Tenable Exceeds Q2 Guidance, Raises Full-Year Outlook
Tenable Holdings (NASDAQ:TENB) reported second-quarter results that exceeded its guidance ranges and raised its full-year revenue outlook. Revenue for the quarter reached $268.5 million, up 8.6% year over year, while non-GAAP earnings per share increased by 50% to $0.51. The company attributed strong performance to record adoption of its Tenable One exposure management platform and larger deal sizes. The platform accounted for 50% of new business in Q2, up from 41% the previous quarter. Net dollar expansion also improved to 106%, marking the first quarterly increase since early 2022. Tenable highlighted growing demand driven by AI security and platform consolidation efforts. The company's Hexa agentic AI engine is being used for security remediation, while recent FedRAMP High authorization expands its federal-market opportunity.
Tickers: $TENB