Braze earnings date
Braze (K43) Q2 2027 Earnings Report
DE:K43 Q2 2027 EPS Results
- Actual EPS
- EUR 0.17
- Consensus EPS
- EUR 0.14
- Beat/Miss
- Beat by +EUR 0.03
- One Year Ago EPS
- EUR 0.14
DE:K43 Q2 2027 Revenue Results
- Actual Revenue
- EUR 206.13M
- Expected Revenue
- EUR 199.82M
- Beat/Miss
- Beat by +EUR 6.32M
- YoY Revenue Growth
- +26.16%
Earnings Announcement Details
- Quarter
- Q2 2027
- Date
- 09/08/2026
- Time
- After Close
- Conference Call
- Tuesday, September 8, 2026
Braze's next earnings date is estimated for December 8, 2026, based on past reporting schedules.
Q2 2027 Earnings Call Audio
Q2 2027 Earnings Slide Deck
Q2 2027 Earnings Call Summary
The call was strongly positive overall. Braze reported 26% year-over-year revenue growth, improving operating efficiency, record second-quarter free cash flow, healthy large-customer retention, strong bookings and accelerating adoption of its AI products. Management raised third-quarter and full-year revenue guidance and full-year operating income guidance. The main challenges were lower gross margin due to premium messaging and Decisioning Studio headcount, expected third-quarter margin pressure from Forge and events, cRPO moderation from seasonality and ongoing customer migration to new pricing packages. The stated achievements and growth trends significantly outweighed the disclosed challenges.
For the third quarter of fiscal 2027, Braze expects revenue to be in the range of $229 million to $230 million, representing a year-over-year growth rate of approximately 20% at the midpoint; third quarter non-GAAP operating income is expected to be in the range of $16 million to $17 million at the midpoint, implying a non-GAAP operating margin of approximately 7%, while third quarter non-GAAP net income is expected to be $15 million to $16 million and third quarter non-GAAP net income per share in the range of $0.13 to $0.14 per share based on approximately 114.5 million weighted average diluted shares outstanding during the period. For the full fiscal year 2027, total revenue is expected to be in the range of $910 million to $913 million, representing a year-over-year growth rate of approximately 23% at the midpoint; non-GAAP operating income is expected to be in the range of $75.5 million to $76.5 million, implying a non-GAAP operating margin of 8% at the midpoint, non-GAAP net income is expected to be in the range of $72.5 million to $73.5 million, and net income per share is expected to be $0.64 to $0.65 per share based on a full year weighted average diluted share count of approximately 114 million shares; professional services contribution is expected to range between 9% to 10% moving forward, with about 80% of the remaining customer base expected to migrate into the new packages over the next 6 quarters.
- Strong Second-Quarter Financial PerformanceRevenue increased 26% year-over-year and 8% sequentially to $227 million. Non-GAAP operating income rose to $22 million, or 9.7% of revenue, compared with $6 million, or 3.4% of revenue, in the prior-year quarter. Non-GAAP net income attributable to Braze shareholders was $21 million, or $0.19 per share, versus $17 million, or $0.15 per share, a year ago.
- Improved Operating Efficiency and ProfitabilityNon-GAAP operating margin improved by over 600 basis points year-over-year. Total non-GAAP operating expenses declined to 58.9% of revenue from 66% in the prior-year quarter, reflecting management's stated disciplined approach to balancing growth investments with long-term profitability targets.
- Raised Fiscal 2027 GuidanceManagement raised revenue guidance for the third quarter and full fiscal year and also raised full-year operating income guidance. Third-quarter revenue is expected to be $229 million to $230 million, representing approximately 20% year-over-year growth at the midpoint. Full-year revenue is expected to be $910 million to $913 million, representing approximately 23% year-over-year growth at the midpoint. Full-year non-GAAP operating income is expected to be $75.5 million to $76.5 million, implying an approximately 8% non-GAAP operating margin at the midpoint.
- Record Free Cash Flow and Strong LiquidityBraze generated record second-quarter free cash flow of $22 million, compared with $4 million in the prior-year quarter. Cash provided by operations was $24 million versus $7 million a year ago. The company ended the quarter with approximately $414 million in cash, cash equivalents, restricted cash and marketable securities.
- Customer and Large-Account GrowthTotal customers increased 15% year-over-year to 2,789 as of July 31, 2026, up 367 from the same period last year and up 76 from the prior quarter. Customers spending at least $500,000 annually increased 28% year-over-year to 361 and represented 65% of total ARR, compared with 62% in the same quarter last year.
- Healthy Net Retention and Expansion ActivityTrailing 12-month dollar-based net retention was 110% across all customers. Dollar-based net retention for large customers increased 100 basis points sequentially to 112%, up from 111% in the prior quarter. Management cited existing-customer expansions, renewals, expanded channel adoption, deeper data integrations, increased action-credit allocations and new Decisioning Studio use cases as drivers of upsell activity.
- Strong Bookings and Competitive WinsBookings were described as strong, driven by competitive takeaways from legacy marketing clouds, point solutions and a vendor-consolidation motion that continues to gain traction. Notable wins and expansions included Boots Thailand, Chime, David Jones, Foxtel Group, Insurify, Omaze U.K., Property Finder and Wilson Sporting Goods. Management also cited a global quick-service restaurant, an APAC bank, a European retailer and an American challenger bank graduating from legacy platforms to Braze.
- Accelerating BrazeAI AdoptionPaid adoption of Decisioning Studio, Agent Console, AI Item Recommendations and the Predictive Suite reached roughly one-third of the large-customer cohort in the second quarter, up about 900 basis points from the first quarter. BrazeAI Decisioning Studio contributed $6.6 million of quarterly revenue, implying organic year-over-year revenue growth of 24%. Management said enterprise customers are realizing ROI from the solutions and that adoption is accelerating.
- High Engagement with OperatorAlmost 80% of Braze accounts engaged with Operator more than 10 times during the last 90 days, and over half of those accounts used it more than 100 times during the same period. Management said Operator has driven record declines in customer support tickets while allowing premium support to focus on high-complexity challenges.
- Demonstrated Customer Productivity Gains from AIVirgin Media O2 used Operator to reduce campaign quality assurance from 6 hours to mere seconds and build iterations from 2 days to about 15 minutes. Motorway used Content Optimizer to generate a 114% lift in clicks and 37% more consumer car valuations in a single campaign. At a Braze hackathon, an Australian food and beverage brand used Operator to move from idea to implementation in about 10 minutes.
- Growing Agent Console and AI Ecosystem AdoptionMore than 650 customers have made their first agents using Agent Console. Operator can now build Canvases end-to-end, configure Agent Console and Content Optimizer steps, and navigate the Braze dashboard. Decisioning Studio is being integrated with customer data warehouses to support one-on-one personalization, while Agentic Standards is in beta to automate brand, content, tracking and compliance checks with audit logs and optional human sign-off.
- Broad Braze Data Platform PenetrationAmong large customers, 87% use the Braze data platform, 91% have adopted Canvas and 57% use cloud data ingestion. Data export adoption was also high: 96% use the SDK, 98% use REST APIs and 87% recapture Braze-generated data through Currents streaming or Snowflake data sharing.
- AWS Strategic Collaboration AgreementBraze signed a three-year strategic collaboration agreement with AWS that establishes a dedicated co-sell motion, joint go-to-market commitments and incentives for AWS sellers. Management said more customers are procuring Braze through AWS Marketplace and that the agreement should make that path easier while extending reach across international markets and industry verticals. Agent Console can run on Amazon Bedrock through the partnership.
- Strong Remaining Performance ObligationsTotal remaining performance obligations were $1.1 billion, up 27% year-over-year, while current RPO was $691 million, up 24% year-over-year. The increases were attributed to contract renewals, upsells and new customer contracts.
- Share Repurchases Completed and ContinuedBraze completed its $50 million accelerated share repurchase program in August, buying back approximately 2.1 million shares. Approximately $50 million remains under the Board's authorization, and management said it will continue reviewing capital allocation priorities and returning capital to shareholders when appropriate.
- Continued Investment in Growth Capacity and InnovationManagement said Braze remains committed to an ambitious AI innovation roadmap and is investing in Operator and BrazeAI more generally. The company is also beginning a hiring push for additional sales capacity ahead of next year while remaining on track for at least 400 basis points of operating margin improvement in fiscal 2027.
- Services Revenue Demand and Recurring MixSubscription revenue represented 91% of second-quarter revenue, while professional services and one-time configuration and onboarding fees represented 9%. Approximately 90% of professional services revenue is recurring and recognized ratably over the contract term. More than 80% of new Braze customers now use Braze-certified agency partners for long-term services engagements, and management expects professional services to represent 9% to 10% of revenue moving forward.
DE:K43 Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Dec 08, 2026 | 2027 (Q3) | 0.13- | 0.05 | ― | ― |
| Sep 08, 2026 | 2027 (Q2) | 0.140.17 | 0.14 | 26.67% (+0.04) | |
| May 27, 2026 | 2027 (Q1) | 0.090.09 | 0.06 | 42.86% (+0.03) | |
| Mar 24, 2026 | 2026 (Q4) | 0.130.09 | 0.11 | -16.67% (-0.02) | |
| Dec 09, 2025 | 2026 (Q3) | 0.060.05 | 0.02 | 200.00% (+0.04) | |
| Sep 04, 2025 | 2026 (Q2) | 0.030.14 | 0.08 | 66.67% (+0.05) | |
| Jun 05, 2025 | 2026 (Q1) | 0.040.06 | -0.05 | 240.00% (+0.11) | |
| Mar 27, 2025 | 2025 (Q4) | 0.050.11 | -0.04 | 400.00% (+0.15) | |
| Dec 09, 2024 | 2025 (Q3) | -0.010.02 | -0.05 | 140.00% (+0.06) | |
| Sep 05, 2024 | 2025 (Q2) | -0.030.08 | -0.04 | 325.00% (+0.12) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
