Equity Profile

CWAN

Clearwater Analytics Holdings, Inc.

Information TechnologyApplication Software$7.3B

Aug5Wed

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Clearwater Analytics Holdings, Inc. (CWAN) provides cloud-based analytics and reporting solutions for investment portfolios....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well the company is managing its costs and generating income.

N/A

Revenue Growth

Revenue growth is critical for assessing the company's ability to expand its market share and attract new clients.

N/A

Wall Street expectations, options signals, track record, and call prep available with Pro.

CWAN Q2-2026 Earnings Preview

Context

Company Snapshot

Clearwater Analytics Holdings, Inc. (CWAN) provides cloud-based analytics and reporting solutions for investment portfolios. As a player in the Information Technology sector, it focuses on application software, helping businesses manage their financial data more efficiently, which is increasingly important in today's data-driven world.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+217.07%

Avg Stock Reaction

+0.43%

Last Quarter Recap

In Q1-2026, Clearwater Analytics reported an EPS of $0.16, significantly beating expectations of $0.08, marking a 110.53% surprise. The stock saw a slight increase of 0.12% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall expectations for Clearwater Analytics are mixed, with the company having a strong track record of beating EPS estimates in recent quarters. Investors are keen to see if this trend continues amid a competitive landscape.

Bull Case

The optimistic view hinges on continued strong EPS growth and potential revenue increases, which could lead to a positive stock reaction.

Bear Case

On the downside, if the company fails to meet or provide guidance for revenue growth, it could lead to a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What specific revenue growth rates can Clearwater Analytics report for this quarter?

Revenue growth is crucial for understanding the company's market position and future potential, especially after recent strong EPS surprises.

Will management provide any guidance on future earnings or market conditions?

Guidance from management can significantly influence investor sentiment and stock performance, especially in a competitive landscape.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating Clearwater's ability to sustain its growth trajectory despite the competitive pressures in the software sector.

Supporting Evidence

The company has consistently beaten EPS estimates, indicating strong operational performance.

Options pricing suggests a significant move, which could reflect underlying investor confidence in the company's growth potential.

Key Risk

If revenue growth comes in below expectations, it could challenge the bullish narrative surrounding the stock.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is under scrutiny as investors look for sustained growth amid a competitive environment.

Bull Confirmed If

Reporting revenue growth of over 15% year-over-year would confirm the bull case.

Bear Confirmed If

Any revenue decline or lack of guidance could confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±5.96%

Historical Avg

±1.4%

Pricing rich

The options market is pricing in a significant move of nearly 6%, indicating that traders expect volatility around the earnings announcement.

Options are pricing ±6.0% while CWAN has averaged ±1.4% over the last 8 prints — setup is pricing rich.

Detail

30d HV

2.4%

Calls (1K)P/C Ratio: 1.74Puts (9K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Clearwater beats expectations and raises guidance, history suggests the stock could see an average increase of around 0.43%.

In-Line / Cautious

A cautious inline report may lead to muted reactions, as investors await clearer signals of future growth.

Miss

If the company misses expectations, history suggests a potential decline, averaging around 0.0% in past misses.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new client acquisitions or partnerships.
2Details on cost management strategies and their impact on margins.
3Insights into competitive pressures and how the company plans to address them.
4Management's outlook on market conditions for the remainder of the year.
5Any commentary on product developments or innovations.

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Company Snapshot

Clearwater Analytics Holdings, Inc. (CWAN) provides cloud-based analytics and reporting solutions for investment portfolios....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well the company is managing its costs and generating income.

N/A

Revenue Growth

Revenue growth is critical for assessing the company's ability to expand its market share and attract new clients.

N/A

Wall Street expectations, options signals, track record, and call prep available with Pro.

CWAN Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+217.07%

Avg Stock Reaction

+0.43%

Last Quarter Recap

In Q1-2026, Clearwater Analytics reported an EPS of $0.16, significantly beating expectations of $0.08, marking a 110.53% surprise. The stock saw a slight increase of 0.12% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

The optimistic view hinges on continued strong EPS growth and potential revenue increases, which could lead to a positive stock reaction.

Bear Case

On the downside, if the company fails to meet or provide guidance for revenue growth, it could lead to a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What specific revenue growth rates can Clearwater Analytics report for this quarter?

Revenue growth is crucial for understanding the company's market position and future potential, especially after recent strong EPS surprises.

Will management provide any guidance on future earnings or market conditions?

Guidance from management can significantly influence investor sentiment and stock performance, especially in a competitive landscape.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating Clearwater's ability to sustain its growth trajectory despite the competitive pressures in the software sector.

Supporting Evidence

The company has consistently beaten EPS estimates, indicating strong operational performance.

Options pricing suggests a significant move, which could reflect underlying investor confidence in the company's growth potential.

Key Risk

If revenue growth comes in below expectations, it could challenge the bullish narrative surrounding the stock.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is under scrutiny as investors look for sustained growth amid a competitive environment.

Bull Confirmed If

Reporting revenue growth of over 15% year-over-year would confirm the bull case.

Bear Confirmed If

Any revenue decline or lack of guidance could confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±5.96%

Historical Avg

±1.4%

Pricing rich

The options market is pricing in a significant move of nearly 6%, indicating that traders expect volatility around the earnings announcement.

Options are pricing ±6.0% while CWAN has averaged ±1.4% over the last 8 prints — setup is pricing rich.

Detail

30d HV

2.4%

Calls (1K)P/C Ratio: 1.74Puts (9K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Clearwater beats expectations and raises guidance, history suggests the stock could see an average increase of around 0.43%.

In-Line / Cautious

A cautious inline report may lead to muted reactions, as investors await clearer signals of future growth.

Miss

If the company misses expectations, history suggests a potential decline, averaging around 0.0% in past misses.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new client acquisitions or partnerships.
2Details on cost management strategies and their impact on margins.
3Insights into competitive pressures and how the company plans to address them.
4Management's outlook on market conditions for the remainder of the year.
5Any commentary on product developments or innovations.