Q3 26 EPS
$0.06
MISS 8.26%
Est. $0.07
Q3 26 Revenue
$190.8M
BEAT +3.67%
Est. $184.1M
vs S&P Since Q3 26
-39.7%
TRAILING MARKET
BRZE -31.3% vs S&P +8.3%
Market Reaction
Did BRZE Beat Earnings? Q3 2026 Results
Braze delivered a mixed but largely encouraging fiscal third quarter of 2026, posting revenue of $190.84 million, a 25.5% year-over-year increase that cleared the $184.08 million consensus estimate by 3.67%, even as earnings came in slightly light. N… Read more Braze delivered a mixed but largely encouraging fiscal third quarter of 2026, posting revenue of $190.84 million, a 25.5% year-over-year increase that cleared the $184.08 million consensus estimate by 3.67%, even as earnings came in slightly light. Non-GAAP diluted EPS of $0.06 missed the $0.07 consensus by 8.26%, though the figure still represented meaningful improvement from $0.02 a year earlier, reflecting the company's ongoing push toward profitability. The standout driver behind the revenue beat was a combination of new customer wins, upsells, and renewals, with total customers growing 14% to 2,528 and large customers surging 29% to 303. Free cash flow swung sharply positive to $17.78 million from negative $14.25 million in the prior year, underscoring improving cash generation. Analysts have largely greeted the results with bullish sentiment, pointing to Braze's AI-powered platform capabilities as a key differentiator. Looking ahead, the company guided Q4 revenue of $197.50 million to $198.50 million and raised full-year fiscal 2026 revenue guidance to $730.50 million to $731.50 million.
Key Takeaways
- • 25.5% year-over-year revenue growth driven by new customers, upsells, and renewals
- • Total customer count grew 14% year-over-year to 2,528
- • Large customers (ARR $500K+) grew 29% year-over-year to 303
- • Non-GAAP operating income swung to $5.1 million from a loss of $2.2 million year-over-year
- • Free cash flow improved to $17.8 million from negative $14.2 million year-over-year
- • Record 102.5 billion messages delivered during Cyber Week with 100% uptime
BRZE YoY Financials
Q3 2026 vs Q3 2025, source: SEC Filings
BRZE Revenue by Segment
With YoY comparisons, source: SEC Filings
“This was another standout quarter for Braze, with 25.5% revenue growth and strong profitability, proving the strength of our model. We introduced a wave of innovation across BrazeAI™, including BrazeAI Operator™, BrazeAI Agent Console™ and BrazeAI Decisioning Studio™, fundamentally rewriting the rules of customer engagement. The new BrazeAI™ is a force multiplier for both marketers and consumers, delivering smarter, more adaptive, and increasingly autonomous capabilities. Marketers now have the flexibility to orchestrate personalized, high-impact experiences through composable intelligence, and as consumers we are surprised and delighted with experiences that feel thoughtful, connected and tailored just for us.”
— Bill Magnuson, Q3 2026 Earnings Press Release
BRZE Earnings Trends
BRZE vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
BRZE EPS Trend
Earnings per share: estimate vs actual
BRZE Revenue Trend
Quarterly revenue: estimate vs actual
BRZE Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 27 MISS | $0.10 | $0.10 | -3.85% | $211.0M | +2.82% |
| Q4 26 MISS FY | $0.14 | $0.10 | -27.48% | $205.2M | +3.50% |
| FY Full Year | $0.42 | $0.38 | -9.70% | $738.2M | +0.95% |
| Q3 26 MISS | $0.07 | $0.06 | -8.26% | $190.8M | +3.67% |
| Q2 26 BEAT | $0.03 | $0.15 | +398.34% | $180.1M | +4.94% |
| Q1 26 BEAT | $0.05 | $0.07 | +50.86% | $162.1M | +2.17% |