Okta Shares Gain 2% After Q2 Results Top Estimates, Full-Year Outlook Raised

Okta Inc. (NASDAQ:OKTA) reported better-than-expected second-quarter results on Tuesday and raised its full-year guidance, sending shares more than 2% higher during Wednesday’s trading.

The identity management company posted earnings of $0.91 per share, beating consensus of $0.84. Revenue rose to $728 million, ahead of expectations of $711.2 million. Current remaining performance obligations (cRPO) increased 13.5% year-over-year to $2.27 billion, surpassing guidance by 2.8%.

Okta projected third-quarter earnings of $0.74 to $0.75 per share, roughly in line with estimates, and revenue between $728 million and $730 million, above consensus of $723 million. The company guided Q3 cRPO to $2.26 billion, reflecting 10% growth at the midpoint.

For fiscal 2026, Okta raised revenue guidance to $2.88 billion–$2.89 billion from $2.85 billion–$2.86 billion and projected earnings of $3.33 to $3.38 per share. The company also signaled a shift toward less conservative forecasting going forward.