Shopify Guides for Low-30s Revenue Growth in Q3, Extending Momentum
SHOP sits 62% above its 52-week low of $94 on elevated volume (2.0× avg).
Summary
Shopify issued Q3 2026 guidance alongside its Q2 report, projecting revenue growth in the low-thirties percent range and gross profit growth in the mid-to-high twenties. This follows Q2 revenue of $3.58 billion, up 34% year-over-year, and signals sustained momentum. The outlook reinforces the company's ability to maintain high growth rates at scale, supported by a $3.1 billion buyback program. With shares already up 11.6% in late July on tech strength, this guidance provides a concrete near-term target for investors.
At the time of this announcement, SHOP was trading at $152.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $160B. The 52-week trading range was $94.00 to $182.19. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.