Revenue Acceleration
Twilio's Q1 FY2026 revenue reached $1.41B, up 20.0% YoY from $1.17B, indicating strong demand acceleration for its communications platform and customer engagement solutions.
来源: 10-Q Income Statement
该报告暂无中文版，以下为英文版分析。
按公开的固定规则计算，不是模型的主观判断——但其中一项输入（高等级风险的条数）取自下方的 AI 分析。
非投资建议，也不是目标价——评的是本季基本面，不是股价。 完整方法论 →
AI核心结论
Twilio delivered strong Q1 FY2026 results with revenue surging 20.0% YoY to $1.41B and operating income jumping 366.5% to $107.7M, reflecting significant operating leverage improvements even as gross margin edged slightly lower.
营收
14.07亿美元
同比 +20.00%
每股收益（稀释）
0.57美元
同比 +375.00%
毛利率
48.6%
同比 -1.0 个百分点
营业利润
1.08亿美元
同比 +366.45%
SEC XBRL 原值
Twilio (TWLO) Q1 FY2026 营收 14.07亿美元，同比增长 20.0%。 营业利润率 7.7%，较去年同期的 2.0% 扩大 5.7 个百分点。 经营活动现金流 1.53亿美元，同比下降 19.8%。 TWLO 的财年 Q1 FY2026 对应日历 Q1 2026。
近 4 个季度：4 次超预期
| 季度 | 实际 EPS（美元） | 市场预期（美元） | 结果 |
|---|---|---|---|
| 2026年6月 | 1.47 | 1.34 | 超预期 +9.3% |
| 2026年3月本次财报 | 1.50 | 1.30 | 超预期 +15.5% |
| 2025年12月 | 1.33 | 1.26 | 超预期 +5.5% |
| 2025年9月 | 1.25 | 1.11 | 超预期 +13.1% |
2026年3月 调整后（非 GAAP） EPS 1.50美元，分析师一致预期 1.30美元，超预期 +15.5%。 分析师一致预期按市场通行的调整后（非 GAAP）口径。本季 GAAP 稀释每股收益为 0.57美元。
由 AI 基于本次 SEC 报告整理
Twilio's Q1 FY2026 revenue reached $1.41B, up 20.0% YoY from $1.17B, indicating strong demand acceleration for its communications platform and customer engagement solutions.
来源: 10-Q Income Statement
Operating income surged 366.5% YoY to $107.7M, pushing operating margin from 1.97% to 7.65%, demonstrating meaningful progress in cost discipline and scaling efficiency relative to revenue growth.
来源: 10-Q Income Statement
R&D expense grew only 3.1% YoY to $262.2M despite 20% revenue growth, suggesting Twilio is achieving greater efficiency in its product development investments and prioritizing profitability.
来源: 10-Q Income Statement
Twilio doubled its share buyback activity to $253.0M in Q1 FY2026 vs. $126.3M in the prior year period, reflecting management's confidence in the business and commitment to returning capital to shareholders.
来源: 10-Q Cash Flow Statement
Gross margin declined modestly by approximately 1 percentage point YoY to 48.6% from 49.6%, as cost of revenue grew 22.3%—slightly faster than revenue growth of 20.0%—suggesting some mix shift or infrastructure cost pressures.
来源: 10-Q Income Statement
由 AI 基于本次 SEC 报告整理 · 高 1 中 3 低 1
Cost of revenue grew 22.3% YoY, outpacing revenue growth of 20.0%, causing gross margin to compress from 49.6% to 48.6%. If this trend continues, it could pressure profitability despite strong top-line growth.
来源: 10-Q Income Statement
Operating cash flow fell 19.8% YoY to $153.2M despite significantly higher net income of $90.1M, which may indicate working capital headwinds or timing differences in cash collections that warrant monitoring.
来源: 10-Q Cash Flow Statement
Financing cash outflows doubled YoY to $252.6M, almost entirely driven by share repurchases of $253.0M. While buybacks signal confidence, this aggressive pace reduces cash reserves and financial flexibility for potential acquisitions or investments.
来源: 10-Q Cash Flow Statement
Total assets declined 2.4% YoY to $9.58B while stockholders' equity fell 2.8% to $7.78B, likely reflecting amortization of intangible assets from prior acquisitions and ongoing buybacks reducing the equity base.
来源: 10-Q Balance Sheet
Twilio operates in a highly competitive cloud communications market facing pressure from large technology incumbents and specialized competitors. With long-term debt of $992.7M and a business model dependent on developer adoption and enterprise retention, any loss of market share could materially impact revenue growth.
来源: 10-Q Balance Sheet & Income Statement
| 指标 | 当期 | 上期 | 同比变化 |
|---|---|---|---|
营收 亿美元 | 14.07 亿美元 | 11.72 亿美元 | +20.00% |
营业成本 亿美元 | 7.23 亿美元 | 5.91 亿美元 | +22.30% |
毛利润 亿美元 | 6.84 亿美元 | 5.82 亿美元 | +17.66% |
营业利润 亿美元 | 1.08 亿美元 | 0.23 亿美元 | +366.45% |
净利润 万美元 | 9013.90 万美元 | 2001.70 万美元 | +350.31% |
每股收益（基本） 美元 | 0.59 美元 | 0.13 美元 | +353.85% |
每股收益（稀释） 美元 | 0.57 美元 | 0.12 美元 | +375.00% |
研发费用 亿美元 | 2.62 亿美元 | 2.54 亿美元 | +3.10% |
答案基于本次 SEC 报告与本页数据