Key Points – Strong quarterly performance: Klaviyo’s Q2 revenue rose 26% year over year to $370.6 million, prompting the company to raise its full-year 2026 revenue outlook to $1.526 billion–$1.534 billion.
However, it reduced its operating-income forecast because of Agency acquisition costs and continued product investment. – AI adoption is accelerating: Klaviyo’s Composer AI agent surpassed 95,000 users in its first month, while Customer Agent adoption rose 40% quarter over quarter
The planned Agency acquisition is intended to speed development of these AI offerings. – Enterprise growth faces margin pressure: Customers generating at least $50,000 in annual recurring revenue grew 36%, and international revenue rose 35%, but gross margin fell to 73.4% as text-messaging usage, carrier fees and infrastructure investments increased costs. – 3 Unique AI Software Plays With Strong Analyst Support Klaviyo (NYSE:KVYO) reported second-quarter revenue of $370.6 million, up 26% from a year earlier, as the customer relationship management software provider cited growth in enterprise sales, international markets, text messaging and multi-product adoption. Co-founder and Co-CEO Andrew Bialecki said the company had reached nearly $1.5 billion in annualized revenue run rate and now serves more than 205,000 brands. Klaviyo also signed its largest contract to date during the quarter: an eight-figure, two-year agreement covering multiple products with a fast-growing e-commerce brand and TikTok Shop seller. – Is New IPO Instacart Already Hitting Speed Bumps?
The company raised its full-year revenue outlook following its second-quarter outperformance. Klaviyo now expects 2026 revenue of $1.526 billion to $1.534 billion, representing 24% year-over-year growth. However, it lowered its full-year non-GAAP operating income forecast to $212 million to $218 million, citing costs related to its acquisition of Agency and continued product investment.