Reported results
- Revenue of $410 million increased 13 percent year-over-year
- ARR of $1.938 billion as of July 31, 2026 increased 12 percent year-over-year
- GAAP operating income of $32 million and non-GAAP operating income of $89 million
- GAAP gross margin was 80 percent and non-GAAP gross margin was 82 percent
- Dollar based net retention rate of 109 percent
- Net new ARR of $37 million
Guidance
- Q3 FY2027 revenue in the range of $440 million to $445 million
- Q3 FY2027 ARR in the range of $1.992 billion to $1.997 billion as of October 31, 2026
- Q3 FY2027 non-GAAP operating income of approximately $100 million
- Full year FY2027 revenue in the range of $1.789 billion to $1.794 billion
- Full year FY2027 ARR in the range of $2.065 billion to $2.070 billion as of January 31, 2027
- Full year FY2027 non-GAAP operating income of approximately $445 million
Notes
The company notes that reconciliation of non-GAAP operating income guidance to GAAP is not available due to high variability and low visibility of stock-based compensation expense affected by unpredictable stock price fluctuations. Leadership changes announced: Ashim Gupta remains COO; Hitesh Ramani promoted to CFO; Brad Brubaker named Chief Legal & Administrative Officer.
Price and volatility reaction
The stock moved -16.6% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -32.3 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 18.22 | 2026-09-03 |
| Close after release | 15.19 | 2026-09-04 |
| Realised move | -16.6% | close to close |
| 30d ATM IV change | -32.3 vol pts | constant-maturity series, not the front expiry |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-09-03 (8-K, Item 2.02). Read the original filing on sec.gov.