Okta Non-GAAP EPS of $0.91 beats by $0.06, revenue of $728M beats by $16.13M

Published 2 months ago Positive
Okta Non-GAAP EPS of $0.91 beats by $0.06, revenue of $728M beats by $16.13M
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* Okta press release [https://seekingalpha.com/pr/20212318-okta-announces-second-quarter-fiscal-year-2026-financial-results] (NASDAQ:OKTA [https://seekingalpha.com/symbol/OKTA]): Q2 Non-GAAP EPS of $0.91 beats by $0.06.
* Revenue of $728M (+12.7% Y/Y) beats by $16.13M.

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For the third quarter of fiscal 2026, the Company expects:

* Total revenue of $728 million to $730 million vs. consensus of $723.13M, representing a growth rate of 9% to 10% year-over-year;
* Current RPO of $2.260 billion to $2.265 billion, representing a growth rate of 10% year-over-year;
* Non-GAAP operating income of $160 million to $162 million, which yields a non-GAAP operating margin of 22%;
* Non-GAAP diluted net income per share of $0.74 to $0.75 vs. consensus of $0.75, assuming diluted weighted-average shares outstanding of approximately 185 million and a non-GAAP tax rate of 26%; and
* Non-GAAP free cash flow margin of approximately 21%.

For the full year fiscal 2026, the Company now expects:

* Total revenue of $2.875 billion to $2.885 billion vs. consensus of $2.86B, representing a growth rate of 10% to 11% year-over-year;
* Non-GAAP operating income of $730 million to $740 million, which yields a non-GAAP operating margin of 25% to 26%;
* Non-GAAP diluted net income per share of $3.33 to $3.38 vs. consensus of $3.29, assuming diluted weighted-average shares outstanding of approximately 185 million and a non-GAAP tax rate of 26%; and
* Non-GAAP free cash flow margin of approximately 28%.

* Shares +1.94% AH.

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