TLDR
- Navan posted Q1 fiscal 2027 adjusted EPS of $0.09, well above the $0.01 Wall Street estimate
- Revenue rose 40% year-over-year to $220.2 million, beating the $205.3 million consensus
- Gross booking volumes jumped 50% to $3.1 billion; payment volume rose 29% to $1.3 billion
- Full-year fiscal 2027 revenue guidance raised to $907M–$913M, up from prior guidance of $874M–$886M
- Jefferies raised its price target to $26; Citizens lifted to $38; BMO Capital moved to $30
Navan (NAVN) stock jumped 19% in premarket trading Thursday to $24.90, after closing Wednesday at $20.88, following a strong first-quarter fiscal 2027 earnings report that beat Wall Street estimates across the board.
The company posted adjusted earnings of $0.09 per share for the quarter ended April 30. That compares to a loss of $0.15 a share a year ago and blew past the analyst expectation of $0.01.
Revenue climbed 40% year-over-year to $220.2 million, ahead of the $205.3 million consensus forecast from FactSet.
$NAVN CEO: “Navan kicked off fiscal 2027 with an outstanding first quarter, driven by accelerating growth across the business and a 50% year-over-year increase in Gross Booking Volume." https://t.co/Qug1fVVlD8
— Schaeffer's Investment Research (@schaeffers) June 10, 2026
Since bottoming in late March, NAVN has now rallied roughly 148%. Year-to-date, the stock is up 22%.
Navan went public on October 30, 2025, pricing its IPO at $25 per share and raising $923.1 million. The company pitched itself as the “Amazon for travel” during its roadshow.
Gross booking volumes rose 50% to $3.1 billion for the quarter. Payment volume was up 29% to $1.3 billion, and subscription revenue grew 26% to $18 million.
Guidance Gets a Boost
Navan raised its full-year fiscal 2027 outlook, now targeting total revenue of $907 million to $913 million and operating income of $76 million to $80 million.
That’s a step up from the March guidance of $874 million to $886 million in revenue and $58 million to $62 million in operating income. Wall Street had been modeling $871.7 million in revenue and $60.6 million in operating income.
CEO Ariel Cohen called out the company’s AI-led platform in the release, saying the focus is on “seamlessly orchestrating human and AI agents” and defining the future of travel — not just running a travel agency.
One day before earnings, Navan unveiled its “Navan Anywhere” program. AI travel agents are now live on the Google Cloud Marketplace and embedded within Gemini Enterprise, letting users plan, book, and manage travel directly through the platform.
Analyst Targets Move Higher
Jefferies raised its price target on NAVN to $26 from $18, keeping a Buy rating. The firm pointed to Q1 results beating Street estimates on revenue by 7% and gross booking value by 11%.
Jefferies noted the stock trades at 5.5x enterprise value to gross profit, with a 72% gross profit margin and 33% revenue growth. It called the risk/reward compelling and expects analyst estimates to move higher.
Citizens raised its target to $38, maintaining a Market Outperform rating. BMO Capital lifted its target to $30, citing upside across all key metrics, and kept an Outperform rating.
Usage yield declined 42 basis points year-over-year due to enterprise and travel mix shifts — the one soft data point in an otherwise clean quarter.
The company’s fiscal year ends January 31, 2027.
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