Klaviyo (NYSE:KVYO) Issues Earnings Results, Meets Estimates

Klaviyo (NYSE:KVYO) released its earnings results on Wednesday. The company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19, FiscalAI reports. Klaviyo had a positive return on equity of 4.16% and a negative net margin of 0.66%.The firm had revenue of $370.58 million during the quarter, compared to analysts’ expectations of $362.08 million. During the same quarter in the prior year, the company earned $0.16 EPS. The company’s revenue was up 26.4% on a year-over-year basis.

Here are the key takeaways from Klaviyo’s conference call:

• Q2 revenue reached $370.6 million, up 26% year over year and ahead of guidance, driven by strength in text messaging, WhatsApp, Marketing Analytics, enterprise deals, and cross-selling.
• Klaviyo raised its full-year 2026 revenue guidance to $1.526 billion-$1.534 billion, or approximately 24% growth, reflecting broad momentum across enterprise, international, and multi-product adoption.
• Early adoption of AI products was strong, with Composer reaching more than 95,000 users and Customer Agent adoption increasing 40% quarter over quarter; management said these products are already generating measurable customer ROI and could become significant revenue drivers.
• Enterprise and international momentum continued, including major wins with Warner Music Group, Claire’s, the San Francisco 49ers, and Country Road Group; customers with at least $50,000 in ARR grew 36% year over year, while revenue outside the Americas rose 35%.
• Non-GAAP gross margin fell to 73.4% due to text-message mix, carrier fees, and infrastructure investments, while full-year operating-income guidance was reduced to $212 million-$218 million, partly reflecting $10 million-$12 million of Agency acquisition costs and additional product investment.

Klaviyo Trading Up 2.0%

NYSE KVYO opened at $19.48 on Thursday. The stock has a 50 day moving average of $16.18 and a 200-day moving average of $17.99. Klaviyo has a 12 month low of $12.53 and a 12 month high of $36.76. The company has a market cap of $5.83 billion, a PE ratio of -486.95 and a beta of 0.54.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on KVYO shares. Cantor Fitzgerald cut their price target on Klaviyo from $35.00 to $28.00 and set an “overweight” rating on the stock in a report on Wednesday, April 15th. Barclays dropped their target price on Klaviyo from $31.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Scotiabank set a $32.00 target price on Klaviyo in a research note on Wednesday, June 17th. Piper Sandler reduced their price target on Klaviyo from $30.00 to $26.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Klaviyo in a report on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $30.20.

Insider Activity

In related news, CEO Andrew Bialecki sold 212,529 shares of Klaviyo stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $14.61, for a total transaction of $3,105,048.69. Following the completion of the transaction, the chief executive officer owned 212,529 shares in the company, valued at approximately $3,105,048.69. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ledger Susan St. sold 9,334 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $14.27, for a total value of $133,196.18. Following the completion of the sale, the director owned 10,939 shares in the company, valued at approximately $156,099.53. This trade represents a 46.04% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 649,863 shares of company stock valued at $9,521,105. 37.42% of the stock is owned by company insiders.

Institutional Trading of Klaviyo

Several hedge funds have recently added to or reduced their stakes in KVYO. Caitong International Asset Management Co. Ltd increased its position in Klaviyo by 1,650.9% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 963 shares of the company’s stock worth $27,000 after buying an additional 908 shares during the period. Quarry LP bought a new stake in shares of Klaviyo in the third quarter valued at about $44,000. Osaic Holdings Inc. boosted its position in shares of Klaviyo by 317.0% in the second quarter. Osaic Holdings Inc. now owns 1,689 shares of the company’s stock valued at $55,000 after acquiring an additional 1,284 shares during the period. Lazard Asset Management LLC acquired a new position in shares of Klaviyo in the second quarter valued at about $124,000. Finally, Advisors Asset Management Inc. grew its stake in shares of Klaviyo by 29.5% in the fourth quarter. Advisors Asset Management Inc. now owns 4,171 shares of the company’s stock valued at $135,000 after acquiring an additional 951 shares in the last quarter. 45.43% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Klaviyo

Here are the key news stories impacting Klaviyo this week:

• Positive Sentiment: Klaviyo reported second-quarter revenue of $370.6 million, up 26.4% year over year and above analysts’ $362.1 million estimate. Adjusted earnings of $0.19 per share matched expectations and improved from $0.16 a year earlier. Klaviyo second-quarter earnings report
• Positive Sentiment: Management highlighted momentum in its autonomous B2C CRM strategy, including adoption of its Composer and Customer Agent products. The company said its real-time customer data infrastructure is helping support AI-driven consumer experiences. Klaviyo Q2 results and autonomous CRM strategy
• Positive Sentiment: Klaviyo agreed to acquire the team and technology of Agency, an AI-native customer-success startup founded by Elias Torres. Torres will become Klaviyo’s chief product officer and lead its agent product line, potentially accelerating product development; financial terms were not disclosed. Klaviyo Agency acquisition
• Neutral Sentiment: Third-quarter revenue guidance of $377 million to $381 million broadly brackets the $378.6 million analyst estimate, while full-year revenue guidance of approximately $1.5 billion was in line with consensus. The available guidance did not include an EPS figure. Klaviyo Q2 earnings estimates
• Neutral Sentiment: The earnings release met profit expectations rather than exceeding them, so the positive market reaction appears primarily tied to the revenue beat, sustained growth, and AI strategy rather than an upside EPS surprise. Klaviyo key earnings metrics

About Klaviyo

Klaviyo, Inc is a cloud-based marketing automation platform that enables businesses to leverage customer data for targeted email and SMS campaigns. The company’s platform centralizes first-party data from various sources—including e-commerce storefronts, websites, and CRM systems—to help organizations deliver personalized marketing across the customer lifecycle. Klaviyo’s core offerings include segmented email marketing, automated messaging workflows, and performance analytics designed to drive customer engagement and revenue growth.

The platform provides a suite of tools for campaign creation and management, including drag-and-drop email and SMS builders, dynamic content rendering, and A/B testing capabilities.