Overview
- Confluent reported adjusted EPS of $0.13 versus $0.10 expected and revenue of $298.5 million versus $292.9 million consensus.
- The company raised its full-year 2025 adjusted EPS guidance to $0.39–$0.40 from $0.36.
- Management highlighted 24% year-over-year growth in Confluent Cloud revenue and a 43% increase in remaining performance obligations.
- CEO Jay Kreps said adoption of DSP components, particularly Flink, is accelerating and provides the real-time context AI systems require.
- Shares rose about 11% pre-market as Morgan Stanley, Piper Sandler, Baird, Stephens & Co., and Barclays lifted price targets while keeping prior ratings.