Taskus Inc

NASDAQ:TASK

Revenue beat: TaskUs reported Q2 revenue of $308.9 million, beating the top end of guidance by $10.9 million, or 3.6%, helped by stronger-than-expected AI Services and Digital Customer Experience volumes.

Outlook raised: Management lifted full-year 2026 revenue guidance to $1.22 billion to $1.24 billion and increased adjusted free cash flow guidance to $110 million to $120 million.

AI momentum: AI Services remained the fastest-growing line at 26% growth, and management said it should reaccelerate to above 30% growth in Q4.

Largest client headwind: Revenue from the largest client fell about 22% year over year, and management expects more pressure in the second half of 2026 from automation and cost optimization.

DCX resilience: Digital Customer Experience grew 6.4% and management said it should stay in the mid- to high single digits for 2026, with growth likely to accelerate in the back half.

Cash and margins: Adjusted EBITDA margin came in at 18.7%, above guidance, and adjusted free cash flow was $36.4 million in the quarter, supporting a cash balance of $180.3 million and net leverage below 1.3x.