Quarterly ResultAug 4, 2026, 06:31 AM
Wix Q2 Revenue $563M, Bookings $569M; Base44 LLM Boosts Margins
AI Summary
Wix.com Ltd. reported strong second quarter 2026 results, with revenue up 15% to $563.1 million and bookings up 12% to $569.1 million. The company launched Base 1, Base44's proprietary LLM, which is expected to significantly improve Base44's non-GAAP gross margin to approximately 60% in the second half of 2026 from near-zero. Wix reiterated its full-year 2026 outlook for low-to-mid-teens revenue growth and low-teens bookings growth, planning to reinvest AI cost savings into Base44 marketing.
Key Highlights
- Q2 2026 revenue increased 15% year-over-year to $563.1 million.
- Q2 2026 bookings grew 12% year-over-year to $569.1 million.
- Base44 launched Base 1, its proprietary LLM, to control AI costs.
- Base44 non-GAAP gross margin is expected to reach ~60% in 2H 2026, up from near-zero.
- Q2 GAAP net loss was $76.4 million, or $1.78 per basic and diluted share.
- Q2 non-GAAP net income was $68.2 million, or $1.39 per diluted share.
- Q2 free cash flow was $52.6 million, or $61.2 million excluding restructuring costs.
- Reiterated full-year 2026 revenue growth outlook of low-to-mid-teens percentage.
Price Impact
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