Update: Braze Shares Fall After Fiscal Q2 Results

02:34 PM EDT, 09/09/2026 (MT Newswires) -- (Updates with the company's stock move in the headline and in the first paragraph.) Braze (BRZE) shares were down 20% in Wednesday trading after the company reported its fiscal Q2 results and raised its guidance for fiscal 2027 late Tuesday. The customer engagement platform posted quarterly adjusted earnings of $0.19 per diluted share, up from $0.15 a year earlier. Analysts polled by FactSet expected $0.15. Revenue for the quarter ended July 31 was $227.2 million, up from $180.1 million a year earlier. Analysts expected $220.3 million. For fiscal Q3, the company expects adjusted EPS of $0.13 to $0.14 on revenue of $229 million to $230 million. Analysts expect $0.16 and $227.5 million, respectively. For fiscal 2027, the company now expects adjusted EPS of $0.64 to $0.65 on revenue of $910 million to $913 million. It previously expected adjusted EPS of $0.61 to $0.65 on revenue of $895 million to $899 million. Analysts expect $0.63 and $898.2 million, respectively. Price: 24.26, Change: -6.06, Percent Change: -19.98