NASDAQ$IRBTQ
iRobot Corp. · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Reported stronger-than-expected second-quarter performance with revenue growth driven by premium robots and improved profitability.
iRobot reported Q2 2020 revenue of $279.9 million, an 8% increase year-over-year, driven by a 43% increase in premium robot revenue. GAAP EPS was $2.07, and non-GAAP EPS was $1.06. The company experienced growth in the U.S. and Japan, offsetting a decline in EMEA. They anticipate 2020 revenue will be relatively unchanged to slightly higher than 2019.
- Revenue increased by 8% year-over-year to $279.9 million, driven by 43% growth in premium robot revenue.
- GAAP operating income was $70.3 million, a significant increase from $5.3 million in Q2 2019.
- GAAP net income per share was $2.07, compared to $0.25 in the same quarter last year.
- The company's community of connected customers grew 13% sequentially to approximately 6.9 million.
Headline financials
Revenue & EPS history
iRobot · Revenue · Quarterly
$280M
Forward guidance
iRobot anticipates 2020 revenue will be relatively unchanged to slightly higher than 2019. They are focused on converting second-half top-line results and prudent spending into a solid operating profitability and EPS performance.
Tailwinds
- Relatively low inventory levels at retailers.
- Solid year-to-date sell-through momentum globally.
- Incrementally more optimistic about second-half revenue growth prospects.
- Focus on converting top-line results and prudent spending into solid profitability.
- Potential extension of tariff exclusion.
Headwinds
- Considerable macroeconomic uncertainty.
- Limited visibility into the timing and magnitude of second-half orders.
- Uncertainty regarding the extension of the tariff exclusion.
- Impact of COVID-19 on business and global economy.
- Potential impact of tariffs on goods imported into the United States.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 16 quarterly earnings reports
-2.8%
Avg return
Earnings day
-7.4%
Avg return
5 days after
-6.6%
Avg return
30 days after
37%
23 / 62 earnings
Positive
+26.4%
Q1 2024
Best reaction
-35.7%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | — | — | — | |
| Q3 2025 | +0.0% | -14.8% | +36.4% | |
| Q2 2025 | -7.1% | -19.0% | -23.3% | |
| Q1 2025 | -6.5% | -10.9% | +15.1% | |
| Q4 2024 | -35.7% | -40.2% | -67.3% | |
| Q3 2024 | -33.5% | -30.8% | -14.3% | |
| Q2 2024 | +1.4% | -20.5% | -33.4% | |
| Q1 2024 | +26.4% | +48.7% | +5.7% | |
| Q4 2023 | +1.3% | -3.7% | -26.2% | |
| Q3 2023 | -5.9% | -10.8% | +20.7% | |
| Q2 2023 | -0.5% | -3.5% | -4.8% | |
| Q1 2023 | -5.9% | -11.5% | +5.3% | |
| Q4 2022 | -0.3% | -0.7% | +5.8% | |
| Q3 2022 | -3.6% | -4.1% | -9.9% | |
| Q2 2022 | +19.3% | +19.2% | +18.1% | |
| Q1 2022 | +0.1% | -7.0% | -15.3% | |
| Q4 2021 | -10.8% | -8.2% | -18.2% | |
| Q3 2021 | +6.3% | — | — | |
| Q2 2021 | -2.5% | — | — | |
| Q1 2021 | -11.6% | — | — | |
| Q3 2020 | -8.6% | — | — | |
| Q2 2020 | -7.8% | — | — | |
| Q1 2020 | +5.6% | — | — | |
| Q4 2019 | +20.2% | — | — | |
| Q3 2019 | -12.0% | — | — | |
| Q2 2019 | -19.3% | — | — | |
| Q1 2019 | -22.0% | — | — | |
| Q4 2018 | +10.0% | — | — | |
| Q3 2018 | -11.3% | — | — | |
| Q2 2018 | +13.7% | — | — | |
| Q1 2018 | -4.8% | — | — | |
| Q4 2017 | -31.3% | — | — | |
| Q3 2017 | -13.0% | — | — | |
| Q2 2017 | +17.8% | — | — | |
| Q1 2017 | +15.5% | — | — | |
| Q4 2016 | -13.8% | — | — | |
| Q3 2016 | +9.9% | — | — | |
| Q2 2016 | +4.5% | — | — | |
| Q1 2016 | +9.1% | — | — | |
| Q4 2015 | -17.0% | — | — | |
| Q3 2015 | -5.1% | — | — | |
| Q2 2015 | -0.9% | — | — | |
| Q1 2015 | -6.3% | — | — | |
| Q4 2014 | -9.6% | — | — | |
| Q3 2014 | +17.6% | — | — | |
| Q2 2014 | -4.5% | — | — | |
| Q1 2014 | -8.7% | — | — | |
| Q4 2013 | +12.7% | — | — | |
| Q3 2013 | -3.4% | — | — | |
| Q2 2013 | -13.1% | — | — | |
| Q1 2013 | +14.9% | — | — | |
| Q4 2012 | -10.6% | — | — | |
| Q3 2012 | -19.3% | — | — | |
| Q2 2012 | +16.5% | — | — | |
| Q1 2012 | -5.0% | — | — | |
| Q4 2010 | -1.7% | — | — | |
| Q4 2011 | -1.7% | — | — | |
| Q3 2011 | +0.4% | — | — | |
| Q2 2011 | -15.1% | — | — | |
| Q1 2011 | -15.1% | — | — | |
| Q3 2010 | +1.0% | — | — | |
| Q2 2010 | +1.6% | — | — | |
| Q1 2010 | +4.7% | — | — |
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