On June 5, ServiceTitan rose 7.88% in regular trading, trading at $78.725/share, with trading volume of $192 million. The rally was driven by the company's fiscal Q1 results that comprehensively exceeded market expectations.
ServiceTitan reported Q1 revenue of $268.8 million, up 25% year-over-year and surpassing the consensus estimate of $256.7 million. Non-GAAP EPS came in at $0.37, beating the analyst estimate of $0.27 by 37%. Adjusted operating income reached $40.8 million, more than doubling from $16.2 million a year earlier, with adjusted operating margin expanding from 7.5% to 15.2%. Net retention rate remained above 110%.
The company also issued strong forward guidance, projecting Q2 revenue of $284 million to $286 million, with the midpoint above consensus. Full-year fiscal 2027 revenue guidance was raised to $1.13 billion to $1.14 billion, exceeding FactSet's estimate of $1.12 billion. Truist Securities raised its price target from $100 to $110 while maintaining a buy rating, and Morgan Stanley noted the raised outlook reflects durable growth momentum.
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