Endava: Execution Needs To Improve Before This Is A Buy (Rating Downgrade)

Endava PLC is downgraded to hold as the anticipated H2 2026 recovery has not materialized and execution remains challenged. Q3 2026 revenue declined 8.4% y/y, with adjusted profit before tax margin dropping to 1.8% from 12.6%, reflecting weak pipeline conversion and profitability. AI-driven business is scaling rapidly, now 15% of revenue with higher margins, but not yet sufficient to offset legacy business weakness.

Seeking Alpha • Jun 4, 2026

Endava Analysts Slash Their Forecasts Following Downbeat Q3 Results

Endava PLC – ADR (NYSE:DAVA) on Thursday reported worse-than-expected third-quarter financial results and cut its FY26 guidance below estimates.

Benzinga • May 22, 2026

Endava plc Shareholders Are Encouraged to Reach Out to Johnson Fistel for More Information about Potentially Recovering Their Losses

SAN DIEGO, May 22, 2026 (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP is investigating whether Endava plc (NYSE: DAVA) or certain of its executive officers violated federal securities laws. The investigation focuses on investors' losses and whether they may be recovered under federal securities laws.

GlobeNewsWire • May 22, 2026

Endava Q3 Earnings Call Highlights

Endava NYSE: DAVA reported a weaker fiscal third quarter and lowered its fourth-quarter outlook, with management citing delayed client decisions, geopolitical disruption in the Middle East and longer sales cycles for large outcome-based contracts.

MarketBeat • May 21, 2026

Endava plc (DAVA) Q3 2026 Earnings Call Transcript

Endava plc (DAVA) Q3 2026 Earnings Call Transcript

Seeking Alpha • May 21, 2026

Endava Announces Third Quarter Fiscal Year 2026 Results

LONDON--(BUSINESS WIRE)--Endava plc (NYSE: DAVA) ("Endava" or the "Company"), the technology-driven business transformation group whose AI-native approach combines cutting edge technology with deep industry expertise, today announced results for the three months ended March 31, 2026 ("Q3 FY2026"). "This has been one of the more challenging periods Endava has faced in recent years. Demand remains uneven across sectors, deal cycles continue to be extended, and clients are scrutinizing technology.

Business Wire • May 21, 2026

Endava PLC Sponsored ADR (DAVA) Misses Q3 Earnings and Revenue Estimates

Endava PLC Sponsored ADR (DAVA) came out with quarterly earnings of $0.07 per share, missing the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.43 per share a year ago.

Zacks Investment Research • May 21, 2026

NatWest and Endava Form Partnership to Drive Merchant Payments Business Forward

LONDON--(BUSINESS WIRE)--Endava, the technology-driven business transformation group whose AI-native approach combines cutting-edge technology with deep industry expertise today announced a strategic partnership with Tyl by NatWest, NatWest Group's merchant-payments arm, to accelerate the evolution of its offering. The partnership is focused on enabling Tyl's customers to access a modern, fully integrated payments acceptance experience. By combining Endava's global operations and its AI-native.

Business Wire • May 15, 2026

Endava to Announce Q3 FY2026 Financial Results on May 21, 2026

LONDON--(BUSINESS WIRE)--Endava plc (NYSE: DAVA), the technology-driven business transformation group whose AI-native approach combines cutting edge technology with deep industry expertise, today announced it will release results for the third quarter ended March 31, 2026, on Thursday May 21, 2026 before the opening of regular U.S. market hours. Following the release, John Cotterell, Endava's CEO and Mark Thurston, Endava's CFO, will discuss the results in a conference call beginning at 8:00 am.

Business Wire • May 7, 2026

Royce Small-Cap Opportunity FY 2025: What Worked

Five of the portfolio's 10 equity sectors made a positive impact on performance in 2025, with Industrials, IT, and Financials making the largest positive contributions, while Consumer Discretionary, Energy, and Consumer Staples had the biggest negative effect. Our top contributor at the holdings level was nLIGHT, whose shares have outperformed due to upward revisions to the outlook for its aerospace & defense customers. The Fund's top-detracting position was Lakeland Industries.

Seeking Alpha • Mar 10, 2026