Pinterest, Inc.

Q2 FY26Interactive Media and Services

Pinterest, Inc. Q2 FY26 Results — Earnings Call Analysis

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹21

Market cap₹11.6K Cr

P/E40.3

Updated30 May 2026

Read4 min read

What the Q2 FY26 call signalled

1 of 3 strong

RevenueModerate growth

MarginMargins steady

CapexCapex planned

The short version

- Q2 revenue growth guidance is 14%-16% year-over-year, roughly consistent with Q1 on a constant currency basis. - Pinterest expects to maintain mid- to high-teens revenue growth targets over the long term, as stated by Julia Donnelly and Bill Ready.

From Pinterest, Inc.'s Q2 FY26 earnings-call transcript · updated 30 May 2026.

Revenue & Sales Performance

Moderate growth

Q2 revenue growth guidance is 14%-16% year-over-year, roughly consistent with Q1 on a constant currency basis.
Expectations to continue hitting mid- to high-teens long-term revenue growth targets.
Continued broadening of revenue base through diversification across mid-market enterprise, SMB, and international advertisers.
AI-driven ad platform improvements, including attribution and bidding optimization, are expected to drive better advertiser outcomes and revenue.
International growth may moderate temporarily due to leadership restructuring but remains a significant long-term opportunity.
Expansion into connected TV and leveraging unique audience data beyond Pinterest app can unlock additional revenue.

2 more points management made on revenue & sales performance

Profitability & Margins

Pinterest expects to maintain mid- to high-teens revenue growth targets over the long term, as stated by Julia Donnelly and Bill Ready.
Q2 2026 revenue guidance is $1.133 billion to $1.153 billion, representing 14% to 16% year-over-year growth, with around a 1-point FX tailwind.
Adjusted EBITDA for Q2 is expected between $256 million to $276 million, with full-year 2026 adjusted EBITDA margins projected around 29%, including a 100 basis point drag from tvScientific.
Costs will rise, driven primarily by sales and marketing investments and R&D to support AI and product initiatives.
Growth upside is anticipated from continued adoption and improvements in AI-driven attribution modeling and broader advertiser base diversification (mid-market, SMB, international).

2 more points management made on profitability & margins

See what Pinterest, Inc. said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned

Continued investment in GPU capacity to support AI and product initiatives, contributing to cost of revenue growth.
Ongoing investment in sales and marketing, including brand campaigns and sales headcount, especially in Q2.
Focused spending to build a go-to-market organization that can scale across mid-market enterprise, SMB, and international markets.
Strategic investment in AI-driven tools and automation to improve advertising platform performance and measurement capabilities.
tvScientific acquisition/integration contributes to revenue growth and requires capital investment (~100 basis point drag on EBITDA margin).

2 more points management made on capital expenditure plans

Fundraising & Capital Structure

The company has recently completed a $2 billion stock repurchase funded with a $1 billion convertible note and cash on hand.
There is no mention of new fundraising plans through debt or equity in the current filings.
The company has $2 billion remaining on its $3.5 billion Board-authorized share repurchase program.

2 more points management made on fundraising & capital structure

See what Pinterest, Inc. said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The provided document pages do not contain any information regarding current or expected orderbook or pending orders. The discussion focuses primarily on: - Q1 and Q2 revenue growth and guidance. - Attribution modeling and its impact on advertiser outcomes. - Innovation areas such as AI, tvScientific, and connected TV opportunities. - Sales organization restructuring and go-to-market strategies. - Emphasis on safety and regulatory environment for younger users.

2 more points management made on order book & pipeline

Others in Interactive Media and Services this season

Reddit, Inc. (Q2 FY26)
Reddit, Inc. Q2 FY26 quarterly results analysis. Q2 2026 revenue expected between $715M and $725M, reflecting 43%-45% YoY growth (midpoint ~44%). Market Cap $32
Baidu, Inc. (Q2 FY26)
Baidu, Inc. Q2 FY26 quarterly results analysis. Baidu expects broad monetization growth driven by AI agents and applications focused on productivity gains, time
Meta Platforms, Inc. (Q2 FY26)
Meta Platforms, Inc. Q2 FY26 quarterly results analysis. Continuing strong growth in AI glasses sales, with a shift to newer models featuring enhanced capabilit

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Frequently Asked Questions

What were Pinterest, Inc. Q2 FY26 results?

What is Pinterest, Inc. share price analysis?

Pinterest, Inc. currently shows a below-average growth signal. The stock trades at a P/E of 40.3 with a market cap of $11,567. Investors should review the full earnings analysis for detailed insights.

Is Pinterest, Inc. planning capital expenditure?

- Continued investment in GPU capacity to support AI and product initiatives, contributing to cost of revenue growth.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.