EarningsQ2 2026 Earnings Report
MX:TENB Q2 2026 EPS Results
Actual EPS$9.26
Consensus EPS$8.55
Beat/MissBeat by +$0.71
One Year Ago EPS$6.17
MX:TENB Q2 2026 Revenue Results
Actual Revenue$4.88B
Expected Revenue$4.81B
Beat/MissBeat by +$66.12M
YoY Revenue Growth+8.58%
Earnings Announcement Details
QuarterQ2 2026
Date07/29/2026
TimeAfter Close
Conference CallWednesday, July 29, 2026
MX:TENB Upcoming Earnings
Tenable Holdings's next earnings date is estimated for November 4, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:TENB Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call skewed positive: Tenable reported above-guidance Q2 results, raised full-year outlook, and showed strong product and commercial momentum (record Tenable One adoption, Hexa traction, improved net-dollar expansion, solid profitability and EPS gains). The primary caveats are modest top-line acceleration relative to investor expectations, small gross margin compression, historical weakness in expansion that only recently began to stabilize, and ongoing market/competitive uncertainties tied to the evolving AI threat landscape and large platform entrants. Overall, strengths and momentum materially outweigh the listed challenges.Company Guidance
Revenue Growth and Raised Outlook
Revenue of $268.5 million for Q2 2026, up 8.6% year-over-year. Company raised full-year revenue guidance to $1.075B–$1.081B (≈+7.9% YoY at midpoint) and Q3 revenue guidance to $270M–$273M (≈+7.6% YoY at midpoint).
Tenable One Adoption Surge
Tenable One accounted for a record 50% of new business (up from 41% in prior quarter and 40% in Q2 last year). Management expects Tenable One to continue growing as a percent of business and targets ~40% platform mix by year-end.
Improvement in Net Dollar Expansion
Net dollar expansion rate improved to 106%, up from 105% in the prior quarter — the first sequential increase in expansion rate since Q1 2022, signaling stronger expansion/renewal momentum.
Hexa Agentic AI Traction
Hexa launched in Q2 with strong early usage: hundreds of Tenable One customers using Hexa, >80% of users who open Hexa submit a prompt, nearly half use it to take action, ~90% of Hexa recommendations are accepted, and Hexa users engage an average of 6 Tenable One tools. Company created an overage SKU due to token consumption.
Profitability and EPS Improvement
Non-GAAP operating income of $66.2 million (24.7% of revenue), up 38.8% YoY (from $47.7M). Non-GAAP EPS $0.51, up 50% YoY (from $0.34). Company raised full-year non-GAAP operating income guidance to $258M–$264M and raised EPS guidance to $1.95–$2.00 (≈+24.2% YoY at midpoint).
Customer Adds and Large Deal Activity
Added 381 new enterprise customers and 32 net new 6-figure accounts in the quarter. Notable wins included a 6-figure Tenable One Advanced deal (manufacturing), a 3-year 7-figure expansion (financial services; largest transaction of the quarter), and displacing an incumbent at a large European postal service.
Cash Generation and Share Repurchase Activity
Cash & short-term investments of $298.2M. Generated $45.3M unlevered free cash flow in the quarter (vs $44.3M prior year). Repurchased 5.2M shares for $100M in the quarter and 11.4M YTD for ~ $230M (avg repurchase price $20.23); diluted shares lowest since Q4 2020.
Strategic Partnerships and Authorization Wins
Secured FedRAMP High authorization for Tenable One cloud exposure and deepened partnerships with Anthropic (Project Glasswing) and OpenAI (Daybreak) with access to non-public models and joint research — supporting threat insight and product differentiation.
Stable Gross Margin Within Historical Range
Non-GAAP gross margin of 81.4% for the quarter, within the company’s historical range (81%–82%), demonstrating maintained unit economics despite product investment.
MX:TENB 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