Twilio

Q2 FY2026 EarningsQ2 FY26 results significantly beat consensus, with revenue reaching $1,499M (+22% YoY) vs. $1,430M expected. While GAAP EPS of $6.68 was heavily inflated by a $944M one-time tax valuation allowance release, normalized EPS of $1.32 remained at the top end of expectations. A Dollar-Based Net Expansion (DBNE) of 116% and strong free cash flow of $353M underscore resilient AI-driven customer engagement, despite a $32.8M impairment on prepaid network assets.