Ooma Inc
Q2 2026 Earnings
Market Reaction
S&P 500 over the same 30 days: +2.64%.
Did OOMA Beat Earnings? Q2 2026 Results
Ooma posted a clean beat on both lines in fiscal Q2 2026, with non-GAAP earnings of $0.23 per diluted share clearing the $0.20 consensus estimate by 14.03% and revenue of $66.36 million edging past forecasts by 0.97% as the cloud communications provider continued its steady 3.5% year-over-year growth trajectory. The clearest driver behind the quarter was disciplined expense management, with total operating expenses falling to $39.31 million from $40.30 million a year ago, helping Ooma swing to GAAP operating income of $916,000 from an operating loss of $1.60 million in the prior-year period. Subscription and services revenue, which now constitutes 92% of the total, climbed to $61.14 million from $59.57 million, underpinned by Ooma Business momentum across its UCaaS, AirDial POTS replacement, and 2600Hz wholesale platforms. Management raised full-year GAAP net income guidance sharply to $3.50 million-$4.00 million from a prior range of $0.60 million-$1.60 million, while holding revenue guidance at $267.00 million-$270.00 million, signaling confidence in the back half of the fiscal year despite the company's comparatively modest growth profile relative to broader software peers.
- Growth of Ooma Business driving subscription and services revenue increase
- 52% year-over-year growth in non-GAAP EPS
- 27% year-over-year growth in adjusted EBITDA to $7.2 million
- Reduced operating expenses, particularly in research and development
- Swing to GAAP profitability from prior year GAAP net loss
“Ooma delivered strong Q2 financial results, with $66.4 million in revenue and $6.5 million of non-GAAP net income. Our results included 52% year over year growth of non-GAAP EPS and record adjusted EBITDA of $7.2 million, which grew 27% year over year. As we enter the second half of our fiscal year, we remain focused on achieving growth across our small business UCaaS, AirDial POTS replacement, and 2600Hz wholesale solutions while also improving non-GAAP net income and adjusted EBITDA year over year.”
Ooma CEO, on the earnings call
Forward Guidance & Outlook
For Q3 FY2026, Ooma expects total revenue of $67.2–$67.9 million, GAAP net income of $0.9–$1.3 million ($0.04–$0.05 per diluted share), and non-GAAP net income of $6.0–$6.4 million ($0.22–$0.23 per diluted share). For full fiscal year 2026, the company maintained revenue guidance of $267–$270 million but raised GAAP net income guidance to $3.5–$4.0 million ($0.13–$0.15 per diluted share), up from prior guidance of $0.6–$1.6 million. Non-GAAP net income guidance was also raised to $24.5–$25.0 million ($0.87–$0.89 per diluted share), up from $22.5–$23.5 million previously.
OOMA YoY Financials
OOMA Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.