Q2 26 EPS
$1.98
BEAT +10.94%
Est. $1.78
Q2 26 Revenue
$182.2M
BEAT +1.93%
Est. $178.7M
vs S&P Since Q2 26
+16.4%
BEATING MARKET
QLYS +16.6% vs S&P +0.2%
Market Reaction
Did QLYS Beat Earnings? Q2 2026 Results
Qualys delivered a convincing second quarter, posting non-GAAP EPS of $1.98 against a consensus estimate of $1.78, a beat of 10.94% that extended the company's streak of exceeding analyst EPS expectations to four consecutive quarters. Revenue climbed… Read more Qualys delivered a convincing second quarter, posting non-GAAP EPS of $1.98 against a consensus estimate of $1.78, a beat of 10.94% that extended the company's streak of exceeding analyst EPS expectations to four consecutive quarters. Revenue climbed 11.0% year-over-year to $182.18 million, edging past the $178.72 million consensus by 1.93%, as accelerating billings growth and strong partner execution drove the outperformance. Calculated current billings grew 16% year-over-year to $176.45 million, up sharply from 8% growth in the prior-year period, signaling healthy demand momentum heading into the back half of the fiscal year. Operating cash flow surged 77% year-over-year to $59.60 million, representing 33% of revenues. Management responded by lifting full-year 2026 revenue guidance to $732.00 million to $738.00 million and raising non-GAAP EPS guidance to $7.74 to $7.88, with third-quarter revenue expected in the $185.50 million to $187.50 million range, reflecting continued confidence in reaccelerating long-term growth.
Key Takeaways
- • 11% year-over-year revenue growth
- • Calculated current billings growth accelerated to 16% YoY from 8% in Q2 2025
- • Operating cash flow increased 77% year-over-year
- • GAAP operating margin expanded to 34% from 31% YoY
- • Non-GAAP operating margin expanded to 45% from 43% YoY
QLYS Forward Guidance & Outlook
Qualys raised full-year 2026 revenue guidance to $732.0–$738.0 million (9%–10% YoY growth), up from previous guidance of $721.0–$727.0 million. Full-year non-GAAP EPS guidance was raised to $7.74–$7.88 from $7.44–$7.65, and GAAP EPS guidance was raised to $5.76–$5.90 from $5.40–$5.61. For Q3 2026, management expects revenues of $185.5–$187.5 million (9%–10% YoY growth), GAAP EPS of $1.43–$1.50, and non-GAAP EPS of $1.91–$1.98, based on approximately 35.0 million weighted average diluted shares.
QLYS YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
“In Q2, we continued to execute well, demonstrated by another quarter of solid revenue growth and profitability.”
— Sumedh Thakar, Q2 2026 Earnings Press Release
QLYS Earnings Trends
QLYS vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
QLYS EPS Trend
Earnings per share: estimate vs actual
QLYS Revenue Trend
Quarterly revenue: estimate vs actual
QLYS Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $1.78 | $1.98 | +10.94% | $182.2M | +1.93% |
| Q1 26 BEAT | $1.80 | $1.95 | +8.38% | $175.6M | +1.16% |
| Q4 25 BEAT FY | $1.78 | $1.87 | +4.91% | $175.3M | +1.21% |
| FY Full Year | — | $7.07 | — | $669.1M | — |
| Q3 25 BEAT | $1.56 | $1.86 | +19.17% | $169.9M | +2.15% |
| Q2 25 BEAT | $1.48 | $1.68 | +13.34% | $164.1M | +0.23% |