Sprout Social reported second quarter 2026 results with revenue of $123.8 million, an 11% increase year-over-year. The company achieved non-GAAP operating income of $16.0 million and non-GAAP net income per share of $0.26, significantly exceeding guidance expectations. Total remaining performance obligations reached $400.8 million, up 16% annually. Management raised its full-year 2026 revenue outlook to a range of $493.0 million to $495.6 million and increased the non-GAAP operating income midpoint by approximately 20%. The company operates in the social media management and AI-powered social intelligence software industry.

On July 15, 2026, Sprout Social announced that preliminary financial results for the quarter ended June 30, 2026, are expected to be at the high end of previously provided outlook ranges for revenue, non-GAAP operating income, and non-GAAP net income per share. Additionally, the company is implementing a workforce reduction plan approved on July 8, 2026, to reduce its headcount by approximately 20%, or 260 employees, to align costs with strategic AI priorities. The company estimates pre-tax restructuring charges between $18.0 million and $20.0 million, primarily for severance, with most charges expected in the third quarter of 2026. Sprout Social provides social media management and intelligence software for businesses.

Sprout Social announced that founder and board member Aaron Rankin will become Chief Technology Officer effective August 3, 2026. Current CTO Alan Boyce will resign from the role on the same date, though his resignation was not due to any disagreement with the company. Sprout Social provides social media management and engagement software for businesses.