New York, June 3, 2026, 11:18 (EDT)
- TaskUs shares were down 6.3% at $6.06 on the Nasdaq late in the morning, trading close to their session low.
- This happened in an ordinary Nasdaq session, not on a holiday. Nasdaq’s listed hours are 9:30 a.m. to 4:00 p.m. Eastern.
- The push into AI services is facing headwinds from lower margins, reliance on a few big clients, and tech sector weakness.
TaskUs shares slid over 6% on Wednesday, trailing the broader U.S. market. Investors marked down the outsourcing company again as it continued to tout artificial intelligence as its next growth driver.
The stock changed hands at $6.06, off 41 cents from its prior close. Shares opened at $6.42 and moved between $6.06 and $6.54. Market cap sat near $564 million.
TaskUs shares are well under last year’s take-private offer, just months after a special dividend reset the stock. The firm remains public, doing plenty of AI support work, but investors are still asking if that growth will be enough as older customer-support and trust-and-safety contracts come under pressure.
Markets were open in New York. Nasdaq plans to close next for Juneteenth, June 19, according to its 2026 holiday schedule. The exchange runs its regular session from 9:30 a.m. to 4:00 p.m. Eastern on weekdays.
Wall Street’s record run cooled off Wednesday, Reuters said, with oil prices up on Middle East worries and tech shares weaker. Genpact dropped 3.7% and Concentrix slid 4.6% in outsourcing and business services, echoing the slide in TaskUs. The moves point to a broader risk-off tone, not just a single stock move.
TaskUs said first-quarter service revenue was $306.3 million, up 10.3% from the same period last year. Net income came in at $24.3 million. Adjusted EBITDA slipped 1.2% to $58.6 million. The adjusted EBITDA margin narrowed to 19.1% from 21.3%.
TaskUs co-founder and CEO Bryce Maddock called it a “solid start to 2026” and said AI Services revenue jumped more than 30% for the sixth quarter in a row. AI Services was the fastest-growing line again, up 36.1% from a year ago. Business Wire
TaskUs beat the top end of its Q1 revenue guidance, with interim CFO Trent Thrash pointing to “operational execution, financial discipline.” But the Q2 revenue outlook is $296 million to $298 million, implying about 1% growth at the midpoint—slower than Q1. Business Wire
The company stuck to its 2026 revenue forecast of $1.210 billion to $1.240 billion and kept its adjusted EBITDA margin target at around 19%. Adjusted free cash flow guidance moved higher, now at $105 million to $115 million, as the company upped that range. That figure excludes some items and comes after capital spending.
TaskUs changed after returning cash to shareholders. The company issued a one-time special dividend of $3.65 per share in March. Since that amount topped 25% of the stock’s market price, Nasdaq named March 26 as the ex-dividend date. Buyers on or after that date don’t get the payout, and the company said the share price would be marked down to match.
TaskUs shares are still weighed down by the failed go-private deal from last year. Back in October 2025, TaskUs said stockholders voted against the proposed transaction with a Blackstone affiliate, CEO Bryce Maddock and co-founder Jaspar Weir. The company stayed listed on Nasdaq under the TASK ticker.
But it’s not just market sentiment weighing on TaskUs. The company flagged in its latest quarterly filing that more use of generative and agentic AI—either by TaskUs or its clients—could damage results if managed badly. The same filing showed that 63% of service revenue came from the top 10 clients, with the largest customer making up 24%. That concentration leaves TaskUs open if a big client cuts projects or brings them in-house.
The next focus is execution. Investors are looking to see if AI demand keeps rising, if margins can stay close to TaskUs’s target, and if the company can win enough new customers to cut its exposure to a handful of big contracts.
