Intapp, Inc. (INTA) shares plummeted 24.87% during Wednesday's pre-market session, marking a significant decline for the provider of AI-powered platforms for professional services firms.

The sharp drop followed the company's release of its second-quarter fiscal 2026 financial results, which revealed a GAAP earnings miss and forward guidance that fell short of market expectations. Intapp reported a quarterly GAAP net loss, and its outlook for both the third quarter and full fiscal year was viewed as cautious by investors.

In reaction to the earnings report, several Wall Street analysts revised their price targets downward, contributing to the negative sentiment. The combination of disappointing results and tempered future expectations triggered the substantial sell-off in pre-market trading.