Qualys beats Q2 expectations, hikes FY forecast

Qualys

04/08/2026 21:23

Overview
US cloud security provider's Q2 revenue rose 11% yr/yr, beating analyst expectations
Adjusted EPS for Q2 beat analyst expectations
Company raised full-year 2026 revenue and EPS guidance

Outlook
Qualys raises 2026 revenue guidance to $732.0-$738.0 mln from $721.0-$727.0 mln
Company expects Q3 revenue between $185.5 mln and $187.5 mln
Qualys sees full-year GAAP EPS at $5.76-$5.90, up from prior $5.40-$5.61

Result Drivers
AI-ENABLED SOLUTIONS - Co said ongoing innovation in AI for security and security for AI contributed to Q2 growth
FEDERAL PIPELINE - Co cited a growing federal pipeline of new business opportunity as a driver for Q2 results
PARTNER EXECUTION - Strong partner-led execution and early QFlex engagement supported Q2 performance

Company press release: ID:nPn9yHlnga

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$182.20 mln
$178.56 mln (18 Analysts)
Q2 Adjusted EPS
Beat
$1.98
$1.78 (19 Analysts)
Q2 EPS
 
$1.50
 
Q2 Adjusted Net Income
Beat
$69.20 mln
$62.86 mln (18 Analysts)
Q2 Adjusted EBITDA
Beat
$83.80 mln
$78.43 mln (14 Analysts)
Q2 Adjusted Operating Income
Beat
$81.40 mln
$74.33 mln (18 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 17 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the it services & consulting peer group is "buy."
Wall Street's median 12-month price target for Qualys Inc is $130.00, about 16.1% below its August 3 closing price of $154.89
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 11 three months ago

Reuters Recommended Reads
Aug 3 - Cybersecurity firm Horizon3 crosses $2 billion valuation in new funding round
Aug 4 - Obsidian Security raises funding at $1.1 billion valuation on AI security demand
Aug 3 - Palantir lifts annual revenue forecast on steady demand for AI-powered data analytics

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)