Okta Q2 earnings report 2026

Okta After the identity software manufacturer declared financial results exceeding Wall Street projections, stocks increased by 4% in expanded transactions on Tuesday.

The company did this compared to the LSEG consensus:

• Earning per share: 91 cents set and 84 cents are expected
• Revenues: 728 million dollars and 711.8 million dollars expected

According to a statement, Okta’s revenue increased by about 13% in the second quarter to 31 July. Net revenue rose from $ 67 million or 37 cents per share, in the same quarter of the previous year, $ 29 million or 15 cents per share.

In May, Okta arranged his guidance to reflect macroeconomic uncertainty. Todd McKinnon, Founding Partner and CEO of Okta, said that in an interview with CNBC on Tuesday, he said he was going well.

“It was much better than we thought, Mc McKinnon said. “Yes, the results speak for themselves.”

US government customers are more careful about registering for agreements after President Donald Trump launched the Ministry of State in January.

“But even under this additional examination, we did really well.” He said.

The net holding rate, which is a metric that will grow with existing customers, reached 106% in a quarter unchanged three months ago.

McKinnon said that representatives of artificial intelligence working around the companies should buy software to manage their identities. Authorized, several types of Okta software satan should also increase the increase in income, he said.

The management would come to 74 cents to 75 cents and 730 million dollars for $ 730 million for the third quarter of the financial. Analysts who participated in the survey by LSEG expected 75 cents per share and earned $ 722.9 million in revenue. Okta awaits $ 2.260 billion to $ 2,265 billion in the current performance obligation, which is the measurement of the subscription accumulated work, which is just above Streetaccount’s consensus of $ 2.26 billion in the next 12 months.

The company increased the financial 2026 estimation. $ 2,875 billion to $ 2,885 billion in revenue of $ 3.33 to $ 3.38 in full -year -old earned earnings per share. The LSEG consensus earned $ 2.86 billion in revenue for corrected earnings per share. Okta’s full financial guidance in May included $ 3.23 to $ 3.28 per share and $ 2,850 to $ 2,860 per share.

At the end of last month, PALO ALTO NETWORKSa cyber security company Expanded partnership Okta announced his plans to buy Okta Rival in July Cyber ​​Sant About 25 billion dollars.

“Palo Alto, ‘You should buy security from us and your last point is from us and your SIEM [security information and event management] McKinnon said from us and your network from us. “We think this is wrong, because customers need elections. It is unlikely that they will buy each piece of technology or every security piece from a seller.”

A Palo Alto spokesman did not respond immediately to the request for comment.

Early on Tuesday, Okta in question Israel, who sells software to manage data access, agreed to buy Axiom Security. Companies did not explain the conditions of the agreement.

While the shares of Okta increased by 16%since the closing of Tuesday, technology has increased heavy NASDAQ by 11%.

Managers will discuss the results with analysts at a conference meeting that started at 17:00.

WRISTWATCH: OKTA CEO Todd McKinnon, we are moving from prototype to production when it comes to agents