McLaughlin Kyle sold $200K of YOU

DA Davidson reduced its price target for Clear Secure (NYSE:YOU) to $45 from $55, citing weaker TSA checkpoint data. The stock trades at $42.58. TSA traffic declined 4.4% year-over-year in August, with Q3-to-date volumes down 2.8%. Despite this, Clear Secure reported strong Q2 earnings, exceeding estimates with $0.49 EPS and $277.8M revenue. JPMorgan initiated coverage with an overweight rating and $55 target.

Clear Secure (YOU) reported Q2 revenue of $277.8M, up 26.6% YoY, with bookings up 32.8%. Operating income reached $83M, a 29.9% margin. The company raised its full-year free cash flow target to at least $480M. However, Q3 guidance suggests slower growth, with revenue and bookings growth expected to decelerate to 24.6% and 20.5%, respectively. Hedge fund ownership and share repurchases have declined, while short interest stands at 15.62% of the float.

Clear Secure (YOU) held its Q2 2026 earnings call, citing a 36.4% adjusted EBITDA margin and $189 million free cash flow, up 60% year over year. Revenue rose 26.6% to $277.8 million, and bookings grew 32.8% to $295.9 million. The company said CLEAR Travel network expanded to 62 airports, with 8.3 million active CLEAR+ members, and it raised standard pricing to $219 effective July 1.

CLEAR Secure reported Q2 operating income of $83M and adjusted EBITDA of $101.1M, with about 900 bps adjusted EBITDA margin expansion. eGates covered over 70% of its network at quarter-end. CLEAR raised standard membership pricing to $219 from July 1. Q3 revenue guidance is $284M to $287M, bookings $311M to $316M, and FY2026 free cash flow at least $480M.

Clear Secure, Inc. reported Q2 2026 results highlighted by 33% higher bookings and record free cash flow, with adjusted EBITDA margin of 36.4%. Full-year 2026 free cash flow guidance was raised to at least $480 million. Management cited a July 1 price increase to $219, eGates coverage over 70%, and a $315 million partnership liability settlement in Q3.

Clear said it completed biometric eGate launches at 50 airports and expects to finish rolling out across its network this year. The company reported Q2 fiscal 2026 revenue of $277.8 million, up 26.6% year over year, with net earnings of $72.3 million, or $0.50 per share. Clear also raised full-year free cash flow guidance, with total and active memberships increasing.