Okta Inc. delivered fiscal second-quarter 2026 results that comfortably topped Wall Street expectations, posting a 13% year-over-year revenue increase to $728 million and adjusted earnings of $0.91 a share. Net income more than doubled to $67 million, while subscription revenue—97% of the total—grew 12% to $711 million. Current remaining performance obligations climbed 18% to $4.15 billion, and the company’s net retention rate held steady at 106%. Chief Executive Officer Todd McKinnon said demand was driven by new product adoption, continued public-sector strength and expansions at Auth0. With momentum building, management lifted its full-year forecast to $2.88–$2.89 billion in revenue and adjusted earnings of $3.33–$3.38 a share, both ahead of prior guidance and analyst consensus. For the current quarter, Okta expects revenue of $728–$730 million and adjusted EPS of $0.74–$0.75. The results sent the shares up roughly 6–8% in post-market trading. The upbeat quarter followed a series of bullish calls from sell-side firms: Truist upgraded the stock to Buy with a $125 price target, and Canaccord Genuity likewise moved to Buy, setting its target at $120, citing easing growth headwinds and improving sales execution.