Pinterest, Inc. (PINS) Earnings
Pinterest, Inc. is expected to report next earnings on August 6, 2026 (in NaN days), with a consensus EPS estimate of $0.36. PINS has beaten EPS estimates in 8 of its last 12 reported quarters (average surprise +2.2% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 4, 2026 | $0.22 | $0.27 | +22.7% | $1.0B | +4.3% |
| Feb 12, 2026 | $0.66 | $0.67 | +1.5% | $1.3B | +34.5% |
| Nov 4, 2025 | $0.42 | $0.38 | -8.7% | $1.0B | +0.0% |
| Aug 7, 2025 | $0.35 | $0.33 | -6.7% | $998M | +2.4% |
| May 8, 2025 | $0.26 | $0.23 | -9.9% | $855M | +1.0% |
| Feb 6, 2025 | $0.63 | $0.56 | -11.1% | $1.2B | +1.2% |
| Nov 7, 2024 | $0.34 | $0.40 | +16.5% | $898M | +0.2% |
| Apr 30, 2024 | $0.14 | $0.20 | +48.1% | $740M | +5.7% |
| Feb 8, 2024 | $0.51 | $0.53 | +3.9% | $981M | -0.8% |
| Aug 1, 2023 | $0.12 | $0.21 | +75.0% | $708M | +1.7% |
| Apr 27, 2023 | $0.02 | $0.08 | +422.9% | $603M | -14.8% |
| Feb 6, 2023 | $0.28 | $0.29 | +3.6% | $877M | -1.2% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 4, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
• AI driving user growth and engagement: Ten straight quarters of double-digit user growth due to AI investments. Taste graph captures visual intent. Penrec is a proprietary generative retrieval system improving search fulfillment and advertiser performance. Updates to search ranking model and Canvas AI image generation model. • Advertiser performance: Pinterest Performance Plus campaigns driving strong results, with ~30% of lower funnel revenue running through them. Adopters growing spend nearly twice as fast as non-adopters. Upgrading core ads models and pilot integrations with advertisers' measurement systems. • Global sales and go-to-market: Chief Business Officer Lee Brown making changes in leadership, coverage model, sales incentive structures, and incorporating AI adoption. Sharpening coverage, evolving sales incentives, and rolling out a globally consistent merchant playbook. • TV Scientific acquisition: Unlocking ability to extend Pinterest's intent signal to CTV campaigns, with early partners seeing positive results.
Guidance
• Q2 2026 revenue expected to be in range of $1,133,000,000 to $1,153,000,000, up 14%-16% year-over-year. • Adjusted EBITDA expected to be in range of $256 million to $276 million. • Expect modest headwinds from cost of revenue in 2026 due to investments like GPU capacity and TV Scientific. • Full-year 2026 adjusted EBITDA margin expected around 29%, with margin pressure moderating in second half.
Segment performance
In Q1 2026, Pinterest delivered over $1 billion in revenue, up 18% year-over-year. Global monthly active users were 631 million, growing 11%. Revenue breakdown: U.S. and Canada generated $750 million, up 13%; Europe had $186 million, up 27% on reported basis; rest of world was $72 million, up 59% on reported basis. Adjusted EBITDA was $207 million. Revenue contribution: UCAN region is a significant part, with 75% of revenue, and growth seen across regions.
Analyst Q&A
Q: Doug Anmut from JP Morgan Chase asked about drivers of upside in 1Q, 2Q outlook, etc.
A: Strong Q1 due to broadening revenue base and better performance from large retailers. Q2 guidance consistent on constant currency. UCAN growth expected to repeat, but international growth may moderate.
Q: Eric Sheridan from Goldman Sachs asked about Lee Brown's focus.
A: Lee focused on bringing accountability, consistency, operational rigor, and AI tooling to go-to-market. Near-term changes include leadership changes, AI tool adoption, and sharpening sales accountability.
Q: Ross Sandler from Barclays asked about small and midsize accounts and large accounts.
A: Large retailers were a headwind but saw some strength later. Rest of business accelerated. Impact from Middle East conflict small on dollar basis.
Q: Colin Sebastian from Baird asked about adoption trends in mid-market and SMB.
A: SMB refers to certain advertisers, Performance Plus ~1 year old, early adoption encouraging, still early in capturing opportunity.
Q: Jason Helstein from Oppenheimer asked about AI chatbots and margins.
A: Pinterest has unique visual search and discovery, specialization is strength. Long-term adjusted EBITDA margin targets 30%-34%.
Q: Justin Patterson from KeyBank asked about core levers for deepening engagement and UCAN runway.
A: AI driving personalization, Gen Z engagement, ongoing platform improvements.
Q: Ron Josie from Citibank asked about sales force structure and shopping assistant.
A: Sales force reorganized for different advertiser segments, Pinterest Assistant in beta, leveraging unique data and models.
Q: Shweta Kajaria from Wolf Research asked about regulatory environment.
A: Prioritizing online safety for younger folks, making accounts private for under-16s, supported phone-free schools, etc.
Q: Brian Nowak from Morgan Stanley asked about attribution and innovation.
A: Attribution modeling benefits from linking AI bidding to advertiser measurement, TV Scientific as innovation for CTV opportunities.