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Okta jumps 14%, tops first-quarter results on agentic AI demand
The identity-management company beat Wall Street estimates with 91 cents a share and $765 million in revenue, then lifted fiscal 2027 and full-year guidance.
- On Thursday, May 28, 2026, Okta, Inc. reported first-quarter results that exceeded analyst expectations, sending shares up 9.59% to $103 in extended trading as the identity management company demonstrated enterprise momentum.
- CEO Todd McKinnon attributed the performance to rising demand for agentic AI, stating that "AI agents are rapidly becoming a new workforce inside every organization," requiring secure identity governance.
- Quarterly revenue reached $765 million, up 11% year-over-year and surpassing estimates, while adjusted earnings per share hit $0.91, beating the $0.85 consensus by $0.06.
- Chief Financial Officer Brett Tighe said Okta Identity Governance is resonating with customers, with last year's go-to-market specialization driving tangible results and increased sales productivity.
- Okta raised its fiscal 2027 revenue outlook to $3.185 billion to $3.205 billion, while second-quarter guidance of $0.95 to $0.97 per share matched the analyst consensus.
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Total News Sources10
Leaning Left3Leaning Right0Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 43%
C 57%
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