Intapp Inc. (NASDAQ:INTA) delivered strong Q3 fiscal 2026 results on May 5, surpassing analyst expectations for revenue and earnings. Shares climbed 1.82% to $23.78 in after-hours trading amid Nasdaq gains of 1.03%.
Financial Highlights
Revenue reached $146 million, topping the $143.9 million forecast. Non-GAAP EPS hit $0.29, exceeding the $0.28 estimate. Cloud annual recurring revenue (ARR) surged 31% year-over-year to $405.93 million, representing 82% of total ARR at $506 million.
Cloud net revenue retention stood at 123%, fueled by customer expansions. Customers generating over $10 million in ARR grew 15% to 858, while those above $5 million rose 10% to 1,375. SaaS revenue jumped 27% to $107.9 million, comprising 73% of total revenue.
Non-GAAP operating income hit a record $25.7 million, with gross profit at $63.4 million and a 43.4% margin—up from 27.2% last year.
Raised Guidance Signals Momentum
Executives project Q4 SaaS revenue of $113.1 million to $114.1 million, total revenue of $491 million to $501 million, non-GAAP operating income of $28.4 million to $29.4 million, and EPS of $0.36 to $0.38.
Full-year outlook includes SaaS revenue of $421 million to $422 million, total revenue of $743 million to $753 million, non-GAAP operating income of $102.7 million to $103.7 million, and EPS of $1.22 to $1.24. Plans target $10 billion ARR over three years through AI integration and cloud migrations.
Celeste AI Platform Drives Expansion
Intapp introduced Celeste, an AI agent platform targeting $300 million in new opportunities—surpassing the current $200 million serviceable addressable market in legal tech. The platform integrates with Microsoft Copilot, Anthropic’s Claude, and Harvey, enhancing applications across litigation, forecasting, consulting, deal handling, small fund management, and product operations.
Celeste features a model-agnostic architecture, new user paradigms, and rapid startup-like development. It addresses enterprise challenges like context engines, connectors, and collaboration stacks. Partnerships expanded to 145 key centers, covering 1,200 resources.
Strategic Growth Focus
Intapp repurchased $39 million in shares, including $100 million from a major customer. Cloud components now dominate, with expansions in mid- and large-firm segments. “Walls for AI” safeguards AI processes amid regulatory scrutiny on MNPI and national security.
Milestones include 2024’s Intapp Assist launch via Transform Data International and 2025 enhancements in AI document subscriptions, DealCloud features, and network activations. The company positions AI as a core differentiator, blending domain expertise with workflow efficiency for professional services firms.
