# Q1 revenue of $1.41 billion grew 20% year on year, the highest reported rate since 2022.

*business · news · 2026-05-01 · TNW*

## Key points

- Twilio raised its 2026 revenue growth outlook to 14-15%, up from 11.5-12.5%.
- Voice revenue grew 20% year on year, with software add-ons surpassing 100% growth.
- Dollar-based net expansion rate increased to 114%, signaling stronger customer usage expansion.
- Twilio is repositioning as enterprise voice AI infrastructure, moving beyond developer APIs.
- Carrier fee increases are pressuring gross margins as voice AI volumes scale.

**Companies:** Twilio, ElevenLabs, Sierra

[Read the full story on TNW](https://thenextweb.com/news/twilio-q1-2026-voice-ai-revenue)

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