FORTYFormula Systems (1985) Ltd.
The schedule
- Thu15Oct
US trade and tariff policy decisions around software, IT services, and Israel-linked technology exporters could affect Formula Systems’ cross-border demand, pricing, and profit repatriation, introducing macro headline risk into the stock.
- Fri29Jan
Q3 2026 results and 2027 pipeline commentary will be a key checkpoint on whether Formula Systems can transition from a one-off 2025 profit windfall to a durable, higher-quality earnings and backlog profile.
- Mon12Apr
Q4 2026 earnings and the first full FY2027 outlook will frame Formula Systems’ post-windfall earnings power, capital allocation plans, and long-term growth algorithm for investors.
- Thu24Jun
Q1 2027 earnings will test whether Formula Systems can begin delivering on its FY2027 targets out of the gate, validating the prior outlook or forcing another reset.
Past
- Sun9Aug
Actual outcome: Bear · $109.25 at outcome
Formula Systems reported Q2 2026 EPS of $2.33, exactly meeting consensus estimates. Although the stock edged up slightly following the release, it failed to gain meaningful traction and closed below the $112 bear floor. The in-line results did not provide enough reassurance regarding sustainable margins or capital allocation to shift sentiment, leaving the stock weighed down in bear territory.
Q2 2026 earnings will show whether Formula Systems can normalize after the 2025 profit windfall and Q1 guidance reset, with investors focused on sustainable margins, cash deployment, and any clarification to capital allocation policy.
- Sat20Jun
Actual outcome: Bear · $108.02 at outcome
Formula Systems' AGM and capital allocation update failed to meet investor expectations regarding the deployment of its 2025 profit windfall. The lack of aggressive value-unlocking measures disappointed the market, driving the stock down 5.9% to breach the $110 bear floor.
Around the 2026 AGM, Formula Systems is likely to address use of the 2025 profit windfall and broader capital allocation, which could unlock value or disappoint investors at $121.31.
- Thu28May
Actual outcome: Bear · $102.01 at outcome
Formula Systems reported record Q1 2026 results, with revenue rising 19.2% year-over-year to $738.3 million and net income surging 84.5% to $35.6 million, meeting EPS estimates. Despite the strong headline numbers, the stock fell 23.0% following the release. The significant sell-off indicates that the market viewed the results as insufficient to sustain the extraordinary earnings momentum seen in the prior quarter, prompting investors to recalibrate their expectations for sustainable long-term growth.
Q1 2026 results and guidance will be the first full update after the extraordinary $36.46 EPS print in Q4 2025, and will show how much of that earnings spike was one-off versus sustainable for Formula Systems at $121.31.
