Braze Reports 24% Q2 Revenue Growth Beats Estimates

Braze, Inc. reported strong financial results for Q2 2026, with revenue reaching $180.1 million, a 24% increase year-over-year, surpassing analyst expectations. The company posted an adjusted earnings per share of $0.15, significantly beating estimates and marking a 400% earnings surprise. Management raised full-year revenue guidance to $718.5 million and adjusted EPS guidance to $0.42, reflecting confidence in continued growth driven by AI integration and new customer acquisitions. Despite operating margins declining and free cash flow margins shrinking, Braze's customer base expanded to 2,422 with a net revenue retention rate of 108%. Analysts maintain an "Outperform" rating with an average price target implying substantial upside from current stock prices. Overall, Braze's strong revenue growth, technological advancements, and optimistic guidance suggest positive momentum in the customer engagement platform market.