Guidewire Software is trading approximately 20% down at $162.50 after its September 3, 2026, fiscal fourth-quarter earnings release. - Revenue reached $411.1 million, beating analyst expectations of approximately $402.7 million. - Constant-currency ARR ended the year at approximately $1.24 billion, reflecting strong cloud momentum. - Despite revenue exceeding analyst estimates, investors appear to be reassessing the outlook or valuation, leading to the significant after-hours decline.