Shares of John Wiley & Sons Inc. (WLY) surged 9.85% at the market open on Thursday, following the release of the company's third-quarter fiscal 2026 financial results.

The significant intraday gain was driven by a robust earnings report that exceeded analyst expectations. The company reported adjusted earnings per share of $0.97, a 19% increase year-over-year and beating the consensus estimate of $0.86. Quarterly revenue of $410 million also surpassed the $391 million forecast.

Management highlighted strong AI momentum, material margin expansion, and cash flow growth during the quarter. Furthermore, Wiley provided an optimistic outlook, guiding toward the high end of its fiscal 2026 adjusted EPS range of $3.90 to $4.35 and reaffirming its revenue and free cash flow projections. This combination of a significant earnings beat and positive forward guidance fueled substantial investor optimism as trading began.