Netskope Reports Q2 2027 Earnings with Strong Revenue Growth and Raised Guidance
Netskope (NTSK) reported strong financial results for the second quarter of fiscal 2027, driven by demand for its Netskope One platform. The company achieved $899 million in Annual Recurring Revenue (ARR), a 27% increase year-over-year, with revenue reaching $220.5 million—up 29%. Management raised full-year revenue guidance to between $888 million and $892 million, reflecting confidence in continued growth. Key highlights included a net retention rate of 114%, indicating strong expansion within existing customer accounts, as well as an increase in large customers generating over $100K in ARR by 23%. The company also reported improved non-GAAP operating margin and cash reserves exceeding $1 billion. Strategic shifts toward AI security were emphasized, with a significant portion of the pipeline entering proof-of-concept phases.
Topics: ARR growth customer retention non-GAAP margins revenue