Doximity sinks on gloomy full-year revenue outlook, says AI compute costs are weighing on margins
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Doximity's stock fell in premarket trading after the company reported Q4 2026 earnings that missed expectations, with adjusted EPS at $0.26 versus the $0.28 forecasted. The company cited high AI compute costs impacting margins and projected FY 2027 adjusted EBITDA between $323 million and $335 million, below the $349.5 million expected. Revenue for FY 2027 is anticipated to be between $664 million and $676 million, also below forecasts. CEO Jeffrey A. Tangney emphasized that this year is focused on AI investments despite minimal expected revenue contributions.
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