Shares extended their post-earnings rally after the cloud communications company topped second-quarter estimates, raised its full-year 2026 growth outlook and drew a broader round of analyst price-target increases.
Twilio shares extended their post-earnings rally after the company reported second-quarter revenue of $1.50 billion and adjusted earnings of $1.47 per share, beating Wall Street estimates of $1.43 billion and $1.32, respectively, as revenue rose 22% from a year earlier. Operating cash flow reached a record $372.4 million and free cash flow totaled a record $352.6 million, while Twilio repurchased $66 million of stock and had $826 million remaining under its buyback authorization as of June 30. The company forecast third-quarter revenue of about $1.505 billion to $1.515 billion and adjusted earnings of $1.42 to $1.47 per share, then raised its full-year 2026 revenue growth outlook to 18% to 18.5% from 14% to 15%. Analysts including BTIG, Needham, Rosenblatt, Keybanc, Oppenheimer, Citizens and Wells Fargo lifted price targets after the results, and market commentary pointed to an overbought but still constructive technical setup.