Qualys Reports Q3 2026 Growth Driven by Channel Expansion and Federal Sector Demand
Qualys, Inc. (QLYS) reported third-quarter revenue of $188.0 million, an 11% increase year-over-year, fueled largely by a strategic shift toward a partner-led growth model. The company's channel contribution rose to 55% of total revenue, with channel revenue growing 24%, effectively offsetting a slight decline in direct sales. A significant driver of performance was the federal sector, which contributed to a 14% year-over-year increase in calculated current billings. Reflecting strong demand for its AI-native Risk Operations Center and autonomous remediation tools, Qualys raised its full-year 2026 revenue and non-GAAP EPS guidance. While the company noted some volatility in revenue linearity due to the timing of large federal deals, profitability remains robust with a non-GAAP EPS of $2.12 and free cash flow margins exceeding 53%.
Tickers: $QLYS
Topics: channel partner expansion ebitda margin eps free cash flow revenue growth