Klaviyo Sees Q2 Revenue of $359M-$363M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 05 2026
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Should l Buy KVYO?
Klaviyo sees Q2 revenue $359M-$363M, consensus $360.1M
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Analyst Views on KVYO
Wall Street analysts forecast KVYO stock price to rise
17 Analyst Rating
17 Buy
0 Hold
0 Sell
Strong Buy
Current: 14.610
Low
35.00
Averages
42.40
High
46.00
Current: 14.610
Low
35.00
Averages
42.40
High
46.00
About KVYO
Klaviyo, Inc. provides a customer relationship management (CRM) platform for business-to-consumer (B2C) brands. The Company, through its built-in data platform and artificial intelligence (AI) insights, combines marketing automation, analytics, and customer service into one unified solution, making it easy for businesses to know their customers. The Company’s marketing automation solution allows customers to orchestrate campaigns across multiple marketing channels including email, short message service and mobile push. Its platform solutions include Klaviyo B2C CRM, Klaviyo Marketing, Klaviyo Service, Klaviyo Analytics, Klaviyo Data Platform, and Klaviyo AI. The Klaviyo B2C CRM is a platform built for consumer brands. Its platform serves businesses of all sizes, across industries and geographies. Its platform solution also includes Gatsby, a social automation product that helps brands convert engagement over social channels into owned customer relationships.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Goldman Sachs: Application Software Stocks' Recovery Lacks Durability
- Market Performance Analysis: Goldman Sachs reports that the median application software stock is down 38% year-to-date in 2026, with two short-lived recoveries of 14% from February 23 to March 6 and 22% from April 10 to mid-May, indicating a lack of sustained upward momentum in the market.
- AI-Driven Growth Expectations: The analyst notes that while there are signs of progress among software vendors, including leadership changes and product refinements, consistent AI-driven performance is not expected until 2027, with many companies warning that monetization timelines will extend 12 to 18 months, impacting short-term investment decisions.
- Investor Confidence Key: Goldman emphasizes that whether AI revenue adds to overall company growth rather than merely displacing existing software budgets is crucial for investor sentiment, as positive market reactions will only occur if AI revenues are seen as additive to overall growth.
- Identifying Unique Opportunities: The bank flags Microsoft and ServiceNow as idiosyncratic investment opportunities, but cautions that a new cohort of value-focused investors requires evidence of positive fundamental catalysts before adopting a constructive outlook, indicating a high expectation for fundamental improvements in the market.
See More
Klaviyo Reports 28% Revenue Growth in Q1 2026
- Significant Revenue Growth: Klaviyo reported Q1 2026 revenue of $358 million, reflecting a 28% year-over-year increase, indicating strong performance in the consumer brand CRM market and presenting a potential buying opportunity for investors.
- Customer Base Expansion: The customer count grew to approximately 196,000, with net revenue retention rising by 2 points to 110%, demonstrating that existing customers are increasing their spending, which enhances the company's revenue stability.
- Share Buyback Implementation: Klaviyo announced a $500 million share repurchase authorization alongside the completion of a $100 million accelerated buyback, signaling a strong financial position and a transition towards a more stable financial model.
- Market Competition Risks: Despite a 39% growth in international markets, Klaviyo's customer base remains concentrated in the Shopify ecosystem, meaning any significant changes at Shopify could pose challenges, while competition from Salesforce and HubSpot continues to intensify.
See More
Glynn Capital Fully Exits Klaviyo Position
- Exit Transaction: Glynn Capital Management sold all 456,805 shares of Klaviyo in Q1, with an estimated transaction value of $9.80 million, reflecting a cautious outlook on market conditions.
- Position Change: This sale reduced Glynn Capital's position in Klaviyo to zero, resulting in a $14.83 million decline in portfolio value, indicating a significant loss of confidence in the company.
- Performance Discrepancy: Despite Klaviyo reporting a 28% year-over-year revenue increase to $358 million, the stock plummeted 32% following the earnings report on May 5, suggesting that market expectations were overly optimistic.
- Cash Flow Status: Klaviyo still holds nearly $985 million in cash, and despite facing valuation pressures and uncertainty from the CFO's resignation, its improving margins and strong customer retention rates present potential opportunities for long-term investors.
See More
Glynn Capital Management Exits Klaviyo Position Before Earnings Drop
- Exit Transaction: Glynn Capital Management sold all 456,805 shares of Klaviyo in Q1 2026, with an estimated transaction value of $9.80 million, reflecting a cautious stance on market prospects.
- Value Decline: The sale and stock price movement resulted in a $14.83 million decline in Glynn's Klaviyo position value, indicating the company's unfavorable performance in the market.
- Performance Discrepancy: Despite Klaviyo's revenue increasing by 28% year-over-year to $358 million and non-GAAP operating income nearly doubling to $58.6 million, the stock plummeted 32% post-earnings, highlighting valuation pressures.
- Future Outlook: Klaviyo still holds nearly $985 million in cash, and despite stock volatility, long-term investors may find the current low price point offers a more attractive investment opportunity.
See More
Glynn Capital Sells Klaviyo Shares in Q1
- Share Sale Details: Glynn Capital sold 456,805 shares of Klaviyo in Q1, with an estimated transaction value of $9.80 million, showcasing the fund's strategic timing in response to market conditions.
- Asset Management Impact: This sale resulted in a $14.83 million decline in the value of Glynn Capital's position in Klaviyo, indicating a weakening market confidence that adversely affected the fund's overall assets under management.
- Performance Reaction: Klaviyo's earnings report on May 5 revealed a 28% year-over-year revenue increase to $358 million; however, the stock plummeted 32%, highlighting investor concerns over valuation despite strong financial results.
- Future Outlook: While Klaviyo maintains nearly $985 million in cash and strong customer retention metrics, the market's diminished growth expectations necessitate a cautious approach for potential investors considering the stock's recent volatility.
See More
Klaviyo Integrates with Anthropic to Enhance Marketing Efficiency
- Agentic Marketing Workflows: Klaviyo's integration with Anthropic's Claude enables brands to quickly generate marketing reports and insights through natural language, significantly enhancing customer data processing efficiency and allowing brands to respond faster to customer needs in a competitive market.
- Data-Driven Decision Making: The new Klaviyo MCP connector allows brands to securely access critical data across the customer lifecycle, enabling marketing teams to generate performance summaries and customer segments in real-time, reducing manual reporting time and improving decision accuracy.
- Automated Workflows: The introduction of Claude Cowork allows marketers to automate document and marketing asset generation in a single session, significantly reducing repetitive workload and enhancing productivity, enabling teams to focus more on strategic tasks.
- Cross-Industry Applications: Klaviyo's integration extends beyond retail, as the hospitality sector can leverage this technology to analyze customer engagement data and develop targeted re-engagement campaigns, thereby optimizing marketing strategies and supporting broader business decision-making.
See More
Goldman Sachs: Application Software Stocks' Recovery Lacks Durability
- Market Performance Analysis: Goldman Sachs reports that the median application software stock is down 38% year-to-date in 2026, with two short-lived recoveries of 14% from February 23 to March 6 and 22% from April 10 to mid-May, indicating a lack of sustained upward momentum in the market.
- AI-Driven Growth Expectations: The analyst notes that while there are signs of progress among software vendors, including leadership changes and product refinements, consistent AI-driven performance is not expected until 2027, with many companies warning that monetization timelines will extend 12 to 18 months, impacting short-term investment decisions.
- Investor Confidence Key: Goldman emphasizes that whether AI revenue adds to overall company growth rather than merely displacing existing software budgets is crucial for investor sentiment, as positive market reactions will only occur if AI revenues are seen as additive to overall growth.
- Identifying Unique Opportunities: The bank flags Microsoft and ServiceNow as idiosyncratic investment opportunities, but cautions that a new cohort of value-focused investors requires evidence of positive fundamental catalysts before adopting a constructive outlook, indicating a high expectation for fundamental improvements in the market.
See More
Klaviyo Reports 28% Revenue Growth in Q1 2026
- Significant Revenue Growth: Klaviyo reported Q1 2026 revenue of $358 million, reflecting a 28% year-over-year increase, indicating strong performance in the consumer brand CRM market and presenting a potential buying opportunity for investors.
- Customer Base Expansion: The customer count grew to approximately 196,000, with net revenue retention rising by 2 points to 110%, demonstrating that existing customers are increasing their spending, which enhances the company's revenue stability.
- Share Buyback Implementation: Klaviyo announced a $500 million share repurchase authorization alongside the completion of a $100 million accelerated buyback, signaling a strong financial position and a transition towards a more stable financial model.
- Market Competition Risks: Despite a 39% growth in international markets, Klaviyo's customer base remains concentrated in the Shopify ecosystem, meaning any significant changes at Shopify could pose challenges, while competition from Salesforce and HubSpot continues to intensify.
See More
Glynn Capital Fully Exits Klaviyo Position
- Exit Transaction: Glynn Capital Management sold all 456,805 shares of Klaviyo in Q1, with an estimated transaction value of $9.80 million, reflecting a cautious outlook on market conditions.
- Position Change: This sale reduced Glynn Capital's position in Klaviyo to zero, resulting in a $14.83 million decline in portfolio value, indicating a significant loss of confidence in the company.
- Performance Discrepancy: Despite Klaviyo reporting a 28% year-over-year revenue increase to $358 million, the stock plummeted 32% following the earnings report on May 5, suggesting that market expectations were overly optimistic.
- Cash Flow Status: Klaviyo still holds nearly $985 million in cash, and despite facing valuation pressures and uncertainty from the CFO's resignation, its improving margins and strong customer retention rates present potential opportunities for long-term investors.
See More
Glynn Capital Management Exits Klaviyo Position Before Earnings Drop
- Exit Transaction: Glynn Capital Management sold all 456,805 shares of Klaviyo in Q1 2026, with an estimated transaction value of $9.80 million, reflecting a cautious stance on market prospects.
- Value Decline: The sale and stock price movement resulted in a $14.83 million decline in Glynn's Klaviyo position value, indicating the company's unfavorable performance in the market.
- Performance Discrepancy: Despite Klaviyo's revenue increasing by 28% year-over-year to $358 million and non-GAAP operating income nearly doubling to $58.6 million, the stock plummeted 32% post-earnings, highlighting valuation pressures.
- Future Outlook: Klaviyo still holds nearly $985 million in cash, and despite stock volatility, long-term investors may find the current low price point offers a more attractive investment opportunity.
See More
Glynn Capital Sells Klaviyo Shares in Q1
- Share Sale Details: Glynn Capital sold 456,805 shares of Klaviyo in Q1, with an estimated transaction value of $9.80 million, showcasing the fund's strategic timing in response to market conditions.
- Asset Management Impact: This sale resulted in a $14.83 million decline in the value of Glynn Capital's position in Klaviyo, indicating a weakening market confidence that adversely affected the fund's overall assets under management.
- Performance Reaction: Klaviyo's earnings report on May 5 revealed a 28% year-over-year revenue increase to $358 million; however, the stock plummeted 32%, highlighting investor concerns over valuation despite strong financial results.
- Future Outlook: While Klaviyo maintains nearly $985 million in cash and strong customer retention metrics, the market's diminished growth expectations necessitate a cautious approach for potential investors considering the stock's recent volatility.
See More
Klaviyo Integrates with Anthropic to Enhance Marketing Efficiency
- Agentic Marketing Workflows: Klaviyo's integration with Anthropic's Claude enables brands to quickly generate marketing reports and insights through natural language, significantly enhancing customer data processing efficiency and allowing brands to respond faster to customer needs in a competitive market.
- Data-Driven Decision Making: The new Klaviyo MCP connector allows brands to securely access critical data across the customer lifecycle, enabling marketing teams to generate performance summaries and customer segments in real-time, reducing manual reporting time and improving decision accuracy.
- Automated Workflows: The introduction of Claude Cowork allows marketers to automate document and marketing asset generation in a single session, significantly reducing repetitive workload and enhancing productivity, enabling teams to focus more on strategic tasks.
- Cross-Industry Applications: Klaviyo's integration extends beyond retail, as the hospitality sector can leverage this technology to analyze customer engagement data and develop targeted re-engagement campaigns, thereby optimizing marketing strategies and supporting broader business decision-making.
See More
