Companies /Technology

Pagerduty Inc

NYSE: PD Software - Application
$13.77
▼ $0.27 (−1.92%) today
Markets closed · 6:28am ET

Q4 2026 Earnings

Reported Mar 12, 2026, 4:17pm ET · SEC source
$0.29
Beat +16.51%
EPS · est. $0.25
$124.8M
Beat +1.48%
Revenue · est. $123.0M
−16.3%
Trailing market
PD vs S&P since report
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
0+7%+14%Mar 12Mar 13report 4:17pm ETearnings−0.7%+14.2%
0+7%+14%Mar 12Mar 13earnings−0.7%+14.2%
PD +14.2%S&P 500 −0.7%
0+7%+14%Mar 12Mar 13report 4:17pm ETearnings−0.7%+14.2%
0+7%+14%Mar 12Mar 13earnings−0.7%+14.2%
PD +14.2%NASDAQ −0.7%
0+8%+16%+24%Mar 11Mar 20report 4:17pm ETearnings−2.4%+12.2%
0+8%+16%+24%Mar 11Mar 20earnings−2.4%+12.2%
PD +12.2%S&P 500 −2.4%
0+8%+16%+24%Mar 11Mar 20report 4:17pm ETearnings−2.2%+12.2%
0+8%+16%+24%Mar 11Mar 20earnings−2.2%+12.2%
PD +12.2%NASDAQ −2.2%
−2.75%
Day of report
−1.84%
Next session
−2.12%
One week
−10.61%
30 days

S&P 500 over the same 30 days: +5.68%.

Did PD Beat Earnings? Q4 2026 Results

PagerDuty delivered a mixed but largely better-than-expected fourth quarter for fiscal 2026, posting adjusted EPS of $0.29 against a consensus estimate of $0.25, a beat of 16.51%, while revenue of $124.78 million edged past the $122.96 million consensus by 1.48% and grew 2.8% year over year. The profitability outperformance was driven by meaningful margin expansion, with non-GAAP operating margin reaching 23.9% compared to 18.3% a year ago, reflecting disciplined cost management even as top-line growth remained modest. The results were tempered, however, by weaker retention metrics; annual recurring revenue grew just 1% to $499 million and dollar-based net retention slipped to 98% from 106% a year ago, signaling ongoing contraction headwinds that at least one analyst called disappointing. Looking ahead, PagerDuty guided Q1 fiscal 2027 revenue to $118 million to $120 million, with full-year 2027 revenue of $488.5 million to $496.5 million, a midpoint implying roughly flat growth as the company navigates churn pressures while expanding its AI-native customer base.

Key Takeaways
  • Non-GAAP operating margin expanded to 23.9% in Q4 from 18.3% year over year
  • Third consecutive quarter of GAAP profitability
  • Total free and paid customers grew approximately 14% year over year to over 35,000
  • Customers with ARR over $100K grew 1% to 861
  • 700-basis-point expansion in non-GAAP operating margin for the full year

“Fiscal 2026 was a transformational year for PagerDuty, marked by stabilized revenue retention, a top-end guidance beat with $493 million in revenue, and a 700-basis-point expansion in non-GAAP operating margin.”

PagerDuty CEO, on the earnings call

Forward Guidance & Outlook

For Q1 fiscal 2027, PagerDuty expects revenue of $118.0 million to $120.0 million and non-GAAP diluted EPS of $0.23 to $0.25 (assuming ~83 million diluted shares and a 20% non-GAAP tax rate). For full fiscal year 2027, the company expects revenue of $488.5 million to $496.5 million and non-GAAP diluted EPS of $1.23 to $1.28 (assuming ~81 million diluted shares and a 20% non-GAAP tax rate).

PD YoY Financials

Q4 2026 vs Q4 2025 · SEC filings Q4 2025 Q4 2026
$0$40.0M$80.0M$120.0M$121.4M$124.8MRevenue$101.5M$107.2MGross Profit$1.9M$4.5MOperating Income$3.6M$11.0MNet Income
$0$40.0M$80.0M$120.0MRevenueGross ProfitOperating IncomeNet Income

Figures from SEC filings and company reports. Not investment advice.