Shopify (SHOP.N) shares rose 33.8% in U.S. premarket trading after the company said its Q3 revenue outlook implies just over 30% growth, above the Street’s ~27% consensus and marking a sixth consecutive quarter of >30% revenue growth. Analyst Anurag Rana said rising AI costs had been expected to compress margins entering the quarter; Shopify told investors in May that more than half its code is generated by AI.

2026-08-05

Shopify (SHOP.N) shares rose 33.8% in U.S. premarket trading after the company said its Q3 revenue outlook implies just over 30% growth, above the Street’s ~27% consensus and marking a sixth consecutive quarter of >30% revenue growth. Analyst Anurag Rana said rising AI costs had been expected to compress margins entering the quarter; Shopify told investors in May that more than half its code is generated by AI.