Shopify (SHOP) Is Down 13.4% After AI-Fueled Q1 Beat and Strong Q2 Growth Outlook - What's Changed (opens in new tab)

In early May 2026, Shopify reported first-quarter results showing revenue of US$3.17 billion and sales of US$2.42 billion, while narrowing its net loss to US$581 million and modestly improving loss per share from continuing operations. Management also outlined expectations for high-twenties percentage revenue growth in the second quarter and highlighted rapid uptake of its AI-powered tools, which are driving higher store traffic and order volumes across its merchant base. We’ll now examine...