Clarivate Plc Q2 2026 Results
Clarivate Plc (NYSE: CLVT) reported second‑quarter 2026 adjusted earnings per share of $0.19, beating the analyst consensus of $0.18 by $0.01. Revenue for the quarter was $587.3 million, falling short of the $589.76 million estimate and representing a 5.5 % decline from $621.4 million in the same quarter last year. The revenue shortfall was driven primarily by divestitures and disposals; organic revenues decreased 1.5 % as subscription growth of 0.7 % was more than offset by weaker transactional revenues.
For the full fiscal year 2026, Clarivate reaffirmed its outlook, projecting adjusted EPS in the range $0.70‑$0.80 (mid‑point $0.75) versus the consensus $0.73, and revenue between $2.3 billion and $2.42 billion (mid‑point $2.36 billion) versus the consensus $2.18 billion.
CEO Matti Shem Tov stated that the Value Creation Plan is delivering progress, citing expansion of organic recurring revenue, advancement of the AI innovation roadmap, and balance‑sheet strengthening through deleveraging during the quarter.
Adjusted EBITDA for Q2 was $247.2 million, down from $261.6 million a year earlier. The company generated $122.9 million of free cash flow in the first half of 2026 and reduced total debt by $218.4 million compared with the prior‑year period.
The earnings release prompted a pre‑market decline of approximately 3.75 % in Clarivate’s share price.
Separately, Clarivate announced that it has been selected to provide AI‑assisted image search capabilities for the United States Patent and Trademark Office and to modernize France’s national academic library system, highlighting continued interest in its AI‑driven data offerings.
Share‑price performance metrics show a 30‑day return of –4.23 %, a year‑to‑date decline of –37.04 %, and a one‑year total shareholder return of –52.11 %, indicating weakening investor sentiment despite the AI contract wins.