Marchex (MCHX) Volume Triples on Q2 Earnings Miss
MCHX volume surged to 3.1x average after a Q2 EPS miss ($0 vs $0.0204 est.), with PEG at 21.93 and VIX steady at 14.6.
signal:MCHX:2026-08-13 Marchex (MCHX) Volume Triples on Q2 Earnings Miss
Shares of Marchex (MCHX) saw trading volume jump to 3.1x its 20-day average on August 13, 2026, in the immediate aftermath of the company's Q2 2026 earnings release, where the conversation-intelligence firm posted breakeven per-share earnings against a $0.0204 consensus estimate — a full miss that appears to be driving the surge in dollar volume and price action around the $1.82 level, making MCHX a name worth tracking as a post-earnings volatility watch rather than a conviction buy.
The reaction coincides with a cluster of same-day news flow — Q2 earnings call transcripts and financial-results coverage both published August 12-13 — suggesting the market is still digesting management's commentary alongside the numbers themselves.
Key Facts
| Stock name | MCHX |
|---|---|
| Ticker | MCHX |
| Market | NASDAQ |
| Sector | Unclassified |
| Volume (x average) | 3.1x |
| Signal price | $1.82 |
Marchex, Inc. is a conversation intelligence company that provides conversational analytics across the United States, Canada, and internationally. Its product suite includes Marketing Edge, which tracks which campaigns and channels drive inbound conversations and connects them back to closed sales; Sonar Business Text Messaging, an AI-powered mobile messaging tool for sales and customer engagement teams; and Marchex Platform Services, an API-based conversation intelligence product used by sales and marketing organizations.
Recent Analyst Coverage
External analyst opinions (not investment advice): (2026-08-01)
| Strong Buy | 2 |
|---|---|
| Buy | 4 |
| Hold | 1 |
| Sell | 0 |
| Strong Sell | 0 |
Peer Companies
TTGT, NCMI, FLNT, THRY, SCOR
Risk Factors
The earnings miss itself is the most immediate stock-specific risk: MCHX reported breakeven EPS versus a $0.0204 estimate, a shortfall that, combined with a negative EV/EBITDA of -62.9x and a return on equity of -5.7%, points to a company still generating earnings well below what its balance sheet would suggest is sustainable. At the same time, the stock's PEG ratio of 21.93 signals that even after the post-earnings volume spike, the shares are priced expensively relative to growth, leaving little valuation cushion if this miss turns out to be part of a trend rather than a one-off.
On the macro side, conditions are broadly calm rather than a source of near-term stress: the VIX sits at 14.6, a low-volatility reading, and high-yield credit spreads (HY OAS) are steady around 2.71 percentage points, both suggesting risk appetite remains intact. That said, the 10-year Treasury yield has ticked up slightly to 4.64% over the past month (+0.07pp), a mild headwind for smaller, lower-margin names like MCHX that depend on cheap capital, even as the dollar index (DXY) has drifted down about 0.8% over the same period.
Recent Disclosures
Recent News
- 2026-08-13 Marchex, Inc. (MCHX) Q2 2026 Earnings Call Transcript
- 2026-08-13 Marchex Q2 Earnings Call Highlights
- 2026-08-12 Marchex Announces Second Quarter 2026 Financial Results
Earnings Trend
| Fiscal Year | Revenue | Net Income |
|---|---|---|
| 2023 | $50M | $-10M |
| 2024 | $48M | $-5M |
| 2025 | $45M | $-5M |
Pre-Trade Checklist
| Business & competitive edge understood | ✅ Company profile summarized above |
|---|---|
| Leading sector | ⚠️ Not flagged as a leading sector |
| Good news already priced in? | ⚠️ Insufficient valuation data to judge |
| Stop-loss / take-profit set | ✅ Stop-loss -10% / first take-profit +20% set in advance |
| Exit plan if wrong | ✅ 10% trailing stop from peak; setup auto-invalidated on a break below key support |
Trade Levels
| Signal price | $1.82 |
|---|---|
| Stop-loss | $1.64 (-10% from signal price) |
| First take-profit | $2.18 (+20% from signal price) |
| Trailing stop | 10% from peak |
| Invalidation | Close back below key support ($1.77) |
For now, MCHX registers as a name to watch rather than to chase: the post-earnings volume spike and the miss versus consensus warrant closer monitoring of subsequent price action before drawing conclusions about trend direction. Watchers who track the setup should note the reference levels already in play — a $2.18 target on the upside and a $1.64 stop-loss on the downside from the $1.82 signal price — with a sustained close back below $1.77 seen as the point at which the current setup's thesis would break down.