Klaviyo, Inc. is expected to report Q3 2026 revenue of $380.02 million and non-GAAP EPS of $0.17, while the stock currently trades at $21.83 compared to an average analyst target of $26.43.
Investors are primarily tracking the platform’s Net Revenue Retention (NRR), which recently dipped to 109%, as a signal of enterprise health and cross-sell momentum.
Concerns persist regarding gross margin compression from higher SMS carrier fees, though the company recently raised its full-year outlook following strong enterprise traction. Analysts are also watching for initial revenue contributions from the newly launched "Composer AI" product as Klaviyo shifts toward an autonomous CRM model.