Klaviyo Q2 revenue beats estimates; FY26 outlook lifted

Klaviyo

05/08/2026 21:40

Overview
US B2C CRM platform's Q2 revenue rose 26% yr/yr, beating analyst expectations
Adjusted EPS for Q2 beat analyst expectations
Company raised FY26 revenue guidance to $1.526 bln-$1.534 bln, up 24% yr/yr

Outlook
Klaviyo raises FY26 revenue guidance to $1.526 bln-$1.534 bln, up 24% year-over-year
Company expects Q3 FY26 revenue between $377 mln and $381 mln, growth of 21.5%-22.5%
Company says broad-based strength across enterprise, international, and multi-product supports outlook

Result Drivers
ENTERPRISE AND MULTI-PRODUCT ADOPTION - Co said Q2 growth was driven by strength across enterprise, international, and multi-product adoption
AI PRODUCT ADOPTION - Co cited strong adoption of Composer and Customer Agent products, and new AI integrations as growth drivers
CUSTOMER EXPANSION AND RETENTION - Net revenue retention rose to 109%, driven by customer expansions, cross-sell, and strong retention

Company press release: ID:nBwbT63xva

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$370.60 mln
$362.11 mln (20 Analysts)
Q2 Net Loss
 
$8.85 mln
 
Q2 Gross Profit
 
$269.10 mln
 
Q2 Pretax Loss
 
$7.11 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 22 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Klaviyo, Inc. is $29.00, about 51.8% above its August 4 closing price of $19.10
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 23 three months ago

Reuters Recommended Reads
Aug 4 - Zeta Global beats Q2 revenue estimates on AI infrastructure demand; hikes forecast
Aug 5 - Shopify Q2 revenue rises 34% on broad GMV growth
Aug 3 - Snap beats revenue estimates on ad boost from World Cup, shares surge

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)