HubSpot beats Q1 estimates, raises guidance, remains a Buy despite AI churn concerns and market volatility.

HubSpot reported strong Q1 results with 23% year-over-year revenue growth and raised its full-year guidance, demonstrating solid performance despite macroeconomic challenges. The stock offers an attractive valuation at 15.7 times FY26 earnings, supported by margin expansion and strong cash flow. While there are concerns about AI-driven customer churn, HubSpot's growth momentum and billing strength suggest limited near-term impact. This makes it a de-risked buying opportunity amid volatile tech earnings and high market expectations.