Earnings ·
Okta, Inc. reported financial results for the second quarter ended July 31, 2026, with total revenue increasing 11%…
OKTAOkta, Inc.
Okta, Inc. reported financial results for the second quarter ended July 31, 2026, with total revenue increasing 11% year-over-year to $805 million and subscription revenue rising 12% to $793 million. GAAP operating income improved significantly to $107 million from $41 million in the prior year period, while non-GAAP diluted net income per share reached $1.05 compared to $0.91 previously. The company settled its remaining convertible senior notes for $350 million and reported free cash flow of $227 million. Okta provided Q3 fiscal 2027 revenue guidance of $813 million to $817 million, representing 10% year-over-year growth, and raised full-year non-GAAP diluted net income per share expectations to a range of $3.90 to $3.94. Okta operates in the cybersecurity industry as an identity management provider.