Okta Q2 FY27: 11% Revenue Growth, Permiso Acquisition Closed, $350M Notes Settled
OKTA has more than doubled off its 52-week low of $62.66.
Summary
Okta's Q2 FY27 10-Q confirms 11% revenue growth, the completed Permiso acquisition, settlement of $350M in convertible notes, and continued buyback execution.
Key Events · Earnings and Guidance · OKTA
-
Q2 Revenue Up 11% to $805M
Total revenue grew 11% year-over-year to $805M, with subscription revenue up 12% to $793M. Net income nearly doubled to $116M from $67M a year ago.
-
Permiso Acquisition Completed
Okta completed its acquisition of Permiso Security Inc. on August 26, 2026, broadening identity threat detection and response capabilities. Consideration is still being evaluated.
-
$350M Convertible Notes Settled in Cash
The 2026 Notes matured on June 15, 2026, and Okta settled the full remaining $350M principal in cash, eliminating the associated capped call instruments.
-
Buyback: $366M Repurchased, $555M Remaining
Okta repurchased 4,569,262 shares for $366M in H1 FY27 under its $1B authorization. $555M remains available for future repurchases.
Analysis · OKTA · Technology
Okta delivered a strong quarter with 11% revenue growth to $805M and net income of $116M, nearly doubling year-over-year. The 10-Q confirms the Permiso acquisition closed on August 26, 2026, extending Okta's identity threat detection capabilities. The company also settled its remaining $350M convertible notes in cash and repurchased $366M of stock in the first half, leaving $555M on its $1B buyback authorization. Four executives adopted 10b5-1 plans, a routine diversification signal. The balance sheet remains strong with $2.3B in cash and investments.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 29.9% of the 1591 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.24%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, OKTA was trading at $130.21 on NASDAQ in the Technology sector, with a market capitalization of approximately $22.7B. The 52-week trading range was $62.66 to $157.00. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.