SAAS-GROWTHMay 8, 20261 min read13 views

The B2B Reacceleration Is Real, But Uneven. Twilio, Atlassian, Datadog, Cloudflare, and Palantir Just Proved It. HubSpot and Shopify Still Have To.

NOW LET US Article – The B2B Reacceleration Is Real, But Uneven. Twilio, Atlassian, Datadog, Cloudflare, and Palantir Just Proved It. HubSpot and Shopify Still Have To.

Recent earnings reports from major B2B players show a strong market recovery driven by AI, though growth remains uneven across the sector. While firms like Twilio and Datadog are seeing direct revenue gains from AI, others like HubSpot are still in the early stages of monetization.

Seven of the most-watched names in public B2B reported in the last few days. Growth is back for many: Twilio just hit its highest growth in three years, from single digits to 20%+, and accelerating. Atlassian jumped to 32% and the stock ripped 30% in a day. Datadog hit its first ever $1 billion quarter and the stock popped 28%. Cloudflare grew 34% AND announced a 1,100-person workforce cut to “go AI-first.” Palantir grew 85%, the fastest in its history as a public company. Shopify cleared $100B of GMV in a single quarter for the first time ever. While HubSpot and Shopify had a solid quarter, but didn’t show the forward acceleration the markets were hoping for. Both AI stories are still a work-in-progress. The markets sent Datadog up +20% and punished HubSpot -20%. Very bimodal. Net net five clean reaccelerations. Two strong-but-not-yet AI stories. The AI-killing-B2B narrative is dead. But the AI-revenue-driven-reacceleration narrative is still selective. Twilio went from 4% growth in Q2 2024 to 20% in Q1 2026. CEO Khozema Shipchandler called it the highest revenue and gross profit growth in more than three years. Atlassian was one of the most-shorted narratives of the last six months, but revenue hit $1.79B, up 32% YoY. Datadog reported its first $1B quarter with clean AI revenue links. HubSpot held the line at 18-19% growth, refuting the bear case of seat compression, but hasn't yet shown AI-driven acceleration. Cloudflare grew 34% and is restructuring its workforce to be AI-first.

Source: SaaStr

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