NYSE$PD
PagerDuty Inc · Q2 2026 earnings
Q2 2026 earnings · · After market close · Investor relations
Briefing
PagerDuty posted a profitable Q2 FY2026, with growing revenue, strong cash flow, and solid expansion in enterprise ARR.
PagerDuty achieved GAAP profitability in Q2 FY2026, with revenue of $123.4 million and strong free cash flow. The company continues to grow its ARR base and expand its presence in the enterprise market, supported by its AI-driven platform.
- Achieved GAAP net income of $9.8M for the quarter.
- Revenue rose to $123.4M, a 6.4% increase YoY.
- Non-GAAP EPS reached $0.30, reflecting solid operational leverage.
- Free cash flow came in at $30.2M with a margin of 24.5%.
Headline financials
Revenue & EPS history
PagerDuty · Revenue · Quarterly
$123M
Forward guidance
PagerDuty expects Q3 FY2026 revenue of $124M–$126M and raised its full-year non-GAAP EPS outlook, showing confidence in profitability and revenue growth despite macro pressures.
Tailwinds
- Q3 revenue guidance of $124M–$126M, up 4%–6% YoY.
- FY26 revenue guidance reaffirmed at $493M–$497M.
- FY26 non-GAAP EPS guidance raised to $1.00–$1.04.
- 94 million diluted shares projected for FY26 EPS calculation.
- Company expects continued strength in AI-powered platform adoption.
Headwinds
- Dollar-based net retention rate declined from 106% to 102%.
- Deferred revenue declined sequentially to $227M.
- Q3 revenue growth expected to be moderate (4%–6%).
- Operating cash flow margin slightly down YoY.
- Competition and macroeconomic factors may impact growth trajectory.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2026
-1.1%
Avg return
Earnings day
-0.3%
Avg return
5 days after
-0.1%
Avg return
30 days after
43%
12 / 28 earnings
Positive
+30.9%
Q4 2022
Best reaction
-29.1%
Q2 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | — | — | — | |
| Q4 2026 | -3.0% | -4.1% | -21.2% | |
| Q3 2026 | -23.5% | -22.1% | -13.3% | |
| Q2 2026 | +6.2% | +6.7% | +2.8% | |
| Q1 2026 | -11.3% | -5.6% | -5.4% | |
| Q4 2025 | +17.7% | +20.7% | -0.9% | |
| Q3 2025 | +1.7% | +2.9% | -11.3% | |
| Q2 2025 | -8.6% | -10.1% | -10.9% | |
| Q1 2025 | -2.4% | -0.4% | +18.0% | |
| Q4 2024 | -9.1% | -5.3% | -5.4% | |
| Q3 2024 | -1.2% | -1.3% | +5.2% | |
| Q2 2024 | -7.3% | -6.6% | -12.3% | |
| Q1 2024 | -15.5% | -15.8% | -17.4% | |
| Q4 2023 | +14.7% | +12.3% | +19.4% | |
| Q3 2023 | +6.4% | +0.3% | +19.4% | |
| Q2 2023 | -9.7% | -11.4% | -11.4% | |
| Q1 2023 | +2.4% | +9.8% | +0.1% | |
| Q4 2022 | +30.9% | +41.4% | +31.6% | |
| Q3 2022 | +17.9% | +9.1% | +0.1% | |
| Q2 2022 | +8.2% | +7.5% | -3.4% | |
| Q1 2022 | -15.9% | -7.4% | +0.4% | |
| Q4 2021 | -8.3% | +3.0% | +3.2% | |
| Q3 2021 | +19.1% | +19.7% | +21.6% | |
| Q2 2021 | -29.1% | -31.4% | -24.6% | |
| Q1 2021 | -7.2% | -5.6% | +6.0% | |
| Q4 2020 | +23.4% | +19.1% | +40.0% | |
| Q3 2020 | -15.0% | -12.1% | -5.0% | |
| Q2 2020 | -14.6% | -27.8% | -27.2% | |
| Q1 2020 | +2.8% | +5.6% | +0.2% | |
| Q4 2019 | — | — | — | |
| Q3 2018 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — | |
| Q4 2017 | — | — | — |
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