EarningsQ2 2026 Earnings Report
MX:QLYS Q2 2026 EPS Results
Actual EPS$35.96
Consensus EPS$32.33
Beat/MissBeat by +$3.63
One Year Ago EPS$30.51
MX:QLYS Q2 2026 Revenue Results
Actual Revenue$3.33B
Expected Revenue$3.24B
Beat/MissBeat by +$88.03M
YoY Revenue Growth+11.92%
Earnings Announcement Details
QuarterQ2 2026
Date08/04/2026
TimeAfter Close
Conference CallTuesday, August 4, 2026
MX:QLYS Upcoming Earnings
Qualys's next earnings date is estimated for November 4, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:QLYS Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was broadly positive: management reported solid top-line growth (Q2 revenues +11%), improved profitability (46% adjusted EBITDA margin), strong free cash flow, raised full-year revenue and EPS guidance, meaningful product innovation (AI-native ROC agents) and customer upsells. Several metrics showed momentum — billings, net dollar expansion (105%), LTM current billings acceleration — and management highlighted strategic wins, partner-led growth and a large market opportunity (including federal). Offsetting factors include continued investment-driven OpEx increases, executive turnover, the early-stage nature of many ETM conversions (longer sales cycles and timing uncertainty), modest decline in VMDR mix, and a conservative billings assumption for H2 despite Q2 strength. Overall, the positives (revenue beat, guidance raise, product differentiation and healthy cash generation) outweigh the manageable execution and timing risks.Company Guidance
Revenue Growth
Q2 revenues grew 11% year-over-year to $182.2 million.
Adjusted EBITDA and Profitability
Adjusted EBITDA was $83.8 million, representing a 46% margin (versus 45% a year ago). GAAP/non-GAAP reconciliations provided; Q2 EPS was $1.98.
Channel and Geographic Momentum
Channel contribution increased to 54% of total revenues (from 49% a year ago); channel revenues grew 22%. International revenue grew 15% versus U.S. growth of 8%; U.S./International mix was 55%/45%.
Bookings, Billings and Expansion Metrics
Billings grew ~16% in the quarter (Q&A). Net dollar expansion rate improved to 105% (up from 104% last quarter and 103% at the start of the year). LTM current billings growth accelerated to 10% (from 8.5% last quarter).
Raised Full-Year Guidance
Full-year 2026 revenue guidance was raised to $732M–$738M (growth of 9%–10%), up from prior guidance of $721M–$727M. Q3 revenue guide set to $185.5M–$187.5M (9%–10% growth). Full-year EPS guidance raised to $7.74–$7.88 (from $7.44–$7.65).
Strong Free Cash Flow and Capital Allocation
Q2 free cash flow was $55.9 million, a 31% margin (versus 20% prior year). Company repurchased $76.8 million of stock (797k shares) in the quarter with $229.8 million remaining on the buyback program.
Product Adoption and Pipeline Momentum
ETM/CSAM comprised 12% of total bookings and 14% of new bookings on an LTM basis (up from 9%/10% a year ago). Patch management made up 9% of total bookings and 16% of new bookings LTM (versus 7%/16% prior year). TotalCloud remained at 5% of LTM bookings.
Major Product and Platform Innovations
Launched AI-native ROC capabilities including Agent Insta/InstaScan (scanless, near-instant detection), Agent Val/TruConfirm (exploit validation and hyperprioritization), Agent Sara (AI-driven autonomous remediation waves), peer-to-peer patching, and TotalAI 2.0 for security-for-AI visibility and posture. Live benchmarking showed exposure window collapsed from 21 days to minutes and auto-patched ~60% of vulnerabilities.
Customer Wins & QFlex Traction
Notable upsells: a Global 300 customer (low seven-figure QFlex annual upsell) and a European healthcare customer (six-figure QFlex upsell) adopting VMDR, ETM, TruRisk Eliminate and TotalAI. QFlex launched for enterprise customers and is contributing to platform expansion discussions.
Federal Opportunity & Compliance Positioning
Company highlighted a growing federal pipeline and emphasized FedRAMP High platform capability as a differentiator for fast detection and remediation (aligned with CISA expectations).
MX:QLYS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed