The earnings call reflects a predominantly positive outlook for Okta, with strong Q2 performance, significant growth in the public sector, a robust pipeline, and strategic acquisitions driving future potential. Despite minor challenges in the federal vertical and stabilization of NRR, the overall sentiment is optimistic, with raised revenue and margin guidance for FY 2026.

Company Guidance

During Okta's second quarter fiscal 2026 earnings webcast, the company provided several key financial metrics and guidance for future performance. Okta reported a solid Q2 with highlights including improved sales productivity and record pipeline generation. The company continues to see strong performance in its public sector business, with five of their top ten deals in Q2 involving the US public sector, including the Department of Defense. Okta's financial outlook for Q3 and FY 2026 is optimistic, with expectations for total revenue growth of 9-10% for Q3 and 10-11% for the full fiscal year. The company anticipates a non-GAAP operating margin of 22% for Q3 and 25-26% for FY 2026, with a free cash flow margin of approximately 28% for the full year. Okta has removed previous conservatism in its outlook related to macroeconomic uncertainty and federal verticals, highlighting its confidence in its go-to-market strategies and improved specialization efforts. Additionally, the company announced a definitive agreement to acquire Acxiom Security, aiming to enhance its privileged access management capabilities.

Strong Q2 Results and Growth in Public Sector

Okta reported solid Q2 results with significant strength in the public sector market. Five of the top 10 deals were with the US public sector, including their largest deal of the quarter with the Department of Defense.

Record Pipeline Generation

Okta achieved an all-time high in pipeline generation for Q2, indicating strong future growth potential. This was attributed to the specialization of sales teams and improved sales productivity.

Increased Revenue and Margin Guidance for FY 2026

Okta raised its full-year fiscal 2026 guidance, expecting total revenue growth of 10% to 11%, a non-GAAP operating margin of 25% to 26%, and a free cash flow margin of approximately 28%.

Strategic Acquisition of Acxiom Security

Okta announced the acquisition of Acxiom Security, a modern PAM vendor, to enhance their privileged access management capabilities and secure critical infrastructure.

Introduction of Cross-App Access Standard

Okta introduced a new open standard called cross-app access to control access for AI agents, gaining strong interest from partners like AWS, Zoom, and Box.

Okta (DE:0OK) Earnings, Revenues Date & History

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DE:0OK Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 26, 2025	2026 (Q3)	0.64 / -	0.565	―	―	―
Aug 26, 2025	2026 (Q2)	0.71 / 0.77	0.607	26.39% (+0.16)
May 28, 2025	2026 (Q1)	0.65 / 0.73	0.548	32.31% (+0.18)
Mar 03, 2025	2025 (Q4)	0.62 / 0.66	0.531	23.81% (+0.13)
Dec 03, 2024	2025 (Q3)	0.49 / 0.57	0.371	52.27% (+0.19)
Aug 28, 2024	2025 (Q2)	0.51 / 0.61	0.261	132.26% (+0.35)
May 29, 2024	2025 (Q1)	0.46 / 0.55	0.186	195.45% (+0.36)
Feb 28, 2024	2024 (Q4)	0.43 / 0.53	0.253	110.00% (+0.28)
Nov 29, 2023	2024 (Q3)	0.25 / 0.37	0	―
Aug 30, 2023	2024 (Q2)	0.18 / 0.26	-0.084	410.00% (+0.35)

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

DE:0OK Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 26, 2025	€78.90	€79.50	+0.76%
May 28, 2025	€93.21	€93.44	+0.25%
Mar 03, 2025	€83.07	€98.48	+18.55%
Dec 03, 2024	€76.89	€81.43	+5.90%

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.