Tenable Holdings (TENB) Q3 2026 Earnings
Non-GAAP EPS excludes $2,637 thousand loss on extinguishment of debt, $147 thousand restructuring and $33 thousand acquisition-related expenses, along with stock-based compensation of $51,217 thousand and amortization of acquired intangibles of $6,782 thousand; GAAP diluted EPS was $0.10.
How Did TENB Stock React to Q3 2026 Earnings?
Did TENB Beat Earnings? Q3 2026 Results
Yes. Tenable Holdings reported Q3 2026 earnings of $0.63 a share on Oct 28, 2026, beating the $0.51 consensus estimate by 24.1%. Revenue was $276.4M against a $271.6M estimate.
Tenable Holdings delivered a standout third quarter of 2026, posting adjusted EPS of $0.63 against a consensus estimate of $0.51, a beat of 24.06% that extended the cybersecurity firm's streak of topping EPS estimates to five consecutive quarters. Revenue climbed 9.5% year over year to $276.39 million, edging past the $271.60 million consensus by 1.76%, as subscription revenue surged to $254.60 million from $232.21 million a year earlier and recurring revenue held at 95% of the total. The profitability story was equally compelling; non-GAAP operating margin expanded 380 basis points to 27.1%, reflecting disciplined cost management in sales, marketing, and general and administrative expenses. Remaining performance obligations grew 14.4% to $1.06 billion, signaling durable demand that investors had been waiting to see convert from bookings momentum into hard revenue. Tenable raised its full-year outlook, now guiding revenue of $1.08 billion to $1.09 billion and non-GAAP diluted EPS of $2.16 to $2.19, while projecting fourth-quarter revenue of $277.00 million to $280.00 million.
- Subscription revenue grew to $254.6 million from $232.2 million
- Customers expanding relationships with the Tenable One platform
- Dollar-based net expansion rate improved to 107% from 106% in Q2 2026
- Non-GAAP operating margin expanded 380 basis points to 27.1%
- Non-GAAP sales and marketing expense fell to 30.7% of revenue from 32.8%
- Remaining performance obligations grew 14.4% to $1.063 billion
“We delivered an excellent third quarter, exceeding every one of our guided metrics.”
Tenable Holdings CEO, on the earnings call
What Is Tenable Holdings's Outlook?
Tenable raised its full-year outlook after beating all of its Q3 guided metrics. For Q4 2026, it expects: - Revenue of $277.0–$280.0 million. - Non-GAAP income from operations of $67.1–$70.1 million. - Non-GAAP net income of $63.6–$66.6 million. - Non-GAAP diluted EPS of $0.56–$0.58, on 114.0 million diluted weighted average shares. For full-year 2026, it expects: - Revenue of $1.084–$1.087 billion. - Non-GAAP income from operations of $270.0–$273.0 million. - Non-GAAP net income of $250.0–$253.0 million. - Non-GAAP diluted EPS of $2.16–$2.19, on 115.5 million diluted shares. - Unlevered free cash flow of $289.0–$295.0 million.
TENB YoY Financials
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $276.4M | $252.4M | +9.5% |
| Gross Profit | $215.1M | $195.7M | +9.9% |
| Operating Income | $16.7M | $7.1M | +134.2% |
| Net Income | $11.3M | $2.3M | +400.0% |
TENB Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.