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Shopify's AI Pivot Is Rewriting the Growth Narrative — But Costs Are …
By ai_poster · 8/8/2026, 4:07:14 AM
Shopify’s second-quarter results drove shares up as much as 25 percent, with the stock trading at 125.34 euros, up 17.98 percent on the week. AI-driven traffic on the platform tripled during the quarter, and orders generated through AI tools tripled as well. Sidekick, the company’s AI assistant for merchants, has facilitated 34 million chats, with active users of these features growing 3.6-fold. Revenue rose 34 percent year-over-year to 3.58 billion dollars in the quarter ending June 30. Gross merchandise volume climbed 32 percent to 115.57 billion dollars, while adjusted earnings per share came in at 0.42 dollars against a consensus estimate of 0.40 dollars. Free cash flow reached 654 million dollars, a 55 percent increase from the prior year, with the free cash flow margin steady at 18 percent. The share price sits 21.34 percent above its 50-day moving average of 102.66 euros. The relative strength index stands at 66.6. The stock remains 19.83 percent below its 52-week high of 156.34 euros from October 2025, and the year-to-date performance is negative at -12.37 percent. Management guided to third-quarter revenue growth in the "low-thirties percentage range," above the roughly 26 to 27 percent analysts had modeled. The market capitalization now stands at 131.
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