Shares of Braze, Inc. (BRZE) surged 12.81% in pre-market trading on Friday, following the cloud-based software company's impressive fourth-quarter results, upbeat fiscal year 2026 guidance, and announcement of a strategic acquisition.
Braze reported better-than-expected fiscal Q4 earnings of $0.12 per share, significantly outperforming analyst estimates of $0.05. The company's revenue reached $160.4 million, surpassing the consensus forecast of $155.72 million. This strong performance was driven by new customer acquisitions, contract renewals, and successful upselling to existing clients.
Adding to investor enthusiasm, Braze provided a positive outlook for fiscal year 2026, forecasting revenue between $686 million and $691 million, exceeding analyst expectations of $688.07 million. The company also announced its agreement to acquire OfferFit, an AI decisioning company, for $325 million. This strategic move is expected to enhance Braze's AI capabilities in customer engagement, further solidifying its position as a leading Customer Engagement platform.