Innodata Raises 2026 Revenue-Growth Forecast to at Least 42%
Innodata raised its 2026 revenue-growth forecast to at least 42% from at least 40%. It also cited five new hyperscaler programs projected to generate over $20 million in 2027 revenue, two programs valued at $47 million, and a $12 million fourth-quarter revenue gap following a program termination.
Innodata reported significant business updates, including securing five new hyperscaler programs projected to generate over $20 million in 2027 revenue and two new programs with a former small customer valued at $47 million. The company raised its full-year 2026 revenue-growth forecast to at least 42% from its previous guidance of at least 40%. Additionally, the company noted the launch of a motion-capture lab in September for robotics training and cited potential growth from a verbal federal contract win worth $5 million annually for five years, pending formal signing.
Despite these developments, management highlighted that two customers accounted for approximately 74% of third-quarter revenue, and the termination of a program in mid-October is expected to create a $12 million revenue gap in the fourth quarter.