Summary
Colliers International saw its stock jump 8.7% in pre-open trading following the release of its second-quarter 2026 results, which came in ahead of Wall Street forecasts on both the top and bottom lines. The company reported broad-based revenue gains, a rise in adjusted profitability measures, and a management team that left full-year guidance intact.
Quarterly results in detail
For the quarter, consolidated revenues reached $1.57 billion, a 17% increase versus the year-ago period. Net revenues also rose 17% to $1.39 billion. Adjusted EBITDA climbed 14% to $205.3 million, and Adjusted EPS was $1.83, up 6% from the same quarter a year earlier. The reported adjusted EPS topped analyst consensus of roughly $1.78 per share, and consolidated revenues comfortably exceeded the $1.52 billion forecast heading into the announcement.
Management emphasized that consolidated internal revenue growth, measured in local currencies, was 8% compared with the prior year quarter - a detail the company highlighted to indicate that top-line expansion was not solely the result of acquisitions. That said, the Ayesa Engineering acquisition, completed earlier in the year, did contribute to broadening Colliers' revenue base.
Guidance and investor response
The company reaffirmed its 2026 outlook, maintaining expectations to deliver mid-teens percentage growth in each of revenues, Adjusted EBITDA, and Adjusted EPS for the full year. That affirmation, combined with the clean earnings beat and double-digit revenue growth, helped reassure investors and drove the pre-market rally.
In pre-market activity the stock moved to $110, which remains below its 52-week high of $171.51. Market participants interpreted the print as a meaningful development in narrowing the valuation gap, provided capital markets and leasing activity continue to recover through the second half of 2026.
Broader market context
Colliers' pre-market advance unfolded alongside a constructive session for U.S. equities. The S&P 500 was up 0.7%, the Dow Jones added 0.5%, and the Nasdaq led gains at 1.4%, creating a risk-on backdrop that added lift to CIGI's earnings-driven move. Investors focused on commercial real estate have been watching the pace of deal activity closely, and Colliers' revenue acceleration and guidance confirmation were particularly well-received in that context.
Conclusion
In sum, a stronger-than-expected quarter, sustained internal growth in local currencies, and an unchanged full-year target combined to produce a positive market reaction. The stock's pre-market level of $110 reflects investor recognition of the results while also underscoring that there remains ground to cover relative to the 52-week high, contingent on continued improvements in capital markets and leasing activity.