Shopify Inc. (NASDAQ:SHOP) stock rose Wednesday after the e-commerce software company reported second-quarter fiscal 2026 results that beat Wall Street expectations and issued third-quarter revenue guidance above estimates.
The company reported adjusted earnings of 42 cents per share, topping the analyst consensus estimate of 40 cents. Revenue increased 34.3% year over year to $3.58 billion, exceeding the consensus estimate of $3.45 billion.
The results eased investor concerns about AI-related spending and increasing competition.
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Adjusted net income increased to $439 million from $338 million a year earlier.
