PHUN Overview

Quarterly Performance: Phunware reported a quarterly loss of $0.12 per share, better than the expected loss of $0.14, and showed an earnings surprise of +14.29%. Revenue for the quarter was $0.62 million, exceeding estimates by 16.70%.

Stock Outlook: Despite underperforming the market with a 54.6% decline this year, Phunware holds a Zacks Rank #3 (Hold), indicating expected performance in line with the market. Future stock movements will depend on earnings estimate revisions.

Industry Context: The Internet - Software industry, where Phunware operates, is currently ranked in the top 35% of Zacks industries, suggesting a favorable environment for stocks in this sector.

Comparative Analysis: DocuSign, another company in the same industry, is expected to report earnings of $0.92 per share, reflecting a year-over-year increase, with revenues projected at $806.13 million, indicating positive growth trends in the sector.

Rigetti Computing Stock Performance: Rigetti Computing, Inc. (RGTI) shares rose 9.8% to $39.6, driven by investor optimism in quantum computing and potential U.S. government equity stakes in leading firms, enhancing Rigetti's market position.

Earnings Expectations: The company is projected to report a quarterly loss of $0.05 per share, with revenues expected to reach $2.39 million, reflecting a slight year-over-year increase.

Earnings Estimate Trends: The consensus EPS estimate for Rigetti has remained stable over the past month, indicating that stock price movements may be influenced by future earnings estimate revisions.

Phunware Overview: Phunware (PHUN) also saw a stock increase of 3.8%, with a consensus EPS estimate change of +2.1% for its upcoming report, while the semiconductor market is anticipated to grow significantly, benefiting companies like Phunware.

Revenue Performance: Phunware reported a significant decline in Q2 2025 revenue, falling to $0.455 million and missing analyst expectations by 44.9%, while gross margin improved to 43.9% due to recurring software revenue.

Strategic Focus: The company is investing in AI product innovations and expanding its customer base, with new bookings coming from new clients, although existing customer churn remains a challenge; no forward-looking financial guidance was provided.