NASDAQ$CFLT
Confluent Inc. · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Confluent's second quarter results for 2023 showed strong growth in revenue and customer base.
Confluent announced strong second quarter results with revenue of $189 million, up 36% year over year. Confluent Cloud revenue grew 78% year over year. The company also increased its customer base with 1,144 customers having $100,000 or greater in ARR, a 33% increase year over year.
- Total revenue reached $189 million, a 36% increase year-over-year.
- Confluent Cloud revenue grew by 78% year-over-year, reaching $84 million.
- Remaining performance obligations increased by 34% year-over-year to $791 million.
- The company has 1,144 customers with $100,000 or greater in ARR, a 33% increase year-over-year.
Headline financials
Revenue & EPS history
Confluent · Revenue · Quarterly
$189M
Revenue by segment
Confluent · $189M total across 2 segments · Q2 2023
- Subscription Revenue$176M+38.9%93.2%
- Services Revenue$12.8M+3.3%6.8%
Forward guidance
For the third quarter of 2023, Confluent expects total revenue between $193.5 million and $195.5 million and a non-GAAP operating margin of approximately -10%.
Tailwinds
- Total Revenue: $193.5-$195.5 million
- Non-GAAP Operating Margin: ~ (10%)
- Non-GAAP Net Income (Loss) Per Share: $(0.01)-$0.00
- FY 2023 Total Revenue: $767-$772 million
- FY 2023 Non-GAAP Net Income (Loss) Per Share: $(0.05)-$(0.02)
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 17 quarterly earnings reports · overlaid with Q2 2023
-0.2%
Avg return
Earnings day
-1.1%
Avg return
5 days after
+1.4%
Avg return
30 days after
60%
12 / 20 earnings
Positive
+38.7%
Q4 2023
Best reaction
-43.7%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | — | — | — | |
| Q4 2025 | +0.1% | +0.6% | +0.6% | |
| Q3 2025 | +7.8% | +6.2% | -1.0% | |
| Q2 2025 | -32.8% | -35.0% | -24.8% | |
| Q1 2025 | -18.4% | -17.1% | -3.3% | |
| Q4 2024 | +25.1% | +15.8% | -12.4% | |
| Q3 2024 | +13.6% | +15.6% | +33.9% | |
| Q2 2024 | -15.1% | -23.1% | -12.6% | |
| Q1 2024 | +9.6% | +2.8% | -9.4% | |
| Q4 2023 | +38.7% | +34.2% | +38.7% | |
| Q3 2023 | -43.7% | -39.0% | -21.0% | |
| Q2 2023 | +8.6% | +3.9% | +0.2% | |
| Q1 2023 | +13.2% | +10.6% | +68.6% | |
| Q4 2022 | -1.7% | +0.8% | +5.7% | |
| Q3 2022 | -12.2% | -19.8% | -12.1% | |
| Q2 2022 | +20.5% | +25.0% | -7.9% | |
| Q1 2022 | -29.1% | -41.0% | -35.2% | |
| Q4 2021 | -23.7% | -23.2% | -58.5% | |
| Q3 2021 | +22.3% | +17.5% | -5.1% | |
| Q4 2020 | +6.9% | +21.6% | +42.2% | |
| Q2 2021 | +6.9% | +21.6% | +42.2% | |
| Q1 2021 | — | — | — | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro