Okta Q2 Earnings: Revenue, EPS Beat Estimates, Cybersecurity Company Raises FY26 Estimates

Okta Inc (NASDAQ:OKTA) reported second-quarter financial results after the market close on Tuesday. Here’s a look at the key details from the report.

Q2 Highlights: Okta reported second-quarter revenue of $728 million, beating analyst estimates of $712.01 million, according to Benzinga Pro. The cloud-native cybersecurity company reported second-quarter adjusted earnings of 91 cents per share, beating analyst estimates of 84 cents per share.

Total revenue was up 13% on a year-over-year basis as subscription revenue increased 12%. Remaining performance obligations totaled $4.15 billion at quarter's end, up 18% year-over-year.

Net cash provided by operations was $167 million, up from $86 million in the prior year’s quarter. Okta generated free cash flow of $162 million in ...