$HUBS

A Markets Brief says software stocks have rebounded, citing Morningstar’s Dan Romanoff that the “AI kills software” narrative is fading as companies improve efficiencies, monetize AI offerings, and focus on profitability. It highlights examples including Atlassian, HubSpot, and Figma. It also previews retailer earnings starting with Home Depot, Lowe’s, Target, TJX, and Walmart, and discusses Bank of America’s view that AI investment is inflationary near term via July CPI core goods.

HubSpot reported Q2 2026 revenue of $911.7M, up 20% year over year, with subscription revenue of $894.0M. Non-GAAP operating margin was 20.3% and non-GAAP free cash flow $167.9M. Net customer additions were 7,000 and total customers 306,446. FY2026 guidance: revenue $3.678B to $3.686B and non-GAAP EPS $13.23 to $13.31.

HubSpot, Inc. (NYSE:HUBS) director Gerald Dischler bought 925 shares on Aug. 10, 2026 for about $200,000, raising his direct holdings to 1,940 shares. The purchase followed a 52% stock decline over 12 months. HubSpot reported Q2 revenue of $911.7 million (+20% YoY) and net income of $43.3 million, but Q3 guidance implied slower growth.

Dischler Gerald purchased 925 shares of HUBSPOT INC (HUBS) at $215.93 ($0.20M total) on 2026-08-10.

A Wall Street analyst roundup cites multiple rating changes ahead of next week’s CPI and PPI. Baird cut Trade Desk (TTD) to Neutral, target $9 from $27. Citigroup downgraded JetBlue (JBLU) to Sell, target $5.30. Morgan Stanley started Baker Hughes (BKR) at Overweight, $70. Other calls include Etsy (ETSY) upgrade to $100 and Tower Semiconductor (TSEM) Buy at $367.

The article says Barclays strategists analyzed five past technology shakeups and found software survivors typically had healthy profit margins, strong cash generation, low debt, and high employee productivity. It cites Airtable’s acquisition for $1.3 billion after a 2021 valuation above $11 billion, and mentions HubSpot guidance weakness versus Atlassian results. Barclays created a “Resilient Software” basket ranking AppLovin, Freshworks, InterDigital, Datadog, Veeva, Zscaler, and others.

Investing.com compiles major AI-related analyst moves. Goldman added Microsoft and Applied Materials to its U.S. Conviction List, citing Azure acceleration, Copilot monetization, and Applied’s deposition/etch exposure. Goldman warned of an “earnings bubble” risk. BofA reiterated Buy on Micron with $1,550 target. Summit Insights cut Western Digital to Hold on HAMR transition risk. HubSpot was downgraded by multiple firms after weaker guidance.

HubSpot (HUBS) reported Q2 net customer adds of 7,000 versus prior guidance of 9,000 to 10,000. The company cut its 2026 quarterly net additions assumption to 5,000 to 6,000. Despite this, Q2 revenue rose 20% to $911.7M and free cash flow was $167.9M. Shares fell 19% after the report.

HubSpot (HUBS) reported Q2 2026 revenue growth of 20% year over year on a reported basis, or 17% in constant currency, with slower customer acquisition and tighter tech budgets tied to AI product transitions. Net adds were 7,000 vs. 9,000 to 10,000 expected. Management highlighted AI agent adoption and guided Q3 revenue $924–$925M and FY revenue $3.678–$3.686B.

Stocks were pressured as software and tech shares fell despite expectations for strong Q2 earnings. Bloomberg Intelligence projects Q2 earnings up 23%, with AI spending driving nearly 60% of S&P 500 EPS growth. Datadog, Salesforce, Palantir, and others declined. Memory chipmakers dropped after Sandisk and Western Digital forecast weaker revenue. Rate-hike odds and bond yields also moved.