ServiceTitan (NASDAQ: TTAN) shares surged 12.57% in after-hours trading following the release of its fiscal second quarter 2026 financial results, which significantly exceeded analyst expectations. The software platform provider for trades businesses also announced raised full-year guidance and a strategic partnership with Roto-Rooter, North America's largest provider of plumbing and water cleanup services.

The company reported non-GAAP earnings of $0.33 per share for Q2, handily beating the analyst consensus estimate of $0.18. Revenue for the quarter came in at $242.1 million, up 25% year-over-year and surpassing the Street forecast of $229.51 million. ServiceTitan's strong performance was further bolstered by its improved profitability metrics, with non-GAAP income from operations rising to $29.2 million, up from $13.5 million in the same quarter last year.

Adding to investor enthusiasm, ServiceTitan raised its full-year revenue guidance to a range of $935 million to $940 million, up from the previous analyst consensus of $917.1 million. The company also announced a strategic partnership with Roto-Rooter, which aims to equip Roto-Rooter's vast network of company-owned branches throughout the U.S. with ServiceTitan's technology, potentially driving further growth and market expansion.

Following the strong results and positive outlook, several analysts raised their price targets for ServiceTitan. Morgan Stanley increased its target to $118.00 from $109.00, while TD Cowen and Piper Sandler raised their targets to $150 and $155, respectively. The combination of better-than-expected financial results, raised guidance, and a significant new partnership, along with positive analyst sentiment, appears to have sparked investor enthusiasm, leading to the substantial after-hours stock price increase.