PagerDuty (PD) 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
- $0.32
- Estimate
- $0.31
- Surprise
- +4.3%
- Revenue (period 2026-07-31)
- $124.4M
- Score at report (before → after)
- 5.3 → 5.4/10
Revenue source: xbrl.
How the report landed
PagerDuty (PD) beat the $0.31 estimate with adjusted EPS of $0.32 — a clear 4.3% upside surprise. TrendMatrix's engine moved from Buy (Wait) (5.3/10) to Sell at 5.4/10 after the report.
Coverage in the report window
- Gap Posts Upbeat Q2 Earnings, Joins Solstice Advanced Materials, N-Able And Other Big Stocks Moving Higher On Friday — benzinga, 2026-08-28
- Canaccord Genuity Maintains Buy on PagerDuty, Raises Price Target to $15 — benzinga, 2026-08-28
- Morgan Stanley Maintains Underweight on PagerDuty, Raises Price Target to $10 — benzinga, 2026-08-28
Where TrendMatrix's rating stands now
TrendMatrix currently rates PD Sell at 4.9/10.
4 of the last 4 quarters beat the estimate; this quarter's +4.3% surprise compares with a +22.3% four-quarter average. Next scheduled report: 2026-11-24.
What supports the rating
- Strong earnings beat streak (4/4)
- Margin of safety: 68%
What argues against it
- Analyst target reached - limited upside remaining
- Near 52-week high (-0.7% away)
- 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
- $16.68
- Price target
- $19.18
- Stop
- $15.54
- Upside to target
- +15.0%
Forward estimates sit below the trailing run-rate (11.1× forward vs 8.0× trailing) — consensus expects earnings to decline from here.
Risk check: RSI 74 — a level conventionally read as overbought; gains at these levels often lean on momentum.
Model outputs from TrendMatrix’s engine as of 2026-10-13 — shown for context, not personalized investment advice.
PD 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 - Application
- Market cap
- $1.28B
- P/E (fwd)
- 11.1
- P/E (ttm)
- 8.0
- 52-week range
- $5.70–$16.57
- Off 52-week high
- -0.7%
- RSI (14)
- 74
- Volume vs avg
- 0.90×
- Score today
- 4.9/10