Why Agilysys Stock Is Skyrocketing Today

Core Insights - Agilysys stock experienced a significant increase of 20.2% following the release of strong quarterly results, with an intraday high of 26.2% [1][4] Financial Performance - For the second quarter of the 2026 fiscal year, Agilysys reported non-GAAP adjusted earnings per share of $0.40 and sales of $79.29 million, surpassing Wall Street estimates by $0.02 in earnings and approximately $2.4 million in sales [4] - Revenue increased by about 16% year over year, driven by a 33% growth in subscription sales, while earnings per share improved from $0.34 in the same quarter last year [4] Future Guidance - Following the strong performance, Agilysys raised its full-year sales guidance to a range of $315 million to $318 million, up from the previous forecast of $308 million to $312 million [5] - The company also increased its target for annual subscription revenue growth to 29%, up from an earlier forecast of 27% [5] Growth Drivers - Agilysys is benefiting from strong momentum in its subscription-based business and efficiency improvements attributed to artificial intelligence and other factors, contributing to impressive growth this year [6]