SSNC

Its operating margin is a fraction of the market's while its net margin sits above the market's, which is where the earnings comparison stops being about the business. UiPath (PATH) stock has climbed 52.4% over the trailing three months against 4.6% for the S&P 500, and trades at about $15.30 a share. On earnings it looks unremarkable, at 24.4 times against 23.8 for the market. That is the least informative comparison here. Its Earnings Multiple Is Not Measuring Its Operations UiPath runs a 6.0% operating margin against 18.4% for the S&P 500, and yet reports a net margin of 19.6% against the market's 13.1%. Earnings that large do not come out of an operating line that thin: the gap opens up below the operating line, and that is why the earnings multiple looks ordinary. Priced on sales, the premium is plain at 4.8 times against 3.3 for the index, on $1.7 billion of revenue over the trailing twelve months. On operating cash flow the premium is narrower, at 20.8 times against 15.6 for the index. The Sales Premium Is A Bet On Process Orchestration What the company sells has changed. It grew up on deterministic robots that repeat one task the same way every time; what it leads with now is process orchestration, software that sequences agents, automations, systems and people through a whole workflow. Maestro Case, in public preview, pushes that into exception-heavy work with no fixed path, and its UiPath for coding agents product targets what management says nearly every customer conversation surfaces: an automation backlog growing faster than customers can build and maintain. Revenue has grown at an average annual rate of 15.1% over the last three years against 5.9% for the S&P 500. Growth alongside margins earned in the operation is one of the things the Trefis High Quality Portfolio insists on in its holdings, and it is the second half of that pairing that is still missing here. Its Recurring Base Is Compounding Slower Than Its Revenue The counter is in the recurring line. Annual recurring revenue reached $1.901 billion in fiscal Q1 2027, up 12% year over year, while reported revenue grew 17.3%, and ARR rather than the reported line is the rate a subscription platform actually compounds at. Management's answer is that on a trailing twelve-month basis revenue growth is 15% against ARR's 12%. Asked to size the ARR coming from the AI products the case rests on, management said only that it would disclose product ARR periodically. The downside record is part of the counter: the stock fell 75% during the 2022 inflation shock against a 24% drop for the S&P 500, and remains about 65% below its pre-crisis high. What The September Report Has To Show UiPath reports fiscal Q2 2027 results on September 3. Two lines matter most: whether ARR growth closes on revenue growth, and whether GAAP operating income builds on the $28 million posted in fiscal Q1 2027, up from a $16 million operating loss a year earlier. Get both and the premium becomes a claim about the operation rather than the platform story. Miss both, with the operating margin still near 6.0%, and the multiple that made the stock look market-priced goes on measuring something other than the business. Rather than judge that on a single number, a scorecard that grades a company across five factors keeps the whole picture in front of you. One Contested Platform Bet Is A Narrow Way To Own Software Deciding on PATH means picking a side in an argument a single quarter's results will not close. The Trefis High Quality Portfolio takes the other route, holding a group of quality businesses rather than resolving a single company's debate. That portfolio has a track record of outpacing the three major indices - the S&P 500, S&P Mid-cap, and Russell 2000.

SS&C currently trades at $77.05 per share and has shown little upside over the past six months, posting a middling return of 4.8%. Is there a buying opportunity in SS&C, or does it present a risk to your portfolio? See what our analysts have to say in our full research report, it’s free. We’re cautious about SS&C. Here are three reasons you should be careful with SSNC, plus one stock we’d rather own. Adjusted operating margin is one of the best measures of profitability because it tells us how much money a company takes home after subtracting all core expenses, like marketing and R&D. It also removes various one-time costs to paint a better picture of normalized profits. Looking at the trend in its profitability, SS&C’s adjusted operating margin might have fluctuated slightly but has generally stayed the same over the last five years. This raises questions about the company’s expense base because its revenue growth should have given it leverage on its fixed costs, resulting in better economies of scale and profitability. Its adjusted operating margin for the trailing 12 months was 38.5%. If you’ve followed StockStory for a while, you know we emphasize free cash flow. Why, you ask? We believe that in the end, cash is king, and you can’t use accounting profits to pay the bills. As you can see below, SS&C’s margin was unchanged over the last five years, showing it couldn’t improve. Its free cash flow margin for the trailing 12 months was 22.9%. Growth gives us insight into a company’s long-term potential, but how capital-efficient was that growth? Enter ROIC, a metric showing how much operating profit a company generates relative to the money it has raised (debt and equity). SS&C historically did a mediocre job investing in profitable growth initiatives. Its five-year average ROIC was 6.8%, somewhat low compared to the best business services companies that consistently pump out 25%+. SS&C isn’t a terrible business, but it doesn’t pass our quality test. That said, the stock currently trades at 10.4× forward P/E (or $77.05 per share). This valuation is reasonable, but the company’s shakier fundamentals present too much downside risk. We’re fairly confident there are better stocks to buy right now. We’d recommend looking at the most entrenched endpoint security platform on the market. ONE MORE THING: Top 5 Growth Stocks. The biggest stock winners almost always had one thing in common before they ran. Revenue growing like crazy. Meta. CrowdStrike. Broadcom. Our AI flagged all three. They returned 315%, 314%, and 455%, respectively. Find out which 5 stocks it’s flagging this month — FREE. Get Our Top 5 Growth 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 Comfort Systems (+1,154% between June 2020 and June 2025). Find your next big winner with StockStory today.

SS&C’s second quarter results drew a strongly positive market reaction, as the company outperformed Wall Street’s revenue and non-GAAP profit expectations. Management attributed this to a combination of large technology license renewals, continued momentum in multiyear client contracts, and successful integration of recent acquisitions. CEO Bill Stone emphasized that organic revenue growth was boosted by the timing of major contract renewals, stating, “We did have a couple of big renewals in Q2, and that’s why organic revenue was up a couple of hundred extra basis points.” The quarter also benefited from robust demand in fund administration, with assets under administration up notably over the past two years. Is now the time to buy SSNC? Find out in our full research report (it’s free). Revenue: $1.70 billion vs analyst estimates of $1.66 billion (10.3% year-on-year growth, 2.1% beat) Adjusted EPS: $1.76 vs analyst estimates of $1.68 (4.8% beat) Adjusted EBITDA: $672.3 million vs analyst estimates of $660.2 million (39.6% margin, 1.8% beat) The company slightly lifted its revenue guidance for the full year to $6.75 billion at the midpoint from $6.74 billion Management raised its full-year Adjusted EPS guidance to $7.09 at the midpoint, a 2.8% increase Operating Margin: 24.6%, up from 22.4% in the same quarter last year Billings: $1.67 billion at quarter end, up 9.7% year on year Market Capitalization: $18.86 billion 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. Daniel Perlin (RBC Capital Markets) asked for more detail on the drivers behind organic growth, particularly the impact of large license renewals. CEO Bill Stone explained that the timing of contract renewals can cause spikes in revenue and highlighted their increasing frequency as the business scales. Jeffrey Schmitt (William Blair) inquired about the impact of AI adoption on outsourcing demand. President Rahul Kanwar responded that customers increasingly turn to SS&C for scalable AI-driven automation, as building comparable solutions internally is more challenging. Kevin McVeigh (UBS) asked about the scalability and financial impact of the Medicare GLP-1 Bridge program on DomaniRx. Bill Stone noted the program’s early popularity but cautioned that its long-term contribution depends on government decisions regarding program continuation. Isabella Camaj (JPMorgan) sought clarity on the implications of renewal timing for organic growth in the second half of the year. Bill Stone said there are upcoming renewals that could provide upside, but the company will not speculate on the timing. Peter Heckmann (D.A. Davidson) probed the drivers behind the Intralinks business rebound. President Kanwar cited positive pipeline conversion and new client wins, especially in virtual data rooms and alternative asset communication. In the coming quarters, the StockStory team will focus on (1) the pace of adoption for Agentic AI and automation platforms across enterprise clients, (2) the scalability and renewal of healthcare initiatives such as the Medicare GLP-1 Bridge on DomaniRx, and (3) continued execution in integrating and expanding the Calastone and Curo acquisitions. Sustained growth in fund administration and further large contract renewals will also be key indicators to watch. SS&C currently trades at $78.34, up from $66.95 just before the earnings. Is the company at an inflection point that warrants a buy or sell? See for yourself in our full research report (it’s free for active Edge members). ONE MORE THING: Top 5 Growth Stocks. The biggest stock winners almost always had one thing in common before they ran. Revenue growing like crazy. Meta. CrowdStrike. Broadcom. Our AI flagged all three. They returned 315%, 314%, and 455%, respectively. Find out which 5 stocks it’s flagging this month — FREE. Get Our Top 5 Growth 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.

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. Record second quarter results were driven by 7.6% organic revenue growth, supported by large multi-year technology license renewals and strong performance in the hedge fund business. Management attributes the organic growth beat to the 'lumpiness' of long-term contracts, where 7-year renewals create immediate revenue recognition under 606 accounting standards. The hedge fund administration business showed significant resilience, with the redemption index hitting a near-historic low of 1.35% despite an uncertain macro backdrop. Strategic acquisitions of Curo and Calastone are tracking ahead of expectations, with Calastone specifically positioned to lead in digital investment markets and tokenized fund distribution. The launch of the Medicare GLP-1 Bridge Program on the DomaniRx platform demonstrated operational scale by processing nearly 3 million claims since July 1. Operational efficiency is being enhanced by transitioning from traditional RPA to Agentic AI, allowing for more complex, less people-intensive workflows through an orchestration layer. Market positioning remains strong in global investor services, where the company's 65% market share serves as a competitive moat for winning large-scale mandates. Full-year 2026 guidance was raised to 5.5% organic revenue growth at the midpoint, with a target of reaching 40% EBITDA margin by the fourth quarter. Management expects to maintain a stronger weighting toward share repurchases over debt reduction, viewing buybacks as the top capital allocation priority. The company is actively exploring refinancing opportunities for bonds maturing in 2027 to optimize the capital structure. Future margin expansion is predicated on the internal and external deployment of AI tools and the continued scaling of the DomaniRx platform. Guidance assumes short-term interest rates remain at current levels and retention rates stay consistent with recent historical results. The Medicare GLP-1 Bridge Program is currently a 6-month trial; management notes a '50-50' chance the government continues the program despite its initial success. Capitalized software spend is expected to remain steady as the company invests in new releases for Genesis, Eclipse, and cybersecurity redundancy. The company maintains a 'governance-first' approach to AI to mitigate risks for clients in highly regulated industries where errors carry significant consequences. Net leverage ratio stands at 2.75x following the highest quarterly share repurchase in the company's history at $435.2 million. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Bill Stone explained that the beat was largely due to the timing of several large, 7-year license renewals hitting in June. While these renewals create 'lumpy' revenue, the increasing number of large clients is beginning to smooth out this effect over time. Rahul Kanwar noted that customers are increasingly turning to SS&C to avoid the cost and complexity of building internal AI infrastructure. The ability to deploy Agentic AI capabilities in a scalable way is becoming a primary driver for new outsourcing and lift-out mandates. Management views AI not as a price-concession tool for clients, but as a way to transition from simple bots to sophisticated, non-people-intensive workflows. The strategy focuses on building an 'orchestration layer' that allows AI agents to make complex decisions within defined guardrails. The business is seeing sequential improvement as M&A pipelines convert into bookings and revenue. Growth is being supported by steady demand in the alternatives sector for limited partner (LP) communications.

This article first appeared on GuruFocus. Adjusted Revenue: $1.697 billion, up 10.3% year-over-year. Adjusted Diluted EPS: $1.76, an 18.1% increase. Adjusted Consolidated EBITDA: $671 million, up 11.7%, with a margin of 39.5%. Adjusted Organic Revenue Growth: 7.6% on a constant currency basis. Cash from Operating Activities: $716 million for the six months ended June 30, 2026, up 11% year-over-year. Shares Repurchased: 6.4 million shares for $435.2 million. Net Income: $235 million. Net Debt: $7.2 billion, with a net leverage ratio of 2.75 times. Cash and Cash Equivalents: $435 million. Gross Debt: $7.6 billion. Net Interest Expense: $107 million for the second quarter. Adjusted Net Income: $426 million, up 13.3%. Effective Non-GAAP Tax Rate: 22.5% for the quarter. Warning! GuruFocus has detected 3 Warning Sign with SSNC. Is SSNC fairly valued? Test your thesis with our free DCF calculator. Release Date: July 23, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. SS&C Technologies Holdings Inc (NASDAQ:SSNC) reported record-setting results for Q2 2026, with adjusted revenue of $1.697 billion, up 10.3% year-over-year. The company achieved an 18% increase in adjusted diluted earnings per share, reaching $1.76. SS&C Technologies Holdings Inc (NASDAQ:SSNC) returned $499 million to shareholders, including the highest quarterly buyback in its history, repurchasing 6.4 million shares for $435.2 million. The acquisitions completed at the end of 2025, including Kuro and Callistone, are tracking ahead of expectations, contributing positively to revenue growth. The company is actively deploying AI across its products and operations, enhancing revenue growth and margin expansion, with a focus on governance and customer protection. Despite strong performance, the company faces an uncertain economic backdrop, which could impact future results. The company's net debt remains high at $7.2 billion, with a net leverage ratio of 2.75 times. There is a potential risk associated with the Medicare GLP-1 Bridge Program, as it is a trial program with uncertain long-term continuation. The company is exploring refinancing opportunities for bonds maturing in 2027, indicating potential financial restructuring needs. SS&C Technologies Holdings Inc (NASDAQ:SSNC) faces competitive pressures in its outsourcing and lift-out services, requiring significant attention and resources to maintain its market position. Q: The organic growth was above guidance. Can you provide more context, especially regarding license renewals? A: William Stone, CEO: License renewals occur when contracts expire, often leading to revenue spikes due to accounting standards. We had a couple of significant renewals in Q2, contributing to the organic revenue increase. Q: How does market volatility impact your organic growth, particularly in the Globe Op segment? A: William Stone, CEO: Our hedge fund business is strong, with low redemption rates indicating robust performance. Our assets under administration have increased significantly, reflecting our strength in this area. Q: Are you seeing increased demand for outsourcing due to AI advancements? A: Rahul Kanwar, COO: Yes, there's strong demand as companies seek to leverage AI without building it internally. Our scalable deployment of AI capabilities is attractive to clients. Q: How is the Medicare GLP-1 Bridge Program contributing to your results? A: William Stone, CEO: The program is popular and contributes significantly, though it's a trial. We are optimistic about its continuation and the collaboration with Humana and CMS. Q: How is AI influencing your renewal conversations and pricing strategies? A: William Stone, CEO: AI is a key topic for clients. Our approach demonstrates superior technology and protection, helping clients transition to more sophisticated workflows with less human intervention. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

(Bloomberg) -- Intel Corp. is expected to report strong second-quarter earnings after the market close Thursday, but even blowout results likely won’t be enough to reverse the stock’s July slide. Most Read from Bloomberg Retina Chip Designed to Restore Sight to Go on Sale in Europe Hegseth Turns to UNC, Virginia Tech After Dropping Ivy League Apple Plans Overhaul of MacBooks, iMac in Push to Meet AI Demand Trump’s 100% Generic Drug Duty Threatens US Low-Cost Supply Apple to Launch ‘Upgrade’ Device Leasing Program With Klarna to Spur Sales The shares are down 27% this month, putting them among the 10 worst performers in the S&P 500 Index, after soaring 278% in the first half for the third-best performance in the broad equities benchmark. The move comes as investors are suddenly selling this year’s winners and souring on chipmakers in particular. The Philadelphia Stock Exchange Semiconductor Index, or SOX, has lost 13% this month and briefly sank into a bear market last week before recovering somewhat. “How investors feel about the semiconductor space is going to call what Intel does here more than what Intel tells you,” said Matt Bryson of Wedbush Securities. “The stock move has been more of a sentiment shift necessarily than being supported by kind of real shifts in earnings power.” Wall Street expects Intel to post a 12% increase in second-quarter revenue to $14.4 billion and earnings of 12 cents per share, reversing a loss of 67 cents a year ago. Gross margins are projected to be about 39%, up from nearly 30% in the same quarter last year. “It’s not that Intel hasn’t gotten better,” Bryson said. “Just it hasn’t gotten better at the same rate that the stock has gotten better.” Intel shares have gained 178% in 2026, putting them on pace for their best year ever in data going back to 1983. That’s the second-strongest showing in the SOX, which has risen 75% this year and is heading for its best annual performance since 2003. The stock took off in early April and kept running, eventually eclipsing its dot-com era high, as the company joined Elon Musk’s Terafab project, issued a blockbuster forecast and President Donald Trump touted a deal with Apple Inc. to design and produce chips in the US. But enthusiasm for semiconductors is starting to fizzle as investors grow concerned about how long the heavy spending on artificial intelligence can last. And that pessimism is now looming over Intel’s results. During its earnings call on Wednesday, Alphabet Inc., one of the biggest AI spenders, raised its outlook for capital expenditures this year to between $195 billion and $205 billion from its previous expectation of $180 billion to $190 billion. Last week’s disappointing market reaction to a strong print from Taiwan Semiconductor Manufacturing Co., the main chipmaker for Nvidia Corp., demonstrates the challenges facing Intel’s stock heading into this report. TSMC increased its revenue and spending outlooks for the year, reflecting confidence in demand for chips and data centers in 2027 and beyond. And yet the company’s American depositary receipts fell. Of course, Intel’s report is likely to offer encouraging signs for investors. There’s strong demand from data center operators for central processing unit chips, known as CPUs, which Intel makes, to the point where there are concerns about whether supply can keep up. Wall Street is also hoping Intel will name more clients for its foundry business, with analysts closely watching its capital expenditures for clues that it has secured new customers. In addition, positive updates on a deal with Apple or the Terafab commitment could give the shares a boost, according to Kim Forrest, founder and chief investment officer of Bokeh Capital Partners. “If those announcements still feel like they’re going forward in the timeline originally outlined, I think the stock reacts well in the shorter term,” she said. The shares got a lift Tuesday when the company confirmed that it will cut jobs in its data center group as part of its effort to reduce costs. But even with healthy earnings and shares well off a record high, Intel may not have much more room to rise because it’s gotten too expensive. The stock is priced at about 74 times earnings over the next 12 months, an extreme premium to its 10-year average of 22. That’s the third highest multiple in the semiconductor index, blowing away rivals like Nvidia, which is priced at less than 20 times forward earnings, and Broadcom Inc. at 23 times. The SOX trades at 23 times projected earnings, and the S&P 500 is at 20 times. “This is a stock where the market is getting ahead of itself, at least on the valuation side,” said Thomas George, portfolio manager at Grizzle Investment Management, which owns Intel shares. “The added hurdle for Intel is its own demanding valuation.” Tech Chart of the Day Top Tech Stories Alphabet raised its capital spending forecast to as much as $205 billion this year, reigniting concerns about a lack of fiscal discipline in the race to dominate artificial intelligence. Tesla Inc.’s profit tumbled despite a strong quarter for its automotive business, pressuring Elon Musk’s plan to refocus the electric vehicle maker on artificial intelligence and robots. Uber Technologies Inc. said it has cut 10% of jobs within its customer service operations as part of a broader effort to simplify its ranks and “embrace artificial intelligence.” Micron Technology Inc. recently gave Tesla Inc. a “significant allocation” of memory chips, according to Elon Musk, helping meet the automaker’s demand for an increasingly precious commodity. International Business Machines Corp. cut its full-year sales outlook, including for its closely watched software unit, after reporting a dip in demand for its mainframe business. Earnings Due Earnings Postmarket: --With assistance from Neil Campling, Subrat Patnaik and David Watkins. Most Read from Bloomberg Businessweek The Bitcoin Slump Is Crushing Companies That Stockpiled Tokens How China’s ‘Temu Range Rover’ Became Britain’s Top-Selling Car Van Leeuwen’s Path From a Single Ice Cream Truck to a Dessert Giant Credit Card Holders Are Using ‘Friendly Fraud’ to Get Back at Retailers For Software Engineers, the AI Reckoning Is Already Here ©2026 Bloomberg L.P.

For the quarter ended June 2026, SS&C Technologies (SSNC) reported revenue of $1.7 billion, up 10.4% over the same period last year. EPS came in at $1.76, compared to $1.45 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $1.66 billion, representing a surprise of +2.09%. The company delivered an EPS surprise of +4.76%, with the consensus EPS estimate being $1.68. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how SS&C Technologies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Adjusted Revenues- License, maintenance and related: $287.5 million compared to the $256.87 million average estimate based on three analysts. The reported number represents a change of +6.8% year over year. Adjusted Revenues- Technology-enabled services: $1.41 billion versus the three-analyst average estimate of $1.41 billion. The reported number represents a year-over-year change of +11.1%. Revenues- License, maintenance and related: $287.5 million versus the two-analyst average estimate of $277.15 million. The reported number represents a year-over-year change of +6.8%. Revenues- Technology-enabled services: $1.41 billion versus $1.39 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +11.1% change. View all Key Company Metrics for SS&C Technologies here>>> Shares of SS&C Technologies have returned +1.6% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term. 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 SS&C Technologies Holdings, Inc. (SSNC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

SS&C Technologies (SSNC) came out with quarterly earnings of $1.76 per share, beating the Zacks Consensus Estimate of $1.68 per share. This compares to earnings of $1.45 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +4.76%. A quarter ago, it was expected that this financial services software maker would post earnings of $1.66 per share when it actually produced earnings of $1.69, delivering a surprise of +1.81%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. SS&C Technologies, which belongs to the Zacks Computer - Software industry, posted revenues of $1.7 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.09%. This compares to year-ago revenues of $1.54 billion. The company has topped consensus revenue estimates four 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. SS&C Technologies shares have lost about 23.3% since the beginning of the year versus the S&P 500's gain of 9.6%. While SS&C Technologies 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 SS&C Technologies was unfavorable. 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 #4 (Sell) for the stock. So, the shares are expected to underperform 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 $1.72 on $1.69 billion in revenues for the coming quarter and $6.87 on $6.75 billion 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, Computer - Software is currently in the top 39% 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. Another stock from the same industry, Cadence Design Systems (CDNS), has yet to report results for the quarter ended June 2026. The results are expected to be released on July 27. This maker of hardware and software products for validating chip designs is expected to post quarterly earnings of $2.05 per share in its upcoming report, which represents a year-over-year change of +24.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Cadence Design Systems' revenues are expected to be $1.58 billion, up 23.6% 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 SS&C Technologies Holdings, Inc. (SSNC) : Free Stock Analysis Report Cadence Design Systems, Inc. (CDNS) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Q2 2026 GAAP revenue $1,695.7 million, up 10.3%, Fully Diluted GAAP Earnings Per Share $0.97, up 34.7% Adjusted revenue $1,696.9 million, up 10.3%, Adjusted Diluted Earnings Per Share $1.76, up 18.1% WINDSOR, Conn., July 23, 2026--(BUSINESS WIRE)--SS&C Technologies Holdings, Inc. (NASDAQ: SSNC), a global provider of investment, financial and healthcare technology and technology-enabled services, today announced its financial results for the second quarter ended June 30, 2026. Second Quarter 2026 Highlights: Q2 2026 GAAP Revenue growth and Adjusted Revenue growth were 10.3 percent. Q2 2026 Adjusted Organic Revenue Growth was 7.6 percent. Net cash generated from operating activities of $716.4 million for the six months ended June 30, 2026, up 11.1 percent compared to the same period in 2025. Returned $499.2 million to shareholders in Q2 2026, which included a record 6.4 million shares repurchased for $435.2 million and $64.0 million in common stock dividends. Record adjusted consolidated EBITDA of $670.7 million for Q2 2026, up 11.7 percent. Adjusted consolidated EBITDA margin for Q2 2026 was 39.5 percent. GAAP operating income margin for Q2 2026 was 24.6 percent and GAAP net income of $234.8 million for Q2 2026, up 29.9 percent. Adjusted diluted earnings per share was $1.76, up 18.1 percent. We look forward to hosting our clients at SS&C Deliver in Orlando, FL September 20-22, 2026. "SS&C delivered another record quarter, organic growth of 7.6 percent, adjusted revenues of $1,697 million and adjusted consolidated EBITDA of $671 million. These numbers were driven by consistent execution," says Bill Stone, Chairman and Chief Executive Officer. "The structural advantages of SS&C's business model are reflected in the metrics that matter most: strong sales, robust renewal performance, healthy retention, and steady margin expansion. Our clients continue to invest in the relationship because our expertise, technology, and innovation are essential to their operations. Year to date, we returned 100 percent of allocated capital to shareholders through share repurchases and dividends, reflecting our confidence in the long-term value of our business." Operating Cash Flow SS&C generated net cash from operating activities of $716.4 million for the six months ended June 30, 2026, compared to $645.1 million for the same period in 2025, a 11.1% increase. SS&C ended the second quarter with $434.8 million in cash and cash equivalents and $7,613.5 million in gross debt. SS&C’s consolidated net leverage ratio as defined in our credit agreement stood at 2.75 times consolidated EBITDA as of June 30, 2026. SS&C’s net secured leverage ratio stood at 1.70 times consolidated EBITDA as of June 30, 2026. Guidance SS&C does not provide reconciliations of guidance for Adjusted Revenues and Adjusted Net Income to comparable GAAP measures, in reliance on the unreasonable efforts exception provided under Item 10(e)(1)(i)(B) of Regulation S-K. SS&C is unable, without unreasonable efforts, to forecast certain items required to develop meaningful comparable GAAP financial measures. These items include acquisition transactions and integration, foreign exchange rate changes, as well as other non-cash and other adjustments as defined under the Company’s Credit agreement, that are difficult to predict in advance in order to include in a GAAP estimate. The unavailable information could have a significant impact on Q3 2026 and FY 2026 GAAP financial results. Non-GAAP Financial Measures Adjusted revenue, adjusted operating income, adjusted consolidated EBITDA, adjusted net income and adjusted diluted earnings per share are non-GAAP measures. See the accompanying notes for the reconciliations and definitions for each of these non-GAAP measures and the reasons our management believes these measures provide useful information to investors regarding our financial condition and results of operations. All references above to net income, diluted earnings per share, adjusted operating income, adjusted consolidated EBITDA, and adjusted diluted earnings per share are attributable to SS&C. Earnings Call and Press Release SS&C’s second quarter 2026 earnings call will take place at 5:00 p.m. eastern time today, July 23, 2026. The call will discuss second quarter 2026 results. Interested parties may visit investor.ssctech.com to access the live webcast and view accompanying slides. The call will be available for replay via the webcast on SS&C’s website; access: https://investor.ssctech.com/financials/quarterly-results/default.aspx Certain information contained in this press release, including information relating to, among other things, the Company’s financial guidance for the third quarter and full year of 2026 constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, expectations, intentions, projections, developments, future events, performance, underlying assumptions, and other statements that are other than statements of historical facts. Without limiting the foregoing, the words "believes", "anticipates", "plans", "expects", "estimates", "projects", "forecasts", "may", "assume", "intend", "will", "continue", "opportunity", "predict", "potential", "future", "guarantee", "likely", "target", "indicate", "would", "could" and "should" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements are accompanied by such words. Such statements reflect management’s best judgment based on factors currently known but are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated. Such risks and uncertainties include, but are not limited to, the state of the economy and the financial services industry and other industries in which the Company’s clients operate, the Company’s ability to realize anticipated benefits from its acquisitions, the effect of customer consolidation on demand for the Company’s products and services, the variability of revenue as a result of activity in the securities markets, the focus of the Company’s business on the asset management industry, the ability to retain and attract clients, the intensity of competition with respect to the Company’s products and services, risks from cyber-attacks, breaches of digital security, IT system failures and network disruptions, risks associated with third party providers, fluctuations in the Company’s operating results, terrorist activities and other catastrophic events, risks associated with the Company’s foreign operations, privacy concerns relating to the collection and storage of personal information, evolving regulations and increased scrutiny from regulators, the Company’s ability to protect intellectual property assets and litigation regarding intellectual property rights, delays in product development, investment decisions concerning cash balances, tax risks, risks associated with the Company’s joint ventures, changes in accounting standards, evolving regulation and scrutiny from regulators, the Company’s exposure to litigation and other claims, risks related to the Company’s substantial indebtedness, and the market price of the Company’s stock prevailing from time to time, and the risks discussed in the "Risk Factors" section of the Company’s most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, which are on file with the Securities and Exchange Commission and can also be accessed on our website. Such "Risk Factors", among others, could cause actual results to differ materially from those indicated by forward-looking statements made herein and presented elsewhere by management from time to time. Undue reliance should not be placed on any such forward-looking statements. Forward-looking statements speak only as of the date on which they are made and, except to the extent required by applicable securities laws, we undertake no obligation to update or revise any forward-looking statements. About SS&C Technologies SS&C is a leading provider of mission-critical, AI-powered technology and services empowering financial services and healthcare organizations to work smarter, faster, and securely. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices worldwide. More than 23,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology. Follow SS&C on X, LinkedIn and Facebook. SS&C Technologies Holdings, Inc. and Subsidiaries Disclosures Relating to Non-GAAP Financial Measures Note 1. Reconciliation of Revenues to Adjusted Revenues Adjusted revenues represents revenues adjusted to include a) amounts that would have been recognized if deferred revenue were not adjusted to fair value at the date of acquisition and b) amounts that would have been recognized if not for adjustments to deferred revenue and retained earnings related to the adoption of ASC 606. Adjusted revenues is presented because we use this measure to evaluate performance of our business against prior periods and believe it is a useful indicator of the underlying performance of our business. Adjusted revenues is not a recognized term under generally accepted accounting principles ("GAAP"). Adjusted revenues does not represent revenues, as that term is defined under GAAP, and should not be considered as an alternative to revenues as an indicator of our operating performance. Adjusted revenues as presented herein is not necessarily comparable to similarly titled measures presented by other companies. Below is a reconciliation of adjusted revenues to revenues, the GAAP measure we believe to be most directly comparable to adjusted revenues. The following is a breakdown of technology-enabled services and license, maintenance and related revenues and adjusted technology-enabled services and license, maintenance and related revenues. Note 2. Reconciliation of Operating Income to Adjusted Operating Income Adjusted operating income represents operating income adjusted for amortization of intangible assets, stock-based compensation, purchase accounting adjustments for deferred revenue and related costs, ASC 606 adoption impact and other expenses. Adjusted operating income is presented because we use this measure to evaluate performance of our business and believe it is a useful indicator of our underlying performance. Adjusted operating income is not a recognized term under GAAP. Adjusted operating income does not represent operating income, as that term is defined under GAAP, and should not be considered as an alternative to operating income as an indicator of our operating performance. Adjusted operating income as presented herein is not necessarily comparable to similarly titled measures by other companies. The following is a reconciliation between adjusted operating income and operating income, the GAAP measure we believe to be most directly comparable to adjusted operating income. Note 3. Reconciliation of Net Income to EBITDA, Consolidated EBITDA and Adjusted Consolidated EBITDA EBITDA represents net income before interest expense, income taxes, depreciation and amortization. Consolidated EBITDA, defined under our Credit Agreement entered into in April 2018, as amended, is used in calculating covenant compliance, and is EBITDA adjusted for certain items. Consolidated EBITDA is calculated by subtracting from or adding to EBITDA items of income or expense described below. Adjusted Consolidated EBITDA is calculated by subtracting acquired EBITDA (as defined below) from Consolidated EBITDA. EBITDA, Consolidated EBITDA and Adjusted Consolidated EBITDA are presented because we use these measures to evaluate performance of our business and believe them to be useful indicators of an entity’s debt capacity and its ability to service debt. EBITDA, Consolidated EBITDA and Adjusted Consolidated EBITDA are not recognized terms under GAAP and should not be considered in isolation or as alternatives to operating income, net income or cash flows from operating activities as indicators of our operating performance. These measures are not necessarily comparable to similarly titled measures by other companies. The following is a reconciliation of EBITDA, Consolidated EBITDA and Adjusted Consolidated EBITDA to net income. Note 4. Reconciliation of Net Income to Adjusted Net Income and Diluted Earnings Per Share Attributable to SS&C to Adjusted Diluted Earnings Per Share Attributable to SS&C Adjusted net income and adjusted diluted earnings per share attributable to SS&C represent net income and earnings per share attributable to SS&C before amortization of intangible assets and deferred financing costs, stock-based compensation, purchase accounting adjustments and other items. We consider adjusted net income and adjusted diluted earnings per share attributable to SS&C to be important to management and investors because they represent our operational performance exclusive of the effects of amortization of intangible assets and deferred financing costs, stock-based compensation, purchase accounting adjustments, loss on extinguishment of debt and other items, that are not operational in nature or comparable to those of our competitors. Adjusted net income and adjusted diluted earnings per share are not recognized terms under GAAP. Adjusted net income and adjusted diluted earnings per share do not represent net income or diluted earnings per share, as those terms are defined under GAAP, and should not be considered as alternatives to net income or diluted earnings per share as indicators of our operating performance. Adjusted net income and adjusted diluted earnings per share attributable to SS&C as presented herein are not necessarily comparable to similarly titled measures presented by other companies. Below is a reconciliation of adjusted net income and adjusted diluted earnings per share attributable to SS&C to net income and diluted earnings per share attributable to SS&C, the GAAP measures we believe to be most directly comparable to adjusted net income and adjusted diluted earnings per share. View source version on businesswire.com: https://www.businesswire.com/news/home/20260723323382/en/ Contacts For more information Brian SchellChief Financial OfficerTel: +1-816-642-0915E-mail: [email protected] Justine StoneHead of Investor RelationsTel: +1-212-367-4705E-mail: [email protected] Chand MadakaInvestor RelationsTel: +1-908-845-1259E-mail: [email protected]

Interested in SS&C Technologies Holdings, Inc.? Here are five stocks we like better. SS&C Technologies posted record second-quarter 2026 results, with adjusted revenue up 10.3% to $1.697 billion and adjusted EPS up 18% to $1.76, driven by strong renewals, organic growth and acquisitions. Share repurchases remained a top priority, as the company returned $499 million to shareholders in the quarter and bought back 6.4 million shares, the largest quarterly buyback in its history. Management raised full-year 2026 guidance, citing continued momentum in its technology and outsourcing businesses, while highlighting growth opportunities from acquisitions, healthcare platforms and AI initiatives. Progress Software: Making Progress Driven by the AI Revolution SS&C Technologies (NASDAQ:SSNC) reported record second-quarter results for 2026, with executives citing strong renewals, organic growth, acquisitions and continued demand for outsourcing and technology services across the company’s financial services and healthcare businesses. Chairman and Chief Executive Officer Bill Stone said the quarter set SS&C records for second-quarter revenue, adjusted EBITDA, earnings per share and share repurchases. Adjusted revenue rose 10.3% to $1.6969 billion, while adjusted diluted earnings per share increased 18% to $1.76. Adjusted consolidated EBITDA rose 12% to $670.7 million, with an adjusted consolidated EBITDA margin of 39.5%. → Could Truth API Become Trump Media’s First Meaningful Revenue Driver? “We continue to demonstrate success in an uncertain backdrop, underscoring the resilience of our diversified business model and the value clients place on our technology, expertise, and innovation,” Stone said. SS&C reported adjusted organic revenue growth of 7.6% in the quarter. Stone attributed the performance to the company’s largest businesses, new business wins, multi-year renewals and market and transaction tailwinds. → 3 Photonics Companies Making Quantum Tech Possible Chief Financial Officer Brian Schell said the adjusted revenue increase of $159 million was primarily driven by $118 million of organic growth, $36 million from acquisitions and about $5 million from foreign exchange. Core expenses increased 6.1%, excluding acquisitions and foreign exchange effects. During the question-and-answer session, Stone said the quarter benefited from a couple of large renewals, including technology license renewals that can create revenue timing effects under accounting rules. “As we get larger, we have more and more of these big clients with big renewals,” Stone said. “We did have a couple of big renewals in Q2, and that’s why organic revenue was up a couple hundred extra basis points.” → AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off President and Chief Operating Officer Rahul Kanwar said SS&C saw strong sales and renewal performance, as well as continued margin expansion. He said outsourcing, co-sourcing and lift-outs, combined with the company’s technology, continue to support revenue growth. Kanwar also pointed to momentum in SS&C’s front-, middle- and back-office technology business, including Geneva, and said several of the company’s largest pipeline opportunities are anchored by technology. SS&C returned $499 million to shareholders during the quarter, including 6.4 million shares repurchased for $435.2 million. Stone said that was the highest quarterly buyback in the company’s history. He added that diluted shares outstanding are down 4% over the past year, primarily due to the repurchase program. “Share repurchases remain our top capital allocation priority,” Stone said, noting that SS&C projects operating cash per share of $7.29 for the year. For the six months ended June 30, 2026, cash from operating activities was $716 million, up 11% year over year. Schell said SS&C ended the quarter with $435 million in cash and cash equivalents and $7.6 billion in gross debt. Net debt was $7.2 billion, and the company’s net leverage ratio was 2.75 times based on last-12-months consolidated EBITDA of $2.6 billion. Schell said the company is “actively exploring refinancing opportunities” for bonds maturing in 2027 as it looks to optimize its capital structure. Stone said the acquisitions completed at the end of 2025, Curo and Calastone, are both tracking ahead of expectations. He said Curo has expanded SS&C’s exposure in EMEA, while Calastone is expected to grow in the mid-teens in 2026 and has added 431 clients to its network. Stone said SS&C is investing through Calastone in digital investment market capabilities, including infrastructure for tokenized investment products. He said the company’s roadmap includes capabilities intended to allow digital investment transactions to settle using regulated forms of digital cash, including stablecoins and tokenized commercial bank deposits. In healthcare, Stone said the Medicare GLP-1 Bridge Program launched July 1 and that nearly 3 million claims had been processed using SS&C’s DomaniRx platform to support Humana. He described the program as a demonstration of the platform’s scale, reliability and flexibility. Kanwar said SS&C is deploying artificial intelligence across its products and operations and described AI as one driver of growth and margin expansion. He said the company’s approach is “governance first” and that tools are proven internally before being offered to customers. Kanwar cited the company’s WorkHQ platform, saying a global leader in risk reinsurance and capital selected it to scale agentic automation across its business. Stone said later in the call that SS&C’s AI strategy builds on its prior Blue Prism acquisition and emphasizes guardrails for clients in regulated industries. SS&C provided third-quarter revenue guidance of $1.657 billion to $1.697 billion, with 5% organic revenue growth at the midpoint. The company expects third-quarter adjusted net income of $413 million to $429 million and adjusted diluted EPS of $1.73 to $1.79. For the full year, Schell said SS&C increased its expectations. The company now expects: Revenue of $6.672 billion to $6.832 billion. Organic revenue growth of 5.5% at the midpoint. EBITDA growth of 9.3%. EBITDA margin expansion of 50 basis points, with a goal of reaching a 40% margin in the fourth quarter. Cash from operating activities of $1.717 billion to $1.817 billion. Adjusted net income of $1.67 billion to $1.77 billion. Adjusted diluted EPS of $6.93 to $7.25, representing about 15.5% growth at the midpoint. Schell said the company’s assumptions include short-term interest rates remaining at current levels, an adjusted effective tax rate of about 22.5%, capital expenditures of 4.4% to 4.8% of revenue and a stronger weighting toward share repurchases than debt reduction. Stone said SS&C’s pipeline remains “full of opportunities,” while cautioning that management would not get ahead of its guidance. “We believe our results speak to the strength of our business and consistency of our execution,” he said. “Our clients continue to invest in SS&C and expand their relationships with us.” SS&C Technologies is a global provider of software and services for the financial services industry, offering technology and outsourcing solutions that support investment managers, asset servicing firms, insurance companies, private equity and real estate managers, hedge funds, wealth managers and other financial institutions. The company's offerings span front-, middle- and back-office functionality, enabling clients to automate trading, portfolio accounting, reconciliation, performance measurement, risk and compliance, and client reporting. SS&C delivers its capabilities through a mix of licensed software, cloud-based SaaS platforms and managed services. 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 "SS&C Technologies Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.