Stock Market Live June 24, 2026: S&P 500 (SPY) Attempting to Regain Momentum
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
+8.4%
BEATING MARKET
PD +5.4% vs S&P -3.1%
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.
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
PD Earnings Trends
PD vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
PD EPS Trend
Earnings per share: estimate vs actual
PD Revenue Trend
Quarterly revenue: estimate vs actual
PD Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 27 BEAT | $0.25 | $0.32 | +29.14% | $121.0M | +1.34% |
| Q4 26 BEAT FY | $0.25 | $0.29 | +16.51% | $124.8M | +1.48% |
| FY Full Year | — | $1.16 | — | $492.5M | — |
| Q3 26 BEAT | $0.24 | $0.33 | +35.02% | $124.5M | -0.25% |
| Q2 26 BEAT | $0.20 | $0.30 | +49.25% | $123.4M | -0.09% |