Okta (OKTA) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Adjusted EPS
- $1.05
- Estimate
- $0.96
- Surprise
- +8.9%
- Revenue (period 2026-07-31)
- $805.0M
- Score at report (before → after)
- 5.5 → 5.6/10
Revenue source: xbrl.
How the report landed
Okta (OKTA) beat the $0.96 estimate with adjusted EPS of $1.05 — a clear 8.9% upside surprise. TrendMatrix's engine moved from Hold (5.5/10) to Buy (Wait) at 5.6/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates OKTA Hold at 5.4/10.
4 of the last 4 quarters beat the estimate; this quarter's +8.9% surprise compares with a +7.5% four-quarter average. Next scheduled report: 2026-12-01.
What supports the rating
- Strong earnings beat streak (4/4)
- Earnings estimates trending UP
What argues against it
- Concentration risk — Geographic: United States
- Analyst target reached - limited upside remaining
- Sector modifier (Technology): -0.8
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $211.91
- Price target
- $230.30
- Stop
- $197.08
- Upside to target
- +8.7%
The stock trades at 136.5× trailing but 51.7× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-10-15 — shown for context, not personalized investment advice.
OKTA at TrendMatrix's latest read
Technology names get repriced on forward expectations more than trailing prints — a quarter here is read through next-year growth and multiple, not the EPS line alone.
- Industry
- Software - Infrastructure
- Market cap
- $39.60B
- P/E (fwd)
- 51.7
- P/E (ttm)
- 136.5
- 52-week range
- $62.66–$235.00
- Off 52-week high
- 9.8%
- RSI (14)
- 54
- Volume vs avg
- 1.30×
- Score today
- 5.4/10