Okta Lifts Outlook as CEO Notes Economic Conditions ‘Better Than Expected’

Okta shares jumped 7% in extended trading after reporting Q2 results that beat estimates, with adjusted EPS at 91 cents (vs. 84 expected) and revenue of $728M (vs. $711.8M). Revenue grew 13% year-over-year, and net income rose to $67M from $29M. CEO Todd McKinnon said economic conditions were “better than we thought.” Despite some federal contract delays, renewals remained strong. Okta raised its fiscal 2026 forecast to $3.33–$3.38 EPS and $2.875–$2.885B revenue. The company also acquired Israeli startup Axiom Security. Meanwhile, rival CyberArk is being acquired by Palo Alto Networks for $25B, intensifying competition.