Okta, Inc. (OKTA)
NASDAQ:OKTA
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Earnings Data
Report Date
Sep 02, 2026After Close (Confirmed)
Period Ending
2027 (Q2)Consensus EPS Forecast
0.96Last Year’s EPS
0.91Same Quarter Last Year
Strong Buy
Based on 35 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Okta reported a strong start to FY27 with broad-based go-to-market improvements, healthy cash reserves, meaningful enterprise traction (large customer mix) and rapid pipeline build — particularly around AI agent products and integrations with major platform partners. The AI products are driving outsized deal sizes and strategic pull-through for other products, but remain early and not yet material to revenue. Near-term headwinds include a ~1-point revenue impact from shifting professional services to partners, ~$350M convertible note settlement next month, modest FCF margin pressure from capital actions, adoption/pricing uncertainty for agent economics, and rising AI inference costs. Overall, upside potential from the large AI pipeline and product momentum outweighs the early-stage limitations and near-term execution items.Company Guidance
Top-line Growth and Retention Inflection
Q1 revenue growth of ~12% year-over-year with net retention inflecting to ~107% and cRPO growth of ~12%, indicating strengthening customer engagement and durable demand.
New Products Driving Bookings
New product portfolio represented approximately 25% of Q1 bookings (a meaningful increase vs. Q1 last year) and deals that include new products show a ~40% ACV uplift.
Strong Pipeline and Go-to-Market Execution
Management reported record pipeline generation, improved sales productivity, low AE attrition, and meaningful increases in partner-sourced bookings and partner pipeline build.
AI Agent Deal Economics
Early AI-specific deals are significantly larger than typical deals (company noted average AI deal size is materially higher), and Okta reports a strong, unprecedented pipeline for AI agent products.
Large Customer Mix and Enterprise Traction
Large customers now account for ~85% of ACV (up from ~80% historically), with sizable land deals (>$1M) and notable public sector and Fortune-1 customer consolidations onto Okta.
Partnerships and Neutrality Advantage
Strategic integrations announced (ServiceNow, Google, Amazon Bedrock Agent Core, OpenAI GPT-5.5 Trusted Access, Anthropic) reinforce Okta’s neutral identity layer position across hyperscalers and model providers.
Healthy Balance Sheet and Capital Allocation
Ended the quarter with ~ $2.6B in cash, cash equivalents and short-term investments; repurchased ~3M shares for $241M with $680M remaining under the $1B buyback program, demonstrating capital allocation flexibility.
Confident Guidance and Profitability Targets
Q2 guidance: total revenue growth ~9%, current RPO growth ~11%, non-GAAP operating margin ~26%, free cash flow margin 20%–21%. FY27 guidance: total revenue growth 9%–10%, non-GAAP operating margin 25%–26%, free cash flow margin 27%–28%.
OKTA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
OKTA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 28, 2026 | $94.72 | $123.27 | +30.14% |
Mar 04, 2026 | $71.74 | $79.65 | +11.03% |
Dec 02, 2025 | $81.87 | $86.34 | +5.46% |
Aug 26, 2025 | $91.56 | $93.03 | +1.61% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Okta, Inc. (OKTA) report earnings?
Okta, Inc. (OKTA) is schdueled to report earning on Sep 02, 2026, After Close (Confirmed).
What is Okta, Inc. (OKTA) earnings time?
Okta, Inc. (OKTA) earnings time is at Sep 02, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OKTA EPS forecast?
OKTA EPS forecast for the fiscal quarter 2027 (Q2) is 0.96.
