Endava stock falls on earnings miss and shrinking market cap

Published on 09/19/2026 at 18:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Endava stock closed at USD 2.80 on September 18, 2026 on the NYSE, down 4.59 percent after weaker-than-expected quarterly figures. The company reported revenue of USD 149.02 million versus USD 182.18 million expected and EPS of USD 0.1048 ahead of its September 24, 2026 earnings call.

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Endava plc stock (ISIN US29260V1052) ended the last completed trading day at USD 2.80 on the New York Stock Exchange on September 18, 2026, down 4.59 percent from the prior close as investors digested softer quarterly revenue and an upcoming earnings report later in September 2026.

Earnings miss puts Endava under pressure

According to Investing.com for the latest reported quarter in 2026, Endava generated revenue of USD 149.02 million, significantly below the market expectation of USD 182.18 million for the period, a shortfall of about USD 33.16 million that highlights the recent slowdown in its business.

In the same dataset, Investing.com reports that Endava delivered earnings per share of USD 0.1048 for this 2026 quarter, with the stock price at USD 2.80 implying a price-to-earnings multiple of roughly 26.7 times on that quarterly run rate, which is demanding given the revenue miss against consensus.

Upcoming earnings date and market reaction

As MarketBeat notes, Endava is scheduled to report its Q4 2026 earnings before the market opens on September 24, 2026, with a conference call set for September 22, 2026, giving investors a near-term catalyst to reassess the stock after the recent sell-off.

The same MarketBeat snapshot shows Endava closing at USD 2.80 on September 18, 2026, down USD 0.14 or 4.59 percent on the day, and extending its longer-term underperformance as the company works through weaker demand and a smaller order backlog in parts of its digital transformation portfolio.

Valuation shrinks with steep share price decline

Endava’s sharp share price decline has translated into a much smaller market capitalization, which is now firmly in small-cap territory for a global technology services firm.

Per data compiled by CompaniesMarketCap, Endava’s market value stands at about USD 0.14 billion as of September 2026, down roughly 58.64 percent from the prior year’s level, and the site ranks the company only around 9,425th globally by market cap.

The same CompaniesMarketCap overview indicates that on September 8, 2026 Endava’s market capitalization was USD 0.15 billion, so the latest USD 0.14 billion level implies a further drop of around USD 10 million in equity value in just ten days, underscoring how quickly sentiment has deteriorated ahead of the Q4 2026 figures.

Stock price level and volatility

On the price side, Endava shares recently traded around USD 2.78 to USD 2.82, with Yahoo Finance showing a last price of USD 2.78 and a one day decline of 5.44 percent for Endava within an industry peer list as of late September 18, 2026, consistent with the 4.59 percent drop reported for the official NYSE close at USD 2.80.

Historical price data compiled by MarketScreener show that on September 4, 2026 Endava closed at USD 3.06 with a daily loss of 1.92 percent and trading volume of 131,280 shares, while just a few days earlier on September 1, 2026 the stock fell 6.63 percent to USD 3.10 on volume of 266,253 shares, indicating elevated volatility as investors position ahead of the upcoming Q4 2026 release.

Closing snapshot for Endava stock

At the close on September 18, 2026, Endava stock finished at USD 2.80 on the New York Stock Exchange, with a daily loss of 4.59 percent and a market capitalization of roughly USD 0.14 billion in USD terms, leaving the shares deeply below their levels earlier in September 2026 and pricing in a cautious outlook ahead of the Q4 2026 earnings announcement.