Block raises 2026 outlook on strong quarter, says AI touches nearly all code

Block has raised its 2026 outlook following a strong quarter with better-than-expected results driven by Cash App and Square. The company reported that it has expanded the use of AI across its software engineering, noting that AI now touches nearly all of its code. These developments in AI integration and the performance of its primary platforms have led to the updated financial projections, reflecting a period of growth and technical evolution for the organization.