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Israel's Cellebrite Q3 revenue beats on strong international demand

By Reuters News


Overview

  • Israel digital intelligence firm's Q3 revenue rose 18% yr/yr, beating analyst expectations

  • Adjusted EBITDA for Q3 beat analyst estimates

  • Q3 net income missed analyst expectations


Outlook

  • Cellebrite sees Q4 revenue of $145 mln to $150 mln

  • Company expects full-year 2026 revenue of $553 mln to $558 mln

  • Cellebrite raises full-year 2026 adjusted EBITDA outlook to $163 mln to $166 mln


Result Drivers

  • INTERNATIONAL AND FEDERAL GROWTH - Co said topline expansion was driven by strong international performance and accelerated growth in U.S. Federal business

  • GENESIS AI SOLUTION - Genesis, the company's new AI-powered solution, gained meaningful traction in its first full quarter

  • PRODUCT INNOVATION - Co cited new and enhanced AI capabilities, expanded access for mobile phones and drones, and the launch of a new mobile forensics field kit as recent product highlights


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$149.02 mln

$145.92 mln (8 Analysts)

Q3 Net Income

Miss

$26.66 mln

$39.73 mln (4 Analysts)

Q3 Adjusted EBITDA

Beat

$53.63 mln

$43.34 mln (7 Analysts)

Q3 Gross Margin

81.20%


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the software peer group is "buy"

  • Wall Street's median 12-month price target for Cellebrite DI Ltd is $15.00, about 18.1% above its November 11 closing price of $12.70

  • The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 24 three months ago


Reuters Recommended Reads

  • Nov 12 - Israel's Allot Q3 revenue rises 16%, beats estimates on cybersecurity demand

  • Nov 9 - Israel's Monday.com Q3 revenue rises 19%

  • Nov 10 - Israeli AI security startup Bay raises $50 million


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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