HubSpot Inc. (NYSE: HUBS) stock rose Thursday after the software company announced a major leadership shake-up and reaffirmed its fourth-quarter and full-year 2026 financial guidance.

Co-founder Brian Halligan returned as CEO, replacing Yamini Rangan, who stepped down Thursday after leading the company since September 2021.

Rangan also resigned from the board but will remain with HubSpot through Dec. 1 to support the transition.

HubSpot Co-Founder Returns To Lead AI Transformation

Halligan co-founded HubSpot in 2005 with Chief Technology Officer Dharmesh Shah and served as CEO for 16 years.

He plans to reshape the company's products, sales strategy and culture as artificial intelligence transforms customer relationship management.

“This is a refounding, and I can’t wait to start!” Halligan said.

Under Rangan, HubSpot expanded its customer base from 135,000 to more than 311,000. Annual revenue grew from $1.3 billion in 2021 to an expected $3.7 billion in 2026.

Adobe Executive Named Next CFO

HubSpot also announced that Chief Financial Officer Kate Bueker will retire Feb. 11, 2027.

Karen Burgess, a senior finance executive at Adobe Inc. (NASDAQ: ADBE), will join HubSpot on Nov. 30 and become CFO in February.

Burgess brings more than 20 years of software finance experience.

HubSpot Reaffirms 2026 Financial Guidance

HubSpot reaffirmed its fourth-quarter and full-year guidance, originally issued Nov. 4.

The company recently reported third-quarter adjusted earnings of $3.81 per share, beating analysts’ estimate of $3.27. Revenue reached $947.565 million, exceeding expectations of $924.785 million.

For the fourth quarter, HubSpot expects adjusted earnings of $3.85 to $3.87 per share, below the $4.09 consensus estimate.

Revenue guidance stands at $945 million to $947 million, compared with analysts’ expectations of $964.83 million.

For 2026, HubSpot expects adjusted earnings of $13.59 to $13.61 per share, up from its previous guidance of $13.23 to $13.31.

The company also raised its annual revenue outlook to $3.685 billion to $3.687 billion, compared with its earlier guidance of $3.678 billion to $3.686 billion.

HUBS Price Action: HubSpot shares were up 7.06% at $217.20 at the time of publication on Thursday, according to market data.