Intapp Reports Strong Q2 Results but Shares Drop 25%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4d ago
0mins
Should l Buy INTA?
Source: seekingalpha
- Strong Performance: Intapp's fiscal second quarter non-GAAP EPS surged 57% year-over-year to $0.33, with revenue climbing 16% to $140.2 million, both exceeding market expectations and reflecting the company's robust performance in legal, accounting, and financial services.
- Cloud Revenue Growth: SaaS revenue grew 28% year-over-year to $102.5 million, while cloud annual recurring revenue (ARR) reached $433.6 million, a 31% increase, indicating the company's ongoing expansion in the cloud services market and strong client demand.
- Stock Buyback Program: The company repurchased 3.4 million shares for approximately $150.1 million in the six months ended December 31, 2025, and approved a new stock repurchase program of up to $200 million on January 29, aimed at enhancing shareholder value.
- Outlook: Intapp expects total revenue for the third quarter to be between $143.8 million and $144.8 million, with SaaS revenue projected between $105 million and $106 million, and non-GAAP EPS anticipated in the range of $0.27 to $0.29, demonstrating confidence in future performance despite a lukewarm market reaction.
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Analyst Views on INTA
Wall Street analysts forecast INTA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for INTA is 57.88 USD with a low forecast of 42.00 USD and a high forecast of 76.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
5 Buy
3 Hold
1 Sell
Moderate Buy
Current: 23.770
Low
42.00
Averages
57.88
High
76.00
Current: 23.770
Low
42.00
Averages
57.88
High
76.00
About INTA
Intapp, Inc. is a global provider of artificial intelligence (AI)-powered solutions for professionals at advisory, capital markets, and legal firms. The Company empowers the world’s accounting, consulting, investment banking, legal, private capital and real asset firms with the technology they need to operate more competitively and deliver timely insights to their professionals. Using the power of Applied AI, its purpose-built vertical software as service (SaaS) solutions accelerates the flow of information firmwide, activate expertise, empower teams, strengthen client relationships, manage risk, and help firms adapt more quickly in a highly complex ecosystem. Its Intapp Intelligent Cloud is purpose-built to modernize these firms. Its products and solutions include Intapp DealCloud, Intapp Compliance solutions, Intapp Time solutions, Intapp Collaboration solutions, Intapp Integration solutions, and Intapp Assist. Intapp DealCloud serves partners and professionals in all of its markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Cloud Revenue Growth: SaaS revenue grew 28% year-over-year to $102.5 million, while cloud annual recurring revenue (ARR) reached $433.6 million, a 31% increase, indicating the company's ongoing expansion in the cloud services market and strong client demand.
- Stock Buyback Program: The company repurchased 3.4 million shares for approximately $150.1 million in the six months ended December 31, 2025, and approved a new stock repurchase program of up to $200 million on January 29, aimed at enhancing shareholder value.
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- Cloud Revenue Growth: SaaS revenue grew 28% year-over-year to $102.5 million, while cloud annual recurring revenue (ARR) reached $433.6 million, a 31% increase, indicating the company's ongoing expansion in the cloud services market and strong client demand.
- Stock Buyback Program: The company repurchased 3.4 million shares for approximately $150.1 million in the six months ended December 31, 2025, and approved a new stock repurchase program of up to $200 million on January 29, aimed at enhancing shareholder value.
- Outlook: Intapp expects total revenue for the third quarter to be between $143.8 million and $144.8 million, with SaaS revenue projected between $105 million and $106 million, and non-GAAP EPS anticipated in the range of $0.27 to $0.29, demonstrating confidence in future performance despite a lukewarm market reaction.
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- Significant Revenue Growth: The quarterly revenue reached $12.68 billion, exceeding the market estimate of $10.22 billion and representing a 123.76% increase from $5.68 billion in the same period last year, showcasing the company's strong market performance and growth potential.
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- AI Capabilities Driving Product Innovation: The release of Intapp Time with AI features, along with over 70 new AI capabilities, has catalyzed client cloud migrations, demonstrating the company's strategic commitment to increasing AI adoption in highly regulated industries.
- Strategic Partner Expansion: Intapp's collaboration with Microsoft and over 145 curated data technology and services partners continues to deepen, with partners involved in 7 of the 10 largest deals, showcasing the strength and market influence of its partner ecosystem.
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