Coursera, Inc. reported financial results for its second quarter ended June 30, 2026, delivering revenue of $298.6 million, a 60% year-over-year increase from $187.1 million. The company also reported a non-GAAP adjusted EPS of $0.17, beating the analyst consensus estimate of $0.11 by 54.55%, while GAAP net loss per share stood at $(0.34). The quarter was marked by the completion of the all-stock merger with Udemy on May 11, 2026, which significantly expanded Coursera's scale and contributed to the strong top-line growth. Additionally, the company announced a $100 million strategic investment in LearnVector, an AI-native learning company founded by Andrew Ng.

Key Financial Results

The following table summarizes Coursera's GAAP and non-GAAP financial performance for the second quarter:

The GAAP net loss widened significantly, largely driven by $79.8 million in merger, integration, and restructuring related costs incurred during the quarter. Net cash used in operating activities included cash payments of merger and integration related costs of $39.1 million and merger-related personnel and severance costs of $18.1 million.

Segment Performance

The Udemy transaction, completed on May 11, 2026, is reflected in Coursera's financial results from the date of acquisition. The following table presents segment-level performance for the second quarter:

Key Business Metrics

The following key business metrics represent combined figures for Coursera and Udemy, reflecting a unified reporting methodology:

CEO Commentary

Greg Hart, Coursera CEO, commented: "Q2 marked an important milestone in Coursera's next chapter of value creation. We closed the Udemy transaction, began operating as a combined company, and now expect to achieve at least $85 million of annual run-rate net synergies by the end of 2026, positioning us to finish the year with a meaningfully stronger financial profile. Together, the scale, skills intelligence, and innovation capacity of Coursera and Udemy give us the foundation to build a unified, next-generation platform, while our strategic investment in LearnVector accelerates the creation of more personalized, adaptive, and measurable AI-native learning experiences."

Strategic Investment in LearnVector

On July 28, 2026, Coursera announced a $100 million strategic investment in LearnVector, a new AI-native learning company founded and led by Andrew Ng, Coursera's co-founder and Chairman. LearnVector aims to create more personalized, one-to-one learning experiences that adapt to each learner. The investment is intended to accelerate Coursera's AI strategy as the company advances a unified, next-generation platform. The parties are exploring potential commercial collaborations, with updates to be shared over time.

Share Repurchase Program

Following the completion of the Udemy transaction, Coursera's Board of Directors approved a share repurchase program authorizing up to $500 million of its common stock. During the second quarter of 2026, Coursera repurchased approximately 16.5 million shares for $90.3 million, including commissions, at an average price of $5.45 per share. As of July 28, 2026, the company had repurchased approximately $140 million under the program.

Financial Outlook

The company raised its full-year 2026 revenue outlook, incorporating Udemy's operating results from the date of acquisition. The guidance also reflects the expected pace of synergy realization during 2026.

Coursera (NYSE: COUR) has upgraded its fiscal year 2026 sales guidance to a range of $1.220 billion to $1.245 billion, replacing its earlier projection of $805 million to $815 million. This substantial revision places the company’s expected revenue above the consensus estimate of $1.229 billion, indicating robust demand for its digital education services and successful monetization of its platform offerings.

The adjustment reflects a material shift in the company’s financial trajectory for the year. By raising the lower bound of its guidance by more than $400 million, Coursera signals confidence in its ability to capture market share in the competitive edtech sector. The new outlook suggests that recent strategic initiatives or customer acquisitions have accelerated revenue growth beyond initial internal forecasts.

Guidance Revision Details

The following table outlines the change in Coursera’s fiscal year 2026 sales expectations:

What the Numbers Show

The widening gap between the previous guidance ceiling ($815 million) and the new floor ($1.220 billion) highlights a dramatic reassessment of near-term revenue potential. This upward revision implies that Coursera’s core business drivers—likely including institutional partnerships or consumer subscription growth—are performing well ahead of schedule. Investors should note that the new guidance range sits comfortably above the analyst consensus, potentially setting a positive tone for future valuation multiples if execution remains consistent.