On August 7, Twilio rose 16.46% in pre-market trading, trading at $226.18/share, with turnover of $38,000. The surge was triggered by the company's second-quarter earnings report released after market close, which significantly exceeded Wall Street expectations on both top and bottom lines.

Twilio posted Q2 adjusted EPS of $1.47, beating the consensus estimate of $1.32, while revenue came in at $1.50 billion versus the expected $1.43 billion, representing approximately 22% year-over-year growth. For Q3, management guided adjusted EPS of $1.42 to $1.47 on revenue of $1.51 billion to $1.52 billion, both above analyst expectations of $1.40 EPS and $1.47 billion in revenue. This marks the third consecutive quarter of substantial beats, driven by robust AI-powered messaging and voice consumption demand. Prior to the report, multiple institutions had raised price targets, with Stifel upgrading to Buy at $260, Tigress at $255, and BofA at $235, reflecting broad institutional confidence in the company's execution trajectory.

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