Magnite (NASDAQ:MGNI – Get Free Report) will likely be announcing its Q2 2026 results after the market closes on Wednesday, August 5th. Analysts expect the company to post earnings of $0.2484 per share and revenue of $179.1610 million for the quarter. Parties may visit the the company’s upcoming Q2 2026 earning summary page for the latest details on the call scheduled for Wednesday, August 5, 2026 at 4:30 PM ET.
Magnite (NASDAQ:MGNI – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The firm had revenue of $164.37 million for the quarter, compared to analysts’ expectations of $159.24 million. Magnite had a return on equity of 8.40% and a net margin of 21.96%.The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.12 EPS. On average, analysts expect Magnite to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Magnite Stock Performance
Magnite stock opened at $19.30 on Monday. The firm has a 50 day moving average of $17.86 and a 200 day moving average of $14.69. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of 18.56, a P/E/G ratio of 0.98 and a beta of 2.25. Magnite has a 12-month low of $10.82 and a 12-month high of $26.65. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.38.
Analyst Ratings Changes
Check Out Our Latest Research Report on MGNI
Insider Activity at Magnite
In other Magnite news, Director David T. Pearson sold 10,766 shares of Magnite stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $15.65, for a total value of $168,487.90. Following the sale, the director directly owned 79,001 shares in the company, valued at approximately $1,236,365.65. The trade was a 11.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Sean Patrick Buckley sold 19,233 shares of the business’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $19.00, for a total transaction of $365,427.00. Following the completion of the sale, the insider owned 373,514 shares in the company, valued at approximately $7,096,766. The trade was a 4.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 491,639 shares of company stock valued at $8,676,734 in the last ninety days. Corporate insiders own 3.20% of the company’s stock.
Institutional Investors Weigh In On Magnite
Hedge funds have recently made changes to their positions in the company. US Bancorp DE boosted its stake in Magnite by 75.8% during the third quarter. US Bancorp DE now owns 1,596 shares of the company’s stock valued at $35,000 after buying an additional 688 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Magnite by 45.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,428 shares of the company’s stock worth $53,000 after acquiring an additional 755 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in Magnite by 98.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,678 shares of the company’s stock worth $61,000 after acquiring an additional 1,824 shares during the last quarter. State of Wyoming raised its holdings in shares of Magnite by 159.3% during the 4th quarter. State of Wyoming now owns 4,600 shares of the company’s stock worth $75,000 after acquiring an additional 2,826 shares in the last quarter. Finally, Johnson Financial Group Inc. purchased a new stake in shares of Magnite during the 3rd quarter worth approximately $83,000. 73.40% of the stock is currently owned by hedge funds and other institutional investors.
Magnite Company Profile
Magnite, Inc (NASDAQ: MGNI) operates as an independent sell-side advertising platform that enables publishers and digital media owners to monetize their inventory through programmatic advertising. Formed in 2020 through the merger of Rubicon Project and Telaria, Magnite combines technologies for desktop, mobile, connected television (CTV) and digital out-of-home (DOOH) ad exchanges. The company provides an end-to-end solution designed to help media owners optimize yield across open marketplaces, private marketplaces and programmatic guaranteed deals.
At the core of Magnite’s offering is its supply-side platform (SSP), which connects publishers’ ad impressions to demand-side platforms (DSPs) through real-time bidding (RTB).
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