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Stock Market Live June 24, 2026: S&P 500 (SPY) Attempting to Regain Momentum
PagerDuty

PD Q1 2027 Earnings

Reported May 28, 2026 at 4:07 PM ET · SEC Source

Q1 27 EPS

$0.32

BEAT +29.14%

Est. $0.25

Q1 27 Revenue

$121.0M

BEAT +1.34%

Est. $119.4M

vs S&P Since Q1 27

+7.9%

BEATING MARKET

PD +5.5% vs S&P -2.4%

Market Reaction

Did PD Beat Earnings? Q1 2027 Results

PagerDuty delivered a strong beat on both lines in its fiscal first quarter of 2027, with non-GAAP earnings per share of $0.32 clearing the $0.25 consensus by 29.14% and revenue of $120.97 million edging past estimates by 1.34%, even as top-line grow… Read more PagerDuty delivered a strong beat on both lines in its fiscal first quarter of 2027, with non-GAAP earnings per share of $0.32 clearing the $0.25 consensus by 29.14% and revenue of $120.97 million edging past estimates by 1.34%, even as top-line growth remained modest at 1.0% year over year. The standout driver was a dramatic improvement in profitability: GAAP operating income swung to $9.18 million from a $10.33 million loss a year ago, while non-GAAP operating margin expanded to 24.6% from 20.3%, fueled by sharply lower stock-based compensation and reduced sales and marketing spend. Free cash flow surged to $41.19 million, supporting a new $100 million share repurchase program of which $65.46 million was already deployed in the quarter, a move that sent shares up sharply. The results also coincided with a CEO transition, with John DiLullo stepping in as the company pivots toward AI-driven products and usage-based pricing. Looking ahead, PagerDuty guided Q2 revenue of $122.00 to $124.00 million and raised its full-year non-GAAP EPS outlook to $1.27 to $1.32, reflecting continued margin discipline even as growth stabilizes.

Key Takeaways

  • • Continued execution on strategic and operational priorities exceeding guidance
  • • Expanding AI offers and new Operations Cloud usage-based package
  • • Significant reduction in stock-based compensation expense from $25.8M to $18.0M
  • • Lower sales and marketing costs at $39.6M vs $50.0M year over year
  • • Fourth consecutive quarter of GAAP profitability

PD Forward Guidance & Outlook

For Q2 FY2027, PagerDuty expects total revenue of $122.0–$124.0 million and non-GAAP EPS of $0.29–$0.31 (assuming ~78 million diluted shares and a 20% non-GAAP tax rate). For full-year FY2027, the company maintained revenue guidance of $488.5–$496.5 million and raised non-GAAP EPS guidance to $1.27–$1.32 (from $1.23–$1.28), assuming ~79 million diluted shares and a 20% non-GAAP tax rate.

24/7 Wall St

PD YoY Financials

Q1 2027 vs Q1 2026, source: SEC Filings

“Our Q1 results exceeded guidance for both revenue and non-GAAP operating margin, reflecting continued execution against our strategic and operational priorities. Our expanding AI offers and the introduction of the new Operations Cloud usage-based package, further strengthens our platform and positions PagerDuty to accelerate long-term growth.”

— Jennifer Tejada, Q1 2027 Earnings Press Release

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