Okta Shares Jump 12.5% After Q4 Beat, Raises FY27 Revenue Guidance
Okta reported Q4 fiscal 2026 adjusted EPS of $0.90, beating estimates by 6.36%, as revenue rose 11.6% year-over-year to $761 million and shares gained 12.5%. The company expects fiscal 2027 revenue of $3.17–3.19 billion (9% growth) and non-GAAP EPS of $3.74–3.82.
1. Q4 Fiscal 2026 Results and Share Reaction
Okta delivered Q4 adjusted earnings per share of $0.90, a 6.36% beat over consensus, while revenue climbed 11.6% year-over-year to $761 million. The stronger-than-expected performance propelled shares up 12.5% following the earnings release.
2. Fiscal 2027 Guidance
Management projects fiscal 2027 revenue between $3.17 billion and $3.19 billion, reflecting 9% growth, with non-GAAP EPS guidance of $3.74 to $3.82. First-quarter revenue is forecast at $749 million to $753 million, with non-GAAP EPS of $0.84 to $0.86.
3. Customer Growth and Product Pipeline
Customers with annual contract values over $100,000 rose 6% to 5,100, and total customers surpassed 20,000 by year-end. New identity solutions, including OIG, Privileged Access, Identity Threat Protection with AI and Auth0 for AI Agents, accounted for 30% of Q4 bookings.
4. Partner Ecosystem Strength
Okta’s channel network, featuring AWS, Microsoft, Google, Palo Alto Networks and others, influenced 18 of its top 20 deals in Q4. AWS Marketplace-driven contracts grew over 45% to $750 million in fiscal 2026, reinforcing distribution and cross-sell channels.