Endava shares surge 10.9% premarket after Q2 adjusted EPS and £20.1m free cash flow, plus $121.9m buybacks despite revenue decline.

Endava surged 10.90% in premarket trading following its Q2 FY2026 results, which highlighted £0.16 adjusted diluted EPS, £20.1 million free cash flow, and $121.9 million in share repurchases, signaling confidence in its AI-driven transformation. Despite a £6.9 million loss and 5.9% revenue decline, the company expanded its partnership with Cognition to scale agentic coding, enhancing its AI-native delivery framework.