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Q1 26 EPS
$1.50
BEAT +17.82%
Est. $1.27
Q1 26 Revenue
$1.41B
BEAT +4.54%
Est. $1.35B
vs S&P Since Q1 26
+31.3%
BEATING MARKET
TWLO +33.1% vs S&P +1.8%
Market Reaction
Did TWLO Beat Earnings? Q1 2026 Results
Twilio kicked off fiscal 2026 with a notably strong first quarter, posting revenue of $1.41 billion, up 20% year-over-year and ahead of the $1.35 billion consensus by 4.54%, while non-GAAP EPS of $1.50 beat the $1.27 estimate by 17.82%. The company d… Read more Twilio kicked off fiscal 2026 with a notably strong first quarter, posting revenue of $1.41 billion, up 20% year-over-year and ahead of the $1.35 billion consensus by 4.54%, while non-GAAP EPS of $1.50 beat the $1.27 estimate by 17.82%. The company described the quarter as its highest revenue and gross profit growth rates in more than three years, a momentum CEO Khozema Shipchandler tied directly to a multi-year transformation in innovation velocity and go-to-market efficiency as Twilio repositions itself as foundational AI-era infrastructure. Profitability metrics reinforced the narrative, with GAAP operating income surging to $107.67 million from $29.09 million a year ago and the Dollar-Based Net Expansion Rate improving to 114% from 107%, signaling deepening customer engagement. The strong results prompted Twilio to raise its full-year 2026 guidance, now calling for reported revenue growth of 14% to 15% and non-GAAP operating income of $1.08 billion to $1.10 billion, even as notable insider share sales near the stock's 52-week high drew some attention from investors.
Key Takeaways
- • 20% reported revenue growth and 16% organic revenue growth year-over-year
- • Dollar-Based Net Expansion Rate improved to 114% from 107% year-over-year
- • GAAP income from operations grew 366% year-over-year
- • Non-GAAP operating margin expanded to 20% from 18% year-over-year
- • Stock-based compensation as a percentage of revenue declined to 10% from 12%
TWLO Forward Guidance & Outlook
For Q2 2026, Twilio guided revenue of $1.420 billion to $1.430 billion (15.5%-16.5% reported growth, 10%-11% organic growth), non-GAAP income from operations of $250-$260 million, and non-GAAP diluted EPS of $1.27-$1.32. For full-year 2026, Twilio raised reported revenue growth guidance to 14%-15% (from 11.5%-12.5%), organic revenue growth to 9.5%-10.5% (from 8%-9%), non-GAAP income from operations to $1.08-$1.10 billion (from $1.04-$1.06 billion), and free cash flow to $1.08-$1.10 billion (from $1.04-$1.06 billion). Non-GAAP gross profit growth is expected to be similar to organic revenue growth.
TWLO YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
TWLO Revenue by Segment
With YoY comparisons, source: SEC Filings
“Q1 was a milestone quarter for Twilio, marked by our highest revenue and gross profit growth rates in more than three years.”
— Khozema Shipchandler, Q1 2026 Earnings Press Release
TWLO Earnings Trends
TWLO vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
TWLO EPS Trend
Earnings per share: estimate vs actual
TWLO Revenue Trend
Quarterly revenue: estimate vs actual
TWLO Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $1.27 | $1.50 | +17.82% | $1.41B | +4.54% |
| Q4 25 BEAT FY | $1.23 | $1.33 | +8.15% | $1.37B | +3.72% |
| FY Full Year | $4.79 | $4.89 | +2.04% | $5.07B | +0.97% |
| Q3 25 BEAT | $1.07 | $1.25 | +17.00% | $1.30B | +3.83% |
| Q2 25 BEAT | $1.05 | $1.19 | +13.26% | $1.23B | +3.54% |
| Q1 25 BEAT | $0.96 | $1.14 | +18.59% | $1.17B | +2.98% |
| Q4 24 MISS FY | $1.03 | $1.00 | -3.21% | $1.19B | +1.07% |
| FY Full Year | $3.69 | $3.67 | -0.51% | $4.46B | +0.33% |