Analysts expect Five9 to report Q2 2026 revenue of $306.6 million and non-GAAP EPS of $0.69, with the stock currently trading at approximately $28.84 against an average analyst price target of $25.93. The primary focus for investors remains the momentum of Enterprise AI revenue, which previously grew 42% year-over-year and now accounts for roughly 10% of the company's enterprise subscription revenue. Market participants are closely monitoring whether the adoption of the new 'Agentic AI' tier and recent executive leadership changes can accelerate backlog conversion. This report follows a strong first quarter where Five9 raised its full-year guidance, though macroeconomic headwinds in the broader software sector continue to pose a risk to sales execution.