Okta stock gains after Q2 revenue rises 11 percent

Okta stock (US6792951054) gained after the identity software company said second-quarter fiscal 2027 revenue reached $805 million, up 11 percent year over year. The company's second-quarter fiscal 2027 results also showed subscription revenue of $793 million and current RPO of $2.590 billion to $2.600 billion.

Guidance moved higher

For fiscal 2027, Okta now expects revenue of $3.216 billion to $3.226 billion, non-GAAP operating income of $830 million to $840 million, and non-GAAP diluted EPS of $3.90 to $3.94. The company also lifted third-quarter guidance to $813 million to $817 million in revenue and $0.92 to $0.94 in non-GAAP diluted EPS.

That makes the comparison clear: the quarterly revenue increase was 11 percent, while full-year revenue guidance implies about 10 percent to 11 percent growth. For investors, the mix between revenue growth, 26 percent non-GAAP operating margin guidance, and free cash flow guidance of $910 million to $930 million now matters more than the headline beat alone.

Trading near the highs

MarketBeat showed Okta at $172.28 on September 4, 2026, up $1.86, or 1.09 percent, with a market capitalization of $29.94 billion and a 52-week high of $174.85. The same data set put the consensus price target at $172.92, which leaves the shares very close to that level.

Security software is the product story

Okta's core identity and access management platform remains the business anchor, and the latest quarter points to continued demand for that product set. Subscription revenue of $793 million and current RPO of up to $2.600 billion are the figures that show whether that demand is still translating into contracted business.

Price and size

Okta stock traded at $172.28 on September 4, 2026, according to MarketBeat, with a market capitalization of $29.94 billion.