On September 9, ServiceTitan fell 17.47% in regular trading, trading at $66.935 per share, with turnover of approximately $65.17 million. The sharp decline followed the company's fiscal second-quarter earnings release, which delivered mixed results alongside a disappointing third-quarter revenue outlook.

ServiceTitan reported fiscal Q2 revenue of $292.8 million, up 21% year-over-year and above the consensus estimate of $285.9 million. Adjusted EPS came in at $0.40, beating the $0.35 estimate by 14.3%. However, the company guided fiscal Q3 revenue to $285 million to $287 million, with the midpoint of $286 million falling short of the analyst consensus of $287.9 million. Notably, the quarterly revenue growth rate decelerated from 25% in Q1 to 21% in Q2, raising investor concerns over growth sustainability. Full-year fiscal 2027 revenue guidance was modestly raised to $1.139 billion to $1.144 billion, roughly in line with market expectations of $1.14 billion.

Adding to uncertainty, ServiceTitan announced a leadership transition, appointing Rikus Pretorius to succeed Ross Biestman as Chief Revenue Officer after nearly a decade. Truist subsequently lowered its price target from $110 to $100 while maintaining a Buy rating.

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