The earnings call depicted a strong start to FY '26 with significant achievements in workflow executions, product innovations, and profitability. However, there are concerns about economic uncertainty impacting future growth and sequential declines in RPO. Despite these challenges, Okta remains optimistic about its strategic positioning and long-term growth potential.

Company Guidance -

Q3 2026

In the first quarter of Fiscal Year 2026, Okta experienced a strong start, marked by several key metrics indicating solid performance and growth. The company reported robust cash flow, record non-GAAP operating profitability, and a profit margin, with a notable focus on large customers and new product contributions. Workflow executions remarkably increased by nearly 400% over the past three years, reaching approximately $40 billion in March. Additionally, Okta's governance portfolio has grown substantially, with products like Okta Identity Governance and Identity Threat Protection making significant contributions. Looking ahead, Okta anticipates a total revenue growth of 10% for Q2 and 9% to 10% for the full fiscal year, with a non-GAAP operating margin of 25% and a free cash flow margin of approximately 27%. The guidance reflects a cautious approach, factoring in potential macroeconomic uncertainties while maintaining a focus on long-term profitable growth through go-to-market specialization and product innovation.

Strong Start to Fiscal Year 2026

Okta experienced a solid start to FY '26 with continued strength from large customers, Auth0, new product contribution, strong cash flow, and record profitability.

Significant Growth in Workflow Executions

Workflow executions increased nearly 400% over the past three years to nearly $40 billion in March alone, indicating strong adoption of Okta's governance products.

Successful Showcase Event

The Showcase event highlighted product innovations such as Identity Security Posture Management and Auth for GenAI, showcasing Okta's advancements in protecting non-human identities and securing AI agents.

Record Operating Profitability and Profit Margin

Q1 results showed exceptional cash flow and record operating profitability and profit margin, with confidence in long-term profitable growth.

Successful Go-To-Market Specialization

Specialized go-to-market strategy for Okta and Auth0 sellers showed early promising results, with strong pipeline strengthening and increased focus on specific markets like U.S. public sector.

Okta (OKTA) Earnings, Revenues Date & History

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OKTA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 26, 2025	2026 (Q3)	0.76 / -	0.67	―	―	―
Aug 26, 2025	2026 (Q2)	0.84 / 0.91	0.72	26.39% (+0.19)
May 28, 2025	2026 (Q1)	0.77 / 0.86	0.65	32.31% (+0.21)
Mar 03, 2025	2025 (Q4)	0.74 / 0.78	0.63	23.81% (+0.15)
Dec 03, 2024	2025 (Q3)	0.58 / 0.67	0.44	52.27% (+0.23)
Aug 28, 2024	2025 (Q2)	0.61 / 0.72	0.31	132.26% (+0.41)
May 29, 2024	2025 (Q1)	0.54 / 0.65	0.22	195.45% (+0.43)
Feb 28, 2024	2024 (Q4)	0.51 / 0.63	0.3	110.00% (+0.33)
Nov 29, 2023	2024 (Q3)	0.29 / 0.44	0	―
Aug 30, 2023	2024 (Q2)	0.22 / 0.31	-0.1	410.00% (+0.41)

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, 2025	$105.22	$106.63	+1.34%
Mar 03, 2025	$87.16	$108.31	+24.27%
Dec 03, 2024	$81.71	$86.11	+5.38%
Aug 28, 2024	$96.54	$79.51	-17.64%

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.