 million. Q: How is Chegg's balance sheet positioned, and what are the plans for capital allocation and debt repayment? A: David Longo (CFO) stated the company ended Q2 with $72.3 million in cash and investments and a net cash position of $38.5 million. During the quarter, Chegg repurchased $1.7 million of its common stock and has $120.7 million remaining on its authorization. The company expects to fully repay its convertible debt in Q3, which will further strengthen its balance sheet and provide additional financial flexibility. Q: What is the timeline for the rollout of the new "next generation" Chegg platform focused on employability? A: Dan Rosenzweig (CEO) announced that the company will begin a soft launch of the new service in Q3 2026, rolling it out across both Chegg and internships.com. The rollout will continue throughout 2027. The new platform will automate job search, matching, and coaching, helping students with resumes, cover letters, applications, and alumni outreach. Q: How is the Chegg Skills business performing, and what is its role in the new strategy? A: Dan Rosenzweig (CEO) highlighted that the skilling business remains an important part of the opportunity. Chegg Skills has been built as a multi-channel platform (enterprise, institutional, employer, marketplace) and has signed six new partners this year, including Open Sesame and Dale Carnegie, with launches expected in the second half of the year. The company plans to use AI to expand and personalize its catalog while making courses more affordable. Q: How is Chegg transforming its language learning offering as part of the employability focus? A: Dan Rosenzweig (CEO) explained that the language offering is being transformed from a learning app into a performance platform. A new agentic coach will help learners prepare for specific moments like client calls, presentations, or interviews. Early next year, the company plans to integrate this coach seamlessly into the learner's actual workflow. Chegg is also expanding its skills offering into Europe, combining language learning with broader workforce capabilities. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

SAN FRANCISCO, August 06, 2026--(BUSINESS WIRE)--Chegg, Inc. (NYSE:CHGG), a global learning and workforce skilling company, today reported financial results for the quarter ended June 30, 2026. "In Q2 we outperformed our expectations on revenue, adjusted EBITDA, and cash, reflecting our ability to execute against our priorities while investing for future growth," said Dan Rosensweig, CEO and Executive Chairman of Chegg. "Our long-term goal remains the same: return Chegg to growth with high margins and strong free cash flow." Second Quarter 2026 Highlights Total Net Revenues of $51.8 million, a decrease of 51% year-over-year Chegg Skilling Revenues of $17.5 million, an increase of 2% year-over-year Gross Margin of 55% Non-GAAP Gross Margin of 57% Net Loss was $3.0 million Non-GAAP Net Loss was $2.5 million Adjusted EBITDA was $9.1 million For more information about non-GAAP gross margin, non-GAAP net loss, and adjusted EBITDA, as well as a reconciliation of gross margin to non-GAAP gross margin, net loss to non-GAAP net loss, and net loss to adjusted EBITDA, see the sections of this press release titled, "Use of Non-GAAP Measures," "Reconciliation of Net Loss to EBITDA and Adjusted EBITDA," and "Reconciliation of GAAP to Non-GAAP Financial Measures." Business Outlook Third Quarter 2026 Total Net Revenues in the range of $43 million to $44 million Gross Margin between 48% and 49% Adjusted EBITDA in the range of $1 million to $2 million As we execute on our expanded opportunity focused on building an employability platform, our Academic Services and Chegg Skilling businesses are becoming increasingly integrated, and we believe total net revenues and adjusted EBITDA are the most meaningful ways to measure progress. Beginning this quarter, we are providing guidance for total net revenues rather than separate revenue guidance. For more information about the use of forward-looking non-GAAP measures, a reconciliation of forward-looking net loss to EBITDA and adjusted EBITDA for the second quarter 2026, see the below sections of the press release titled "Use of Non-GAAP Measures," and "Reconciliation of Forward-Looking Net Loss to EBITDA and Adjusted EBITDA." An updated investor presentation and an investor data sheet can be found on Chegg’s Investor Relations website https://investor.chegg.com (such items are not incorporated into any filings Chegg may make with the Securities and Exchange Commission, unless otherwise noted). Prepared Remarks - Dan Rosensweig, CEO & Executive Chairman Chegg, Inc. Thank you, Tracey, and thanks everyone for joining Chegg’s second quarter 2026 earnings call. We outperformed our expectations on revenue, adjusted EBITDA, and cash, reflecting our ability to execute against our priorities while investing for future growth. The goal remains the same: return Chegg to growth with high margins and strong free cash flow. Starting last fall, we embarked on our next big chapter, rearchitecting the company to be AI-first, building a sustainable cost structure, and strengthening our balance sheet so we could accelerate our bigger vision. Chegg’s mission, to put students first and help them move from learning to earning, has never wavered. For almost twenty years, we have evolved to meet students’ most important needs. From inventing the textbook rental model to make higher education more affordable, then providing 24/7 learning support through Chegg Study, and then adding skills-based courses to help learners build the skills needed to advance their careers. Each transition has opened up a new chapter of growth for Chegg, and the foundation we have built across our products, technology, and data now positions us to expand our focus on employability. We will help students build the skills, confidence, and connections needed to graduate, find internships, and transition to the workforce. Higher education continues to evolve, but one thing will never change; after completing whatever path they pursue, students need a job. For the nearly twenty million students entering today’s job market over the next few years, that transition is filled with challenges and uncertainty. Beginning in Q3, we are soft launching the next generation of Chegg. By combining our proprietary data, AI, and deep insight into how students learn and build careers, we will reduce the friction for students to get internships and then jobs. The new Chegg will help automate job search and matching, while adding coaching that will help students pick the right major, the right courses, and evaluate the right skills. Our plan is to automate the search, the match, and add coaching, so students build the right skills, take the right courses, and make the right connections. Chegg will handle the hard parts of applying: tailoring resumes, drafting cover letters, auto-filling and submitting applications, and even initiating alumni outreach on behalf of students. We will then add the ability for students to get company-specific interview prep, personalized feedback, and targeted skill-building courses to close any gaps standing between them and the job. The result is a platform that takes a student from "I need a job" to "I am prepared, applied, and connected" all in one place. It's this convergence of everything we have built - our academic platform, our skilling business, and our language learning capability - into one service that addresses one of the most pressing needs students face today. We have already had more than 10,000 students use the beta and provide feedback, and we will begin rolling out the new service across both Chegg and our site Internships.com, starting in the third quarter and all throughout 2027. As we expand our focus on employability, our skilling business remains an important part of the opportunity ahead. By helping organizations build workforce capabilities and helping learners develop and apply relevant skills, we are creating a platform that connects learning, skills development, and career outcomes. Chegg Skills has been built as a multi-channel platform - spanning enterprise, institutional, employer, and marketplace channels - to create a more diversified foundation for growth. We have already signed six new partners this year, including OpenSesame and Dale Carnegie, and those launches will take place over the second half of the year. We will continue to expand into enterprises and schools over the next few years using AI and data to dramatically expand and personalize our catalog while making our courses even more affordable. Our language skills are an important component of employability, helping people expand career opportunities and communicate more effectively in an increasingly global workforce. As a result, we are transforming our language offering from a language-learning app into a performance platform - helping people communicate with confidence and impact, in any language, when it counts. Our new agentic coach, which understands each learner’s goals and the context of each interaction, helps you prepare for the moments that matter, like a client call, a presentation, or an interview. Early next year, we plan to have a seamless integration of our agentic coach into the learner’s actual workflow - learning that shows up exactly when, where and how you need it. We are also expanding our Skills offerings into Europe, combining language learning with broader workforce capabilities. Underlying all of this has been the restructuring of our workforce to become AI-first. AI allows us to personalize learning, improve outcomes, and scale more efficiently and affordably, giving us a much leaner operating model that can scale much faster, which allows us to return to being a growth business with high margins. When I look at the arc of what we have built and where we are headed, I feel genuinely confident. AI created real headwinds for this company, and we responded by strengthening our balance sheet, rebuilding an AI-first cost structure, and expanding our vision toward a much larger opportunity. We are becoming an employability business - one that helps students develop skills, find internships, land jobs, and grow throughout their careers. That is a more durable market, and we are uniquely positioned to own it. The financial foundation David will walk you through is what makes this all possible, and we look forward to updating you on our progress next quarter. With that, I’ll turn it over to David. Prepared Remarks - David Longo, CFO Chegg, Inc. Thank you, Dan and good morning. Today, I will review our financial performance for the second quarter of 2026, along with the company’s outlook for the third quarter. Our second-quarter results exceeded our expectations, reflecting continued execution against our priorities. We are excited to take Chegg into its next chapter by expanding our focus on employability, addressing students' evolving needs while helping employers build a more skilled workforce, creating what we believe is a significant opportunity for long-term, profitable growth. As we execute on our strategy, AI is improving operational efficiency across the company and driving meaningful gains in profitability and cash generation. We also repurchased shares during the quarter, reflecting our confidence in the company's long-term value while maintaining a disciplined approach to capital allocation. In the quarter, Total Revenue was $51.8 million, exceeding our expectations. We expanded our distribution partnerships, which we expect to contribute more meaningfully later this year, while remaining focused on efficiently managing our academic services products to maximize cash generation. Chegg Study monthly retention continued to be very strong, reinforcing its long-term cash-generating potential. Turning to expenses, Q2 non-GAAP operating expenses were $32.3 million, nearly cutting our expenses in half compared to the second quarter of last year. This significant reduction reflects our disciplined approach to expense management and enhanced use of AI to improve productivity and drive efficiencies across the company. We continue to identify opportunities to further optimize our cost structure. Adjusted EBITDA for the quarter was $9.1 million, representing a margin of 17%. Second quarter CapEx was $3.7 million, down 49% year-over-year. For full year 2026, we are targeting a 60% reduction in CapEx. Free cash flow in the quarter was $6.4 million, which includes approximately $1.5 million of severance payments related to prior restructuring actions. In the first half of the year, we generated $9.5 million in free cash flow despite $14.4 million in severance payments. We expect to continue to generate meaningful free cash flow in the second half of the year. Looking at the balance sheet, we ended the quarter with $72.3 million in cash and investments and a net cash position of $38.5 million, providing us with flexibility as we execute on our priorities. We have built a strong foundation for the future and are encouraged by: the continued durability of our academic services products driven by strong monthly retention; the progress we are making leveraging AI to meaningfully improve our cost structure; the early traction we are seeing with new skilling distribution partnerships; and the significant opportunity we see to expand through employability. Together, these reinforce our confidence in generating meaningful cash flow and creating long-term value. During the second quarter, we repurchased $1.7 million of our common stock and have $120.7 million remaining on our securities repurchase authorization. We believe our shares represent an attractive use of capital. Our strong balance sheet and continued ability to generate meaningful cash flow provide us with flexibility to allocate capital where we believe will create the greatest long-term value for shareholders. That includes investing behind our strategic priorities while also evaluating further share repurchases. In addition, we expect to fully repay the convertible debt in the third quarter, further strengthening our balance sheet, increasing our financial flexibility. Moving to guidance, as we execute on our expanded opportunity focused on building an employability platform, our Academic Services and Chegg Skilling businesses are becoming increasingly integrated, and we believe Total Revenue and adjusted EBITDA are the most meaningful ways to measure progress. Beginning this quarter, we are providing guidance for Total Revenue rather than separate revenue guidance. Looking ahead to Q3 guidance, we expect: Total revenue between $43 and $44 million; Gross margin in the range of 48% to 49%; And adjusted EBITDA between $1 and $2 million. In closing, we have strengthened the business for long-term success. The company is leaner, more efficient, and well positioned to generate meaningful free cash flow in 2026. We are executing our strategy with focus and discipline while leaning into a large, new opportunity, positioning us to drive sustainable growth, improve profitability, and create long-term shareholder value. We have a strong balance sheet, which provides additional financial flexibility as we continue executing our strategy. With that, I will turn the call over to the operator for your questions. Conference Call and Webcast Information To access the call, please dial 1-877-407-4018 or outside the U.S. +1-201-689-8471. A live webcast of the call will also be available at https://investor.chegg.com under the Events & Presentations menu. Participants can also access the call using the Call me™ link for instant telephone access to the event, which will be active 15 minutes before the scheduled start time. An audio replay will be available from 11:59 p.m. Eastern Time on August 20, 2026 by calling 1-844-512-2921 or outside the U.S. +1-412-317-6671 with Access ID 13761815. An audio archive of the call will also be available at https://investor.chegg.com. Use of Investor Relations Website for Regulation FD Purposes Chegg also uses its Investor Relations website, https://www.chegg.com/press, as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. Accordingly, investors should monitor https://www.chegg.com/press, in addition to following press releases, Securities and Exchange Commission filings and public conference calls and webcasts. About Chegg Chegg is a learning and employability platform that helps students and lifelong learners build the skills, confidence, and career readiness to succeed from learning to earning, while helping businesses develop and upskill their workforce. Through AI-powered, personalized experiences, Chegg supports learners across academics, workplace readiness, professional upskilling, and language learning. By combining proprietary data, AI, and deep insight into how students learn and build their careers, Chegg remains committed to improving employability and creating better outcomes for learners and employers. Chegg is a publicly held company and trades on the NYSE under the symbol CHGG. For more information, visit www.chegg.com. Use of Non-GAAP Measures To supplement Chegg’s financial results presented in accordance with generally accepted accounting principles in the United States (GAAP), this press release and the accompanying tables and the related earnings conference call contain non-GAAP financial measures, including EBITDA, adjusted EBITDA, non-GAAP cost of revenues, non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP (loss) income from operations, non-GAAP net (loss) income, non-GAAP weighted average shares, non-GAAP net (loss) income per share, and free cash flow. For reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures, please see the section of the accompanying tables titled, "Reconciliation of Net Loss to EBITDA and Adjusted EBITDA," "Reconciliation of GAAP to Non-GAAP Financial Measures," "Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow," and "Reconciliation of Forward-Looking Net Loss to EBITDA and Adjusted EBITDA." The presentation of these non-GAAP financial measures is not intended to be considered in isolation from, as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP, and may be different from non-GAAP financial measures used by other companies. Chegg defines (1) EBITDA as earnings before interest, taxes, depreciation and amortization; (2) Adjusted EBITDA as EBITDA adjusted for share-based compensation expense, litigation settlement (credits) charges, other income, net, restructuring (credits) charges, impairment of equity investment, impairment of lease related assets, and impairment expense; (3) non-GAAP cost of revenues as cost of revenues excluding amortization of intangible assets, share-based compensation expense, and restructuring (charges) credits; (4) non-GAAP gross profit as gross profit excluding amortization of intangible assets, share-based compensation expense, and restructuring charges (credits); (5) non-GAAP gross margin is defined as non-GAAP gross profit divided by net revenues, (6) non-GAAP operating expenses as operating expenses excluding share-based compensation expense, litigation settlement credits (charges), restructuring credits (charges), impairment of equity investment, impairment of lease related assets, and impairment expense; (7) non-GAAP (loss) income from operations as loss from operations excluding share-based compensation expense, litigation settlement (credits) charges, amortization of intangible assets, restructuring (credits) charges, impairment of equity investment, impairment of lease related assets, and impairment expense; (8) non-GAAP net (loss) income as net loss excluding share-based compensation expense, litigation settlement (credits) charges, amortization of intangible assets, gain on early extinguishment of debt, the income tax effect of non-GAAP adjustments, restructuring (credits) charges, amortization of debt issuance costs, impairment of equity investment, impairment of lease related assets, and impairment expense; (9) non-GAAP weighted average shares outstanding as weighted average shares outstanding adjusted for the effect of shares for stock plan activity and shares related to our convertible senior notes, to the extent such shares are not already included in our weighted average shares outstanding; (10) non-GAAP net (loss) income per share is defined as non-GAAP net (loss) income divided by non-GAAP weighted average shares outstanding; and (11) free cash flow as net cash provided by operating activities adjusted for purchases of property and equipment. To the extent additional significant non-recurring items arise in the future, Chegg may consider whether to exclude such items in calculating the non-GAAP financial measures it uses. Chegg believes that these non-GAAP financial measures, when taken together with the corresponding GAAP financial measures, provide meaningful supplemental information regarding Chegg’s performance by excluding items that may not be indicative of Chegg’s core business, operating results or future outlook. Chegg management uses these non-GAAP financial measures in assessing Chegg’s operating results, as well as when planning, forecasting and analyzing future periods and believes that such measures enhance investors’ overall understanding of our current financial performance. These non-GAAP financial measures also facilitate comparisons of Chegg’s performance to prior periods. As presented in the "Reconciliation of Net Loss to EBITDA and Adjusted EBITDA," "Reconciliation of GAAP to Non-GAAP Financial Measures," "Reconciliation of Forward-Looking Net Loss to EBITDA and Adjusted EBITDA," and "Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow," tables below, each of the non-GAAP financial measures excludes or includes one or more of the following items: Share-based compensation expense. Share-based compensation expense is a non-cash expense that varies in amount from period to period and is dependent on market forces that are often beyond Chegg's control. As a result, management excludes this item from Chegg's internal operating forecasts and models. Management believes that non-GAAP measures adjusted for share-based compensation expense provide investors with a basis to measure Chegg's core performance against the performance of other companies without the variability created by share-based compensation as a result of the variety of equity awards used by other companies and the varying methodologies and assumptions used. Amortization of intangible assets. Chegg amortizes intangible assets, including those that contribute to generating revenues, that it acquires in conjunction with acquisitions, which results in non‑cash expenses that may not otherwise have been incurred. Chegg believes excluding the expense associated with intangible assets from non-GAAP measures allows for a more accurate assessment of its ongoing operations and provides investors with a better comparison of period-over-period operating results. No corresponding adjustments have been made related to revenues generated from acquired intangible assets. Amortization of debt issuance costs. The difference between the effective interest expense and the contractual interest expense are excluded from management's assessment of our operating performance because management believes that these non-cash expenses are not indicative of ongoing operating performance. Chegg believes that the exclusion of the non-cash interest expense provides investors with a better comparison of period-over-period operating results. Income tax effect of non-GAAP adjustments. We utilize a non-GAAP effective tax rate for evaluating our operating results, which is based on our current mid-term projections. This non-GAAP tax rate could change for various reasons including, but not limited to, significant changes resulting from tax legislation, changes to our corporate structure and other significant events. Chegg believes that the inclusion of the income tax effect of non-GAAP adjustments provides investors with a better comparison of period-over-period operating results. Restructuring (credits) charges. Restructuring (credits) charges represent expenses incurred in conjunction with a reduction in workforce. Chegg believes that it is appropriate to exclude them from non-GAAP financial measures because they are nonrecurring and the result of an event that is not considered a core-operating activity. Chegg believes that it is appropriate to exclude the restructuring charges from non-GAAP financial measures because it provides investors with a better comparison of period-over-period operating results. Impairment expense. Impairment expense represents the impairment of property and equipment. Chegg believes that it is appropriate to exclude it from non-GAAP financial measures because it is the result of discrete events that are not considered core-operating activities and are not indicative of our ongoing operating performance. Chegg believes that it is appropriate to exclude the impairment expense from non-GAAP financial measures because it provides investors with a better comparison of period-over-period operating results. Impairment of lease related assets. The impairment of lease related assets represents impairment charge recorded on the ROU asset and leasehold improvements associated with the closure of our offices. The impairment of lease related assets is the result of an event that is not considered a core-operating activity and we believe its exclusion provides investors with a better comparison of period-over-period operating results. Litigation settlement (credits) charges. Litigation settlement (credits) charges represent discrete events that are not considered core-operating activities, and as such, are excluded from non-GAAP financial measures because it provides investors with a better comparison of period-over-period operating results. Impairment of equity investment. The impairment of equity investment represents a one-time event to record an impairment charge on our equity investment. The impairment of equity investment is a non-cash expense and we believe the exclusion from non-GAAP financial measures provides investors with a better comparison of period-over-period results. Gain on early extinguishment of debt. The difference between the carrying amount of early extinguished debt and the reacquisition price is excluded from management's assessment of our operating performance because management believes that these non-cash gains are not indicative of ongoing operating performance. Chegg believes that the exclusion of the gain on early extinguishment of debt provides investors with a better comparison of period-over-period operating results. Effect of shares for stock plan activity. The effect of shares for stock plan activity represents the dilutive impact of outstanding stock options, RSUs, and PSUs, to the extent such shares are not already included in our weighted average shares outstanding. Effect of shares related to convertible senior notes. The effect of shares related to convertible senior notes represents the dilutive impact of our convertible senior notes, to the extent such shares are not already included in our weighted average shares outstanding. Free cash flow. Free cash flow represents net cash provided by operating activities adjusted for purchases of property and equipment. Chegg considers free cash flow to be a liquidity measure that provides useful information to management and investors about the amount of cash generated by the business after the purchases of property and equipment, which can then be used to, among other things, invest in Chegg's business and make strategic acquisitions. A limitation of the utility of free cash flow as a measure of financial performance is that it does not represent the total increase or decrease in Chegg's cash balance for the period. Forward-Looking Statements This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, which include, without limitation, statements regarding customer retention, the growth of the skilling market and our Skilling business, development and customer adoption of our products, development of new partnerships and distribution channels, our ability to manage expenses and maintain profitability, expectations regarding cash flow, repayment of debt, and utilization of our balance sheet, including future repurchases of debt or equity securities under our existing securities repurchase program, our ability to utilize AI tools to enhance and differentiate our product offerings and control costs, all statements about Chegg’s outlook under "Business Outlook", including our Q3 2026 guidance, including total revenue, gross margin, and adjusted EBITDA, our ability to transform our business, as well as those included in the investor presentation referenced above and those included in the "Prepared Remarks" sections above. The words "anticipate," "believe," "estimate," "expect," "intend," "project," "endeavor," "will," "should," "future," "transition," "outlook" and similar expressions, as they relate to Chegg, are intended to identify forward-looking statements. These statements are not guarantees of future performance, and are based on management’s expectations as of the date of this press release and assumptions that are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from any future results, performance or achievements. Important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements include the following: the effects of AI technology on Chegg’s business and the economy generally; Chegg’s ability to attract new learners and retain existing learners in light of declining revenue and user traffic; Chegg's ability to innovate and offer new products and services in response to competitive technology and market developments, including AI; Chegg’s ability to diversify its revenue streams with business-to-institution programs and other enterprise offerings; the uncertainty surrounding the evolving educational landscape; Chegg’s ability to build and maintain strong brands and reputation; Chegg’s ability to develop new product and service offerings and their adoption by customers; competition in all aspects of Chegg’s business, including with respect to AI and Chegg's expectation that such competition will increase; challenges related to Chegg’s international operations; Chegg’s ability to maintain its services and systems without interruption, including as a result of technical issues, cybersecurity threats, or cyber-attacks; disruptions of services provided to us by third parties, including web hosting and payment processing services; changes in regulation, in particular those concerning privacy, marketing, and education; risks related to our ability to comply with regulations, obligations and policies related to data privacy; the outcome of any current litigation and investigations, including our litigation against Google and litigation against us; misuse of Chegg’s platform and content; the effectiveness of Chegg’s restructuring activities and disruptions related to them; changes in the education market, including as a result of AI technology; the possibility that the NYSE may delist our common stock; and general economic, political and industry conditions, including inflation, recession and war. All information provided in this release and in the conference call is as of the date hereof, and Chegg undertakes no duty to update this information except as required by law. These and other important risk factors are described more fully in documents filed with the Securities and Exchange Commission, including Chegg's most recent annual report on Form 10-K, subsequent quarterly reports on Form 10-Q and other filings with the Securities and Exchange Commission, which could cause actual results to differ materially from expectations. View source version on businesswire.com: https://www.businesswire.com/news/home/20260806916599/en/ Contacts Media Contact: [email protected] Investor Contact: Tracey Ford, [email protected]

Wall Street expects a year-over-year increase in earnings on higher revenues when CI&T Inc. (CINT) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 11. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This company is expected to post quarterly earnings of $0.10 per share in its upcoming report, which represents a year-over-year change of +42.9%. Revenues are expected to be $138.66 million, up 18.3% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For CI&T, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -15.79%. On the other hand, the stock currently carries a Zacks Rank of #4. So, this combination makes it difficult to conclusively predict that CI&T will beat the consensus EPS estimate. While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that CI&T would post earnings of $0.09 per share when it actually produced earnings of $0.06, delivering a surprise of -33.33%. Over the last four quarters, the company has beaten consensus EPS estimates two times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. CI&T doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Chegg (CHGG), another stock in the Zacks Internet - Software industry, is expected to report loss per share of $0.05 for the quarter ended June 2026. This estimate points to a year-over-year change of -150%. Revenues for the quarter are expected to be $49.78 million, down 52.6% from the year-ago quarter. Over the last 30 days, the consensus EPS estimate for Chegg has remained unchanged. Nevertheless, the company now has an Earnings ESP of 0.00%, reflecting an equal Most Accurate Estimate. This Earnings ESP, combined with its Zacks Rank #3 (Hold), makes it difficult to conclusively predict that Chegg will beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CI&T Inc. (CINT) : Free Stock Analysis Report Chegg, Inc. (CHGG) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Chegg, Inc. CHGG is scheduled to report its second-quarter 2026 results on Aug. 6, before the opening bell.In the last reported quarter, the company’s adjusted earnings per share (EPS) and net revenues topped the Zacks Consensus Estimate by 200% and 3.9%, respectively. On a year-over-year basis, the top line tumbled 47.9%, while the bottom line surged 150%.CHGG’s earnings topped the consensus mark in each of the trailing four quarters, the average surprise being 133.6%. The Zacks Consensus Estimate for CHGG’s second-quarter bottom line reflects a loss per share of five cents, which has remained unchanged over the past 60 days. The estimated figure indicates a whopping 150% year-over-year decline from adjusted earnings per share of 10 cents.The consensus estimate for net revenues is pegged at $49.8 million, indicating a 52.7% downturn from $105.1 million reported in the year-ago quarter. Chegg, Inc. price-eps-surprise | Chegg, Inc. Quote RevenuesChegg’s second-quarter performance is expected to have declined due to reduced contributions from its legacy academic business, as it continues to shrink much faster than its newer skilling business’ growth. The decline in subscription revenues and advertising services revenues, because of lower student traffic, is likely to have pressured top-line growth. Increased AI-driven alternatives and reduced Google search traffic are expected to have weighed heavily on subscriber growth and engagement for Chegg. For the to-be-reported quarter, Chegg expects net revenues between $49 million and $50 million.For the second quarter, the Zacks Consensus Estimate for revenues from the Academic Services (which accounted for 72.2% of first-quarter 2026 net revenues) and Chegg Skilling (which accounted for 27.8% of first-quarter 2026 net revenues) product lines is pegged at $31.7 million and $17.9 million, respectively.Nonetheless, strong demand for workforce upskilling, AI training, language learning and professional development is expected to have boosted its Skilling segment. Also, strategic partnerships with organizations like Cornerstone and Woolf are likely to have broadened distribution and created new revenue opportunities.MarginsThe bottom line of Chegg is likely to have tumbled year over year mainly due to reduced leverage from the top line because of lower subscribers. The decline in revenues is expected to have pressured the margins as the fixed-cost base of the company remains in place.For the quarter to be reported, the company expects gross margin between 51% and 52%, down from 66% reported in the previous-year quarter. Moreover, adjusted EBITDA is anticipated in the range of $5-$6 million, notably down from $23.1 million reported in the year-ago quarter.Nonetheless, CHGG’s focus on the effective execution of its disciplined cost management is expected to have somewhat offset the near-term headwinds. Our proven model does not conclusively predict an earnings beat for Chegg this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. Unfortunately, this is not the case here, as you will see below.CHGG’s Earnings ESP: The company has an Earnings ESP of 0.00%. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.CHGG’s Zacks Rank: The stock currently carries a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here. Here are some stocks from the Zacks Computer and Technology sector, which per our model, have the right combination of elements to deliver an earnings beat this time around.Sandisk Corporation SNDK has an Earnings ESP of +4.13% and a Zacks Rank of 1 at present. Sandisk’s earnings beat estimates in each of the last four quarters, the average surprise being 380.9%. The company’s earnings for the fourth quarter of fiscal 2026 are expected to surge 11,706.9% year over year.Western Digital Corporation WDC currently has an Earnings ESP of +3.22% and a Zacks Rank of 1.Western Digital’s earnings beat estimates in each of the last four quarters, the average surprise being 11.6%. The company’s earnings for the fourth quarter of fiscal 2026 are expected to increase 101.8% year over year.Shopify Inc. SHOP has an Earnings ESP of +6.85% and a Zacks Rank of 2.Shopify’s earnings beat estimates in two of the last four quarters, missed on one occasion and met on the remaining occasion, the average surprise being 7.4%. The company’s earnings for the second quarter of 2026 are expected to improve 11.4% year over year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Chegg, Inc. (CHGG) : Free Stock Analysis Report Western Digital Corporation (WDC) : Free Stock Analysis Report Sandisk Corporation (SNDK) : Free Stock Analysis Report Shopify Inc. (SHOP) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research