"Last quarter, Okta delivered a clean beat. Revenue of $742M topped estimates of $730.4M, and non-GAAP EPS of $0.82 beat the $0.7566 consensus by over 8%. Free cash flow came in at $211M, up 37% year-over-year. Shares popped roughly 5% after-hours on the results."
"FY2027 guidance tone. This is the most important number on the call. After raising full-year guidance three consecutive times in FY2026, investors need to see whether management opens FY2027 with confidence or retreats to the 'prudent' conservatism that defined early FY2026 guidance."
"CEO Todd McKinnon called out the Auth0 for AI Agents launch last quarter, saying 'AI agents are redefining how organizations work, and Okta is key to securing this technology transformation.' I'll be listening for any early commercial signals around that product."
Okta is reporting fourth-quarter fiscal year 2026 results after market close on March 4, 2026. Wall Street consensus expects non-GAAP EPS of $0.84-$0.85 and revenue of $748-$750M, reflecting approximately 10% year-over-year growth. The company previously delivered strong Q3 results with revenue of $742M beating estimates and non-GAAP EPS of $0.82 exceeding consensus by over 8%, generating a 5% after-hours stock pop. However, the stock has since declined 14.88% year-to-date to $73.61. Key focus areas for tonight's call include FY2027 guidance tone, cRPO growth trajectory versus the guided 9%, AI agent identity product traction, and operating margin performance, with prediction markets pricing in a 95.5% probability of an EPS beat.
Read at 24/7 Wall St.
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