PagerDuty Surpasses Q1 Estimates with $121M Revenue and $0.32 EPS
PD•PagerDuty reported fiscal Q1 profit of $10.2 million, delivering 32 cents non-GAAP EPS versus the 24 cent Street estimate and 13 cents GAAP. Q2 guidance targets 29–31 cents per share on $122–124 million revenue, with full-year EPS guidance raised to $1.27–$1.32 on $488.5–$496.5 million sales.
1. Q1 Earnings Exceed Estimates
Fiscal first quarter revenue reached $121 million, topping the $119.2 million consensus, while GAAP profit was $10.2 million or 13 cents per share. Adjusted non-GAAP EPS of 32 cents beat the 24 cent forecast, marking a significant margin improvement year-over-year.
2. Early Traction in Usage-Based Pricing
Management highlighted early customer adoption of the new usage-based pricing model, which is expected to drive higher average revenue per account and improve long-term retention as enterprises scale event volumes.
3. Leadership Transition Details
The company announced a leadership transition at the executive level, signaling a strategic shift in its go-to-market approach. The outgoing executive will remain in an advisory capacity during the handover period.
4. Guidance for Q2 and Full Year
For the quarter ending July, PagerDuty forecasts revenue of $122 million to $124 million with EPS of 29 to 31 cents. Full-year guidance was raised to $488.5 million–$496.5 million in revenue and $1.27–$1.32 in EPS, reflecting confidence in growth momentum.
