Innodata's stock soared 27.91% in extended trading following the release of its first-quarter 2026 financial results, which significantly exceeded analyst expectations.

The data engineering company reported quarterly earnings of $0.42 per share, beating the consensus estimate of $0.08 by 425%. Revenue climbed 54% year-over-year to $90.1 million, surpassing the $76.5 million estimate. The company also raised its full-year 2026 revenue growth guidance to approximately 40% or more, up from previous guidance of about 35%.

Key drivers for the positive results include new and expanded engagements with Big Tech clients, with a new $51 million program expected to contribute to 2026 revenue. The company highlighted improved customer diversification, with revenue from other Big Tech customers growing 453% year-over-year, reducing reliance on a single client.