Block, Inc.'s stock surged 6.36% in pre-market trading following the release of its stronger-than-expected first-quarter financial results and an upward revision to its annual forecast.

The fintech company reported adjusted earnings per share of $0.85 for Q1 2026, significantly exceeding the analyst consensus estimate of $0.68. The strong performance was driven by resilient consumer spending and a 27% year-over-year increase in gross profit, fueled by double-digit growth in its core Cash App and Square businesses.

Furthermore, Block raised its full-year outlook, now expecting adjusted diluted EPS of $3.85, an uplift from its previous target. The company highlighted that AI integration has improved operational efficiency and customer engagement, contributing to the positive results. Analysts also responded positively, with several firms raising their price targets on the stock.