Viant Technology (NASDAQ:DSP) Issues Quarterly Earnings Results

Posted by Francis Steltz on Aug 11th, 2026

Viant Technology (NASDAQ:DSP – Get Free Report) posted its quarterly earnings results on Monday. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.09, FiscalAI reports. Viant Technology had a return on equity of 2.40% and a net margin of 2.51%.The company had revenue of $104.25 million for the quarter, compared to analysts’ expectations of $59.65 million.

Here are the key takeaways from Viant Technology’s conference call:

Q2 results exceeded guidance, with revenue up 34% year over year to $104.3 million, contribution ex-TAC up 24% to $60.2 million, and adjusted EBITDA up 26% to $14.2 million.
CTV spend increased nearly 50% and represented more than half of platform spend, while Direct Access penetration rose to over 80% of CTV spend from just over 50% in Q1; Viant said the solution reduces CPMs by about 35%.
Viant reported early traction from its TVision acquisition and ViantAI platform. More than 80% of 42 TVision pilot campaigns outperformed benchmarks, while the autonomous Outcomes product accounted for 5% of total ad spend year to date.
Management cited its largest-ever new-business pipeline, with major enterprise RFP opportunities expected to provide some benefit in Q4 and a larger impact in 2027, while existing customers continue expanding their spending.
Viant guided to another record quarter in Q3, forecasting revenue of $107.5 million to $110.5 million, contribution ex-TAC of $65 million to $67 million, and adjusted EBITDA of $18.5 million to $19.5 million. The company ended Q2 with $193.1 million in cash, no debt, and continued share repurchase capacity.

Viant Technology Trading Down 9.3%

NASDAQ DSP traded down $1.31 during trading on Tuesday, reaching $12.78. 232,942 shares of the company’s stock were exchanged, compared to its average volume of 242,711. Viant Technology has a fifty-two week low of $8.11 and a fifty-two week high of $14.80. The firm has a market capitalization of $837.47 million, a PE ratio of 35.50 and a beta of 1.08. The company’s fifty day simple moving average is $12.05 and its 200-day simple moving average is $11.33.

Insider Activity

In other news, CFO Larry Madden sold 25,376 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $11.10, for a total value of $281,673.60. Following the transaction, the chief financial officer owned 459,155 shares in the company, valued at $5,096,620.50. This represents a 5.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Capital V. Llc sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $10.89, for a total transaction of $163,350.00. Following the sale, the insider owned 22,500 shares of the company’s stock, valued at approximately $245,025. This represents a 40.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 167,853 shares of company stock worth $1,947,895 in the last 90 days. Company insiders own 29.43% of the company’s stock.

Hedge Funds Weigh In On Viant Technology

Several institutional investors and hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. increased its stake in shares of Viant Technology by 86.9% in the fourth quarter. Russell Investments Group Ltd. now owns 2,641 shares of the company’s stock worth $32,000 after acquiring an additional 1,228 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in Viant Technology by 620.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,883 shares of the company’s stock valued at $35,000 after purchasing an additional 2,483 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Viant Technology by 433.7% in the third quarter. BNP Paribas Financial Markets now owns 7,942 shares of the company’s stock valued at $69,000 after purchasing an additional 6,454 shares in the last quarter. Franklin Resources Inc. acquired a new position in Viant Technology in the 3rd quarter worth about $100,000. Finally, MetLife Investment Management LLC acquired a new position in Viant Technology in the 4th quarter worth about $105,000. 11.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DSP. Rosenblatt Securities lifted their target price on Viant Technology from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday. Citizens Jmp increased their price target on Viant Technology from $16.00 to $17.00 and gave the company a “market outperform” rating in a research report on Tuesday. Citigroup reissued a “market outperform” rating on shares of Viant Technology in a research note on Tuesday. DA Davidson boosted their price objective on Viant Technology from $16.00 to $16.50 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Finally, Wall Street Zen lowered shares of Viant Technology from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Viant Technology currently has an average rating of “Buy” and a consensus price target of $18.71.

View Our Latest Stock Analysis on Viant Technology

Key Headlines Impacting Viant Technology

Here are the key news stories impacting Viant Technology this week:

Positive Sentiment: Rosenblatt raised its price target to $24 from $20 and assigned a “Buy” rating. The new target implies approximately 70% upside from the referenced share price, signaling increased confidence in Viant’s growth prospects. Benzinga article
Positive Sentiment: Viant delivered a strong Q2 performance. Earnings were $0.12 per share, up from $0.09 a year earlier, while revenue reached $104.25 million versus the reported analyst consensus of $59.65 million. Management said results exceeded the high end of its guidance range for both revenue and profitability, citing accelerated growth and AI-powered programmatic advertising demand. Viant Q2 2026 financial results
Positive Sentiment: The earnings release and conference call highlighted Viant’s record quarterly performance and its expectation for a new phase of growth, factors that can support investor optimism about future revenue and earnings. Q2 2026 earnings call transcript
Neutral Sentiment: Viant appointed Craig Abrahams to its board of directors. The addition may provide financial and strategic expertise, but no immediate earnings impact was disclosed. Board appointment article
Negative Sentiment: Third-quarter revenue guidance of $107.5 million to $110.5 million brackets the $110 million consensus estimate but places the midpoint slightly below expectations, limiting some of the positive impact from the quarterly beat. One data provider also characterized Q2 EPS of $0.12 as narrowly below its $0.13 estimate. Zacks earnings estimate article

About Viant Technology

(Get Free Report)

Viant Technology Inc (Nasdaq: DSP) is a software-as-a-service (SaaS) advertising technology company that delivers data-driven solutions to marketers and agencies. Its core offering, Adelphic, is a programmatic demand-side platform (DSP) that empowers clients to plan, execute and optimize digital ad campaigns across desktop, mobile, connected TV and other emerging channels.

Complementing its DSP, Viant offers PeopleCloud, a people-based data management platform (DMP) that aggregates and normalizes first- and third-party audience data.