These Analysts Revise Their Forecasts On Okta After Upbeat Q2 Earnings

Okta, Inc. (NASDAQ:OKTA) reported better-than-expected second-quarter financial results and raised its FY26 guidance above estimates on Tuesday.

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.

"Okta's unified identity platform is winning customers ranging from the world's largest global organizations to massive government agencies," said Todd McKinnon, co-founder and CEO of Okta.

Okta expects third-quarter revenue of $728 million to $730 million versus estimates of $723.55 million. The company anticipates third-quarter adjusted earnings of 74 to 75 cents per share versus estimates of 75 cents per share.

Okta also raised its full-year guidance. The company now expects fiscal ...