TaskUs (NASDAQ:TASK) Releases Quarterly Earnings Results, Beats Estimates By $0.05 EPS

TaskUs (NASDAQ:TASK) announced its quarterly earnings data on Wednesday. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.05, FiscalAI reports. TaskUs had a net margin of 8.70% and a return on equity of 24.93%. The business had revenue of $308.86 million for the quarter, compared to analyst estimates of $297.58 million.

Here are the key takeaways from TaskUs’ conference call:

• Raised 2026 outlook: TaskUs increased its full-year revenue guidance to $1.22 billion–$1.24 billion and expects approximately 19% adjusted EBITDA margins. Adjusted free cash flow guidance was also raised to $110 million–$120 million.
• Second-quarter revenue rose 5% year over year to $308.9 million, exceeding the high end of guidance, while adjusted EBITDA reached $57.7 million, or an 18.7% margin. Excluding the largest client, revenue grew approximately 15%, led by roughly 30% growth from the second- through 20th-largest client cohort.
• AI Services and Digital Customer Experience remained growth engines: AI Services revenue increased 25.8% to $66.1 million, with growth expected to reaccelerate above 30% in the fourth quarter, while DCX revenue rose 6.4% to $175.7 million.
• Revenue from the largest client declined approximately 22% year over year, and management expects further automation- and cost-optimization-related pressure through the remainder of 2026. Trust & Safety revenue also fell 12.3%, primarily due to declining social-media workloads, although stabilization is anticipated in 2027.
• Management expects third-quarter revenue of $300 million–$302 million and adjusted EBITDA margins of approximately 18.7%; continued wage inflation, U.S. delivery mix, pricing pressure, and investments in AI and growth initiatives are expected to offset efficiency gains.

TaskUs Stock Down 3.4%

TaskUs stock traded down $0.22 during trading on Wednesday, reaching $6.32. 453,595 shares of the company’s stock were exchanged, compared to its average volume of 637,636. TaskUs has a 52-week low of $4.47 and a 52-week high of $18.39. The firm has a market cap of $578.79 million, a price-to-earnings ratio of 5.54 and a beta of 1.87. The company has a debt-to-equity ratio of 1.73, a quick ratio of 2.75 and a current ratio of 2.75. The company’s 50-day moving average is $5.57 and its two-hundred day moving average is $7.64.

Institutional Trading of TaskUs

A number of hedge funds have recently made changes to their positions in the company. New York State Common Retirement Fund acquired a new stake in TaskUs during the 2nd quarter valued at $67,000. State of Wyoming acquired a new stake in shares of TaskUs during the fourth quarter valued at about $59,000. Kestra Advisory Services LLC purchased a new stake in shares of TaskUs during the fourth quarter worth about $87,000. PenderFund Capital Management Ltd. acquired a new position in shares of TaskUs in the third quarter worth about $157,000. Finally, Skandinaviska Enskilda Banken AB publ purchased a new position in TaskUs in the fourth quarter valued at about $118,000. Hedge funds and other institutional investors own 44.64% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Wedbush cut their price target on shares of TaskUs from $14.00 to $12.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. The Goldman Sachs Group lowered their price objective on shares of TaskUs from $10.00 to $7.00 and set a “sell” rating for the company in a research note on Thursday, May 7th. Wall Street Zen lowered TaskUs from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. Weiss Ratings reiterated a “sell (d+)” rating on shares of TaskUs in a report on Tuesday, July 14th. Finally, Morgan Stanley set a $6.00 price target on TaskUs in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $11.20.

About TaskUs

TaskUs, Inc is a leading provider of outsourced digital customer experience and business process solutions, specializing in high-touch services for technology and digital-native companies. The firm delivers a range of offerings including customer care, content moderation, trust and safety monitoring, back-office processing and AI operations support. By combining technology-driven platforms with human-centric workflows, TaskUs helps clients optimize operational efficiency and maintain brand integrity across digital channels.

The company was founded in 2008 by Jaspar Weir and Bryce Maddock with the goal of reimagining traditional outsourcing through a focus on culture, technology and innovation.