Tenable Beats Q3 Estimates, Raises Full-Year 2026 Revenue and EPS Outlook
TENB has more than doubled off its 52-week low of $15.725.
Summary
Tenable beat Q3 revenue and profit expectations and raised its full-year 2026 outlook to $1.084-$1.087 billion in revenue and $2.16-$2.19 in non-GAAP EPS.
Key Events · Earnings and Guidance · TENB
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Q3 Revenue Beats at $276.4M
Revenue rose 9.5% year-over-year to $276.4 million, with GAAP net income of $11.3 million and diluted EPS of $0.10 versus $0.02 a year ago.
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Full-Year Outlook Raised
FY2026 revenue guidance is now $1.084-$1.087 billion with non-GAAP EPS of $2.16-$2.19 and unlevered free cash flow of $289-$295 million; Q4 revenue is guided to $277.0-$280.0 million.
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Margins Expand on AI Products
Non-GAAP operating margin reached 27.1%, up 380 basis points year-over-year, while dollar-based net expansion improved to 107% from 106% in Q2.
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Buyback and Convertible Debt Reshape Balance Sheet
Tenable repurchased 6.8 million shares for $223.8 million in the quarter, including 5.3 million shares for $170.5 million tied to the $800 million convertible notes issuance.
Analysis · TENB · Technology
Tenable exceeded every guided metric in Q3 and lifted its full-year outlook, with revenue of $276.4 million (up 9.5%) and non-GAAP EPS of $0.63 versus $0.42 a year ago. The raised full-year range of $1.084-$1.087 billion and non-GAAP EPS of $2.16-$2.19 resets the bar higher for the remaining quarter, and the 27.1% non-GAAP operating margin shows the profit engine is expanding even as the company spends on AI-related product work. Cash generation is the quiet strength: $69.4 million of unlevered free cash flow in the quarter funds both the buyback and the newly added convertible debt interest.
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In the 30 days to Oct 29, 2026, 31% of the 1656 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.01%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, TENB was trading at $51.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.4B. The 52-week trading range was $15.73 to $50.21. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.