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

PD Q2 2026 Earnings

Reported Sep 3, 2025 at 4:08 PM ET · SEC Source

Q2 26 EPS

$0.30

BEAT +49.25%

Est. $0.20

Q2 26 Revenue

$123.4M

MISS 0.09%

Est. $123.5M

vs S&P Since Q2 26

-54.4%

TRAILING MARKET

PD -41.4% vs S&P +13.0%

Market Reaction

Did PD Beat Earnings? Q2 2026 Results

PagerDuty posted a headline-grabbing earnings beat in its fiscal second quarter of 2026, with non-GAAP EPS of $0.30 clearing the $0.20 consensus estimate by 49.25%, even as revenue of $123.41 million came in fractionally below the $123.52 million exp… Read more PagerDuty posted a headline-grabbing earnings beat in its fiscal second quarter of 2026, with non-GAAP EPS of $0.30 clearing the $0.20 consensus estimate by 49.25%, even as revenue of $123.41 million came in fractionally below the $123.52 million expectation, a miss of just 0.09%. Revenue grew 6.5% year over year, and the more compelling story was on the bottom line, where disciplined cost management drove a dramatic swing to GAAP operating income of $3.57 million from an operating loss of $16.03 million a year ago, aided in part by stock-based compensation falling to $25.96 million from $32.37 million. Annual recurring revenue reached $499 million, growing 5% year over year, while the company's deepening push into AI-powered operations drew notable customer expansions including Shopify and The Lego Group. Looking ahead, PagerDuty guided Q3 revenue to $124 to $126 million and raised its full-year non-GAAP EPS outlook to $1.00 to $1.04, even as it trimmed the top end of its revenue range, a trade-off that reflects confidence in profitability despite a measured top-line posture.

Key Takeaways

  • • GAAP profitability achieved with operating income of $3.6 million vs. operating loss of $16.0 million a year ago
  • • Non-GAAP operating margin expanded to 25.4% from 17.3% year over year
  • • Solid growth across international markets
  • • Paid customer additions outpaced last year's full-year performance
  • • Customers with ARR over $100K grew 6% to 868
  • • Gross margin improved to 84.6% from 82.7% year over year
  • • Stock-based compensation declined significantly year over year
24/7 Wall St

PD YoY Financials

Q2 2026 vs Q2 2025, source: SEC Filings

“PagerDuty achieved important milestones in Q2, including GAAP profitability, solid growth across international markets, and paid customer additions that have already outpaced last year's full year performance.”

— Jennifer Tejada, Q2 2026 Earnings Press Release

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