Okta Inc. reported stronger-than-expected second-quarter fiscal 2026 results, extending its recent return to profitability. Revenue for the quarter ended 31 July rose 13% from a year earlier to $728 million, topping the $712 million analysts had projected, while non-GAAP earnings climbed 26% to $0.91 a share, versus a consensus $0.84. Subscription revenue, which makes up the bulk of sales, increased 12% to $711 million. The identity-management company said its remaining performance obligations reached $4.15 billion, up 18%, with current RPO at $2.27 billion, reflecting continued demand for its access-management platform. Net retention held at 106%. Chief Executive Officer Todd McKinnon cited robust uptake of newer products for the momentum. On the strength of the quarter, Okta lifted its full-year outlook. It now expects fiscal-year 2026 non-GAAP earnings of $3.33 to $3.38 a share and revenue of $2.88 billion to $2.89 billion, implying 10%–11% top-line growth and exceeding Wall Street forecasts. For the third quarter, the company guided to EPS of $0.74–$0.75 on revenue of $728 million to $730 million. Shares of Okta rose about 4% in extended trading following the announcement.
Okta Q2 Results Revenue +13% Adj. EPS +26% Remaining Performance Obligations +18% Net Retention Rate 106% $OKTA: +3.8% after hours https://t.co/kEg0CP7prb
$OKTA | Okta Beats Q2 Expectations; Raises FY26 Outlook with Margin Upside 📊 Q2 2025 Results: EPS: ✅ $0.91 vs $0.84 est. — beat by $0.07 Revenue: ✅ $728M vs $711M est. — +12.7% Y/Y Current RPO: $2.265B (+13% Y/Y), ahead of guidance ($2.20–2.205B) Non-GAAP Operating
Okta Earnings Helped By Subscription Backlog Growth https://t.co/VebZX33PqU