CCC Intelligent Solutions: 2Q26 - Strong Performance of AI-Based Solutions; 2H26E Renewed Guidance Appears De-Risked

研报英文原文证据摘录

CCC Intelligent Solutions: 2Q26 - Strong Performance of AI-Based Solutions; 2H26E Renewed Guidance Appears De-Risked

J P M O R G A N North America Equity Research

30 July 2026

CCC Intelligent Solutions Underweight

CCC, CCC US

2Q26 - Strong Performance of AI-Based Solutions; Price (29 Jul 26):$6.05

2H26E Renewed Guidance Appears De-Risked Price Target (Dec-27):$7.50

CCC delivered another quarter of steady execution, with 2Q26 numbers ahead of Vertical SaaS & HealthTech

ACmanagement guidance: revenue growing 9.8% yoy and Adj. EBITDA margin Alexei Gogolev

at~40%. Management emphasized that customers are deploying AI “operationally (1-212) 622-9391

and at scale” across the claims lifecycle, reinforcing CCC’s “connective layer” alexei.gogolev@jpmorgan.com

positioning. CEO called out AI-based solutions at >$120M annualized revenue, Isabella A Camaj

growing ~45–50% yoy and representing ~11% of 2Q26 topline. On outlook, CCC (1-212) 834-2379

introduced 3Q26 forecasts and raised FY26E estimates, highlighting continued bella.camaj@jpmorgan.com

large-customer AI wins (claims routing/early total-loss and subrogation) and MSO Ella Smith

expansion around Mobile Jumpstart (including Mobile Jumpstart 2.0, which (1-212) 622-2451

ella.smith@jpmchase.com

management said leverages Agentic AI).

Destiny Jackson

• 2Q headline earnings beat. CCC reported 2Q26 revenue/EBITDA of (1-212) 622-4360

$285.9M/$115.5M compared with JPM estimates of $285M/$113M and Street destiny.jackson@jpmorgan.com

J.P. Morgan Securities LLC

estimates of $284M/$112M.

• Bright spots.1) AI-based solutions drove ~4pp of the reported ~10% growth

in the quarter (~40% of total growth); AI products are reportedly contributing Quarterly Forecasts (FYE Dec)

~11% of revenue (expanding ~45% yoy and having reached >$120M Adj.