Shares of Doximity, Inc. (DOCS) surged 5.69% in after-hours trading on Thursday following the release of its fiscal 2026 first-quarter financial results, which exceeded analyst expectations. The company, which operates a digital platform for medical professionals, also provided an optimistic outlook for the upcoming quarter and full fiscal year, further fueling investor enthusiasm.
Doximity reported quarterly earnings of $0.36 per share, surpassing the analyst consensus estimate of $0.30 by 20%. This represents a 28.57% increase from the same period last year. The company's revenue for the quarter came in at $145.913 million, beating the analyst estimate of $139.705 million by 4.44% and marking a 15.19% year-over-year growth. Additionally, Doximity's adjusted EBITDA for Q1 reached $79.8 million, significantly higher than the expected $71.6 million.
Looking ahead, Doximity provided an upbeat forecast for both the second quarter and the full fiscal year 2026. The company expects Q2 revenue between $157 million and $158 million, well above the consensus estimate of $150.35 million. For the full fiscal year, Doximity projects revenue in the range of $628 million to $636 million, surpassing analysts' expectations of $626.47 million. The company also announced its acquisition of Pathway for $63 million, a move that could potentially enhance its service offerings and market position.
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