Braze (BRZE) Shares Plunge 7.9% as Weak Profitability Overshadows Revenue Beat

Braze (NASDAQ:BRZE) shares dropped 7.9% on May 29, 2026, after the customer engagement platform reported mixed fiscal first-quarter results, with stronger-than-expected revenue eclipsed by disappointing profitability and a tepid full-year earnings outlook. Revenue rose 30.2% year-over-year to $211 million, beating Wall Street estimates, while adjusted earnings of $0.10 per share met consensus. However, adjusted operating income missed forecasts and gross margins contracted. The company raised its full-year revenue guidance but its earnings per share projection fell short of analyst expectations, triggering the sell-off. The stock, down 28.9% year-to-date, traded at $23.15 — 37.1% below its 52-week high of $36.80. The shares are notably volatile, with 39 moves exceeding 5% over the past year.