SSNC Nasdaq Russell 1000 Earnings call
SS&C Technologies (SSNC) · Q2 2026 results and valuation
Share price: $79.44 · 2026-11-11
Results Q2 2026 vs Q1 2026 · previous quarter · published 23 Jul 2026 and 23 Apr 2026
Net income up 3.8% on the previous quarter, guidance raised. Management sounded cautious, in its script and in answers to analysts.
Only a basic analysis is available for this company at the moment.
1 · Numbers
+3.8%
Net income vs Q1 2026
Guidance raised
Net income 234.8M vs 226.1M
Revenue +3.0%
2 · How management spoke
Cautious
Among the least upbeat of all company calls
Answers to analysts: very upbeat, in line with the script.
Similar to last call.
3 · What stood out
Key theme
Strength in largest businesses, new wins, and multiyear renewals drove record results, while operating cash flow rose 11% to $716 million.
Valuation
Is SS&C Technologies undervalued?
Reverse DCF. Free cash flow from the last full fiscal year (2025-12-31), grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.
At 5.9% growth a year (3-year revenue growth), the model's fair value is $93.52 a share — the stock trades 15% below it. Today's price assumes 4.2% growth a year.
Current price
$79.44
close of 2026-11-11
Market implies growth of iThe yearly free-cash-flow growth, for the next 10 years, that today’s share price already assumes. If you believe the company grows faster than this, the stock is cheap under this model; slower, and it is expensive.
+4.2% for 10 yrs
Fair value / share
$93.52
Buy below
$70.14
Price vs fair value
Undervalued 15%
Price vs buy-below price
Overvalued 13%
Management expects
Revenue +5.5% · from the Q2 2026 report: “Full-year 2026 revenue guidance is now $6.672 billion to $6.832 billion, with 5.5% organic growth expected at the midpoint.”
A guidance figure for revenue, usually one year ahead, not a 10-year free-cash-flow rate.
Read between the lines
-
Guidance ↑
Full-year 2026 revenue guidance is now $6.672 billion to $6.832 billion, with 5.5% organic growth expected at the midpoint.
Source quote
“For the full year 2026, we increased our expectations to revenue to be in the range of $6.672 billion to $6.832 billion and 5.5% organic revenue growth at the midpoint.”
-
Guidance
Third-quarter 2026 revenue is expected between $1.657 billion and $1.697 billion, with 5% organic growth expected at the midpoint.
Source quote
“For the third quarter of '26, we expect revenue to be in the range of $1.657 billion to $1.697 billion and 5% organic revenue growth at the midpoint.”
Tone
How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q2 2026. Ring: Q1 2026.
Script and answers carried a similar tone, so the script's message held up under questioning.
Sentences that drove the tone
“Also note the diluted share count is down to 242 million from 252.2 million year-over-year, primarily due to the size and continued impact of share repurchases and to a lesser...”
“And this past month, the redemption index was at 1.35%, which is about the lowest we've had in the history of having this thing, and we've done it since, I...”
“In one example we announced this morning, a global leader in risk, reinsurance and capital chose our WorkHQ platform to scale Agentic automation across its business.”
Full figures
USD · SEC EDGAR XBRL (10-Q, period end 2026-06-30)
| Metric | Q2 2026period end 2026-06-30 | Q1 2026period end 2026-03-31 | Change | Q2 2025 | YoY |
|---|---|---|---|---|---|
| Revenue | 1.70B | 1.65B | +3.0% | 1.54B | +10.3% |
| Gross profit | 818.3M | 801.8M | +2.1% | 736.9M | +11.0% |
| Operating income | 417.1M | 398.2M | +4.7% | 344.5M | +21.1% |
| Net income | 234.8M | 226.1M | +3.8% | 180.8M | +29.9% |
| EPS | 0.97 | 0.91 | +6.6% | 0.72 | +34.7% |
| P/E today 22.7 | 17.8 | 21.0 | −3.2 | 26.1 | −8.3 |
Topics
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Faded since Q1 2026
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Latest announcements
Official filings, newest first.
- Results of operations · SEC 8-K
- Director or officer change; Shareholder vote results; Other events · SEC 8-K
- Results of operations · SEC 8-K
- Results of operations · SEC 8-K
- Results of operations · SEC 8-K
- Material agreement; Acquisition or disposal; New financial obligation; Regulation FD disclosure · SEC 8-K
- Results of operations · SEC 8-K
- Other events · SEC 8-K