Q2 26 EPS
$0.91
BEAT +7.57%
Est. $0.85
Q2 26 Revenue
$728.0M
BEAT +2.27%
Est. $711.9M
vs S&P Since Q2 26
-33.4%
TRAILING MARKET
OKTA -22.0% vs S&P +11.4%
Market Reaction
Did OKTA Beat Earnings? Q2 2026 Results
Okta posted a clean beat across the board in Q2 FY2026, reporting non-GAAP EPS of $0.91 against a consensus estimate of $0.85, a 7.57% positive surprise, while revenue of $728.00 million came in 2.27% ahead of the $711.87 million Wall Street expected… Read more Okta posted a clean beat across the board in Q2 FY2026, reporting non-GAAP EPS of $0.91 against a consensus estimate of $0.85, a 7.57% positive surprise, while revenue of $728.00 million came in 2.27% ahead of the $711.87 million Wall Street expected and grew 12.7% year-over-year. The headline numbers were backed by meaningful profitability improvement: GAAP operating income swung to $41.00 million from a loss of $19.00 million a year earlier, and free cash flow more than doubled to $162.00 million, representing a 22% margin. Remaining performance obligations climbed 18% to $4.15 billion, signaling durable bookings momentum even as the company navigates an ongoing credibility rebuild following prior cybersecurity incidents. Okta also notably stripped macroeconomic caution from its forward guidance, raising confidence in its AI-era positioning, including new products to secure AI agents. For Q3, the company guided revenue of $728.00–$730.00 million and full-year FY2026 revenue of $2.88–$2.89 billion, implying 10–11% growth, with non-GAAP EPS of $3.33–$3.38.
Key Takeaways
- • Subscription revenue growth of 12% year-over-year
- • Continued strength in new product adoption
- • Public sector momentum
- • Auth0 strength
- • Strong cash flow generation with free cash flow margin of 22%
- • RPO growth of 18% year-over-year to $4.152 billion
- • Non-GAAP operating margin expansion to 28% from 23% year-over-year
OKTA YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
OKTA Revenue by Segment
With YoY comparisons, source: SEC Filings
“Okta's unified identity platform is winning customers ranging from the world's largest global organizations to massive government agencies. Our solid Q2 results are highlighted by continued strength in new product adoption, the public sector, Auth0, and cash flow. In the age of AI, Okta's independence and neutrality will continue to give organizations the freedom to innovate securely and on their own terms.”
— Todd McKinnon, Q2 2026 Earnings Press Release
OKTA Earnings Trends
OKTA vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
OKTA EPS Trend
Earnings per share: estimate vs actual
OKTA Revenue Trend
Quarterly revenue: estimate vs actual
OKTA Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 BEAT FY | $0.85 | $0.90 | +5.88% | $761.0M | — |
| FY Full Year | $3.44 | $3.50 | +1.71% | $2.92B | +0.41% |
| Q3 26 BEAT | $0.76 | $0.82 | +8.38% | $742.0M | +1.58% |
| Q2 26 BEAT | $0.85 | $0.91 | +7.57% | $728.0M | +2.27% |
| Q1 26 BEAT | $0.77 | $0.86 | +11.49% | $688.0M | +1.16% |
| Q4 25 BEAT FY | $0.74 | $0.78 | +5.95% | $682.0M | — |
| FY Full Year | $2.78 | $2.81 | +1.24% | $2.61B | +0.50% |