Okta (OKTA) is scheduled to announce its second-quarter fiscal 2026 results on August 26. The company expects non-GAAP earnings per share to range between 83-84 cents and revenues between $710-$712 million, reflecting a year-over-year growth of approximately 10%.
The Zacks Consensus Estimate for earnings stands at 84 cents per share, a 16.7% increase year-over-year, while revenue expectations are pegged at $711 million, up 10.1% from the previous year. Okta recorded growth to 20,000 customers in Q1 fiscal 2026, with 4,870 customers boasting over $100,000 in Annual Contract Value, a significant increase.
Year-to-date, Okta shares have risen 13.9%, outperforming the Zacks Computer & Technology sector (10.4%) and the Security industry (6.9%). However, the company faces challenges from a sluggish federal business and competition from firms like Microsoft and Cisco Systems in the Identity and Access Management domain.
