The Trade Desk stock falls 3.79 percent as revenue misses

The Trade Desk stock fell 3.79 percent to USD 12.68 on Nasdaq on September 23, 2026, leaving the shares USD 0.10 above the 52-week low of USD 12.58. The move follows a weak earnings comparison and a lower revenue outlook for the third quarter.

Revenue misses by USD 37.35 million

According to MarketBeat, The Trade Desk reported Q2 2026 revenue of USD 715.06 million on August 6, 2026, versus USD 752.41 million expected. The shortfall was USD 37.35 million, while revenue increased 3.0 percent from the same quarter a year earlier.

Adjusted earnings per share came in at USD 0.34, below the USD 0.40 consensus estimate by USD 0.06. The company generated net income of USD 64.39 million in Q2 2026, compared with USD 40.00 million in Q1 2026, according to standardized quarterly financial data.

Third-quarter guide starts at USD 650 million

The Motley Fool reported that third-quarter revenue guidance calls for at least USD 650 million, compared with USD 739 million in the year-earlier quarter. That implies a USD 89 million decline at the guidance floor and puts the next reporting period ahead of the Q2 growth rate.

The company also announced a 15 percent workforce reduction on September 3, 2026, with completion expected in Q3 2026. The Globe and Mail reported estimated restructuring charges of USD 39 million to USD 51 million, partly offset by a USD 4 million to USD 5 million stock-based compensation reversal.

Stock trades near yearly floor

The September 23 price of USD 12.68 on Nasdaq was 3.79 percent below the prior session and sat within USD 0.10 of the 52-week low. MarketBeat listed a consensus rating of Reduce and a consensus target of USD 19.36 in its September 2026 coverage, underscoring the gap between current trading levels and published analyst expectations.

For investors, the central test is now whether cost reductions can offset the transition from 3.0 percent Q2 growth to third-quarter revenue guidance beginning at USD 650 million.