Okta Reports Q2 2027 Earnings with Strong Revenue Growth and Strategic Updates
Okta (OKTA) reported second-quarter fiscal year 2027 earnings on August 26, 2026. The company delivered total revenue of $805 million, a 11% increase from the prior year driven by strong performance in its core workforce and customer identity platforms. Subscription revenue reached $793 million with 12% growth, while RPO (Remaining Performance Obligations) rose to $4.9 billion, up 17%. Free cash flow was reported at $227 million, maintaining a healthy margin of 28%, supported by strong collections and profitability. The company also highlighted progress in its newer product offerings such as Okta Identity Governance, which accounted for approximately 30% of total bookings. Additionally, the firm secured multiple large contracts related to AI agents and completed an acquisition aimed at enhancing security capabilities around autonomous systems. Guidance for Q3 revenue is between $813 million and $817 million with full-year projections in line despite a shift toward partner services.
Tickers: $OKTA
Topics: free_cash_flow revenue share_repurchases subscription_growth