Stride Inc. (NYSE:LRN) saw a 14.25% increase in stock price on Wednesday, closing at $82.75 per share after a strong second quarter earnings report for fiscal year 2026. Net income rose by 3% to $99.5 million, while revenues grew by 7.5% to $631.3 million with a 7.8% increase in enrollments.

For the first six months of the fiscal year, Stride Inc. reported a 22% increase in net profit to $168.3 million and a 10% jump in revenues to $1.25 billion compared to the same period last year. The company remains optimistic, reaffirming its revenue outlook for the full fiscal year 2026.

In addition to its strong financial results, Stride Inc. (NYSE:LRN) provided guidance for the third quarter of fiscal year 2026, targeting revenues between $615 million and $645 million, with an adjusted operating income expected to be in the range of $130 million to $140 million. The company continues to demonstrate growth potential.

Investors considering Stride Inc. (NYSE:LRN) may want to explore other AI stocks with higher return potential. While LRN shows promise, other AI stocks may offer better returns. For those seeking an affordable AI investment option, a free report on the best short-term AI stock is available.

Read more at Yahoo Finance: Stride (LRN) Jumps 14% on Earnings Blowout