Kelly Services exceeds Q2 2026 guidance, prompting raised earnings forecasts

Kelly Services reported second-quarter 2026 results that exceeded guidance for both revenue and adjusted EBITDA margin. The company reported revenue of $1.04 billion, which outperformed analyst expectations of a 7-9% decline. Adjusted EBITDA for the quarter was $16.1 million, representing a 3.0% margin, surpassing management’s 2.5% projection. Adjusted earnings per share (EPS) stood at $0.37, higher than the estimated $0.30.

Following these results, Noble Financial analyst Joe Gomes raised the full-year 2026 EPS forecast for Kelly Services to $1.21 per share, up from a previous estimate of $1.16. Other market analysts have also adjusted their outlooks; Barrington Research raised its price objective from $15.00 to $20.00 with an “outperform” rating, while Zacks Research upgraded the stock from “strong sell” to “hold.”