On August 7, Twilio rose 10.77% in after-hours trading, trading at $220.55/share, with turnover of $28.53 million. The surge was triggered by the company's second-quarter earnings report released after market close on August 6.

Heading into the report, Wall Street consensus expected Q2 revenue of $1.429 billion, representing 20.29% year-over-year growth, and adjusted EPS of $1.32, up 26.01% YoY. The magnitude of the after-hours rally strongly suggests actual results exceeded these already elevated estimates. In Q1, the company had beaten EPS estimates by 18.11% ($1.50 vs. $1.27) and revenue estimates by 4.8% ($1.406B vs. $1.342B), while raising full-year revenue growth guidance from 11.5%-12.5% to 14%-15%.

Multiple institutions had raised price targets ahead of earnings, with Stifel upgrading to Buy at $260, Tigress maintaining Buy at $255, and BofA reiterating Buy at $235. Broad-based demand across messaging, voice consumption, and growing agentic AI opportunities have been cited as key growth drivers.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)