Tenable Q1 revenue beats estimates on Tenable One adoption

Tenable Holdings

29/04/2026 21:46

Overview

Cybersecurity exposure management firm's Q1 revenue rose 9.6%, beating analyst expectations

Adjusted EPS for Q1 increased

Company repurchased 6.1 mln shares for $130 mln in Q1

Outlook

Tenable sees Q2 revenue between $263 mln and $266 mln

Company expects 2026 revenue between $1.068 bln and $1.078 bln

Tenable forecasts 2026 unlevered free cash flow of $285 mln to $295 mln

Result Drivers

TENABLE ONE ADOPTION - Co said strong adoption of Tenable One platform drove Q1 results

AI-RELATED DEMAND - Co said heightened urgency among customers to address AI-driven threats supported growth

HEXA AI LAUNCH - Co introduced Hexa AI to automate security workflows, aiming to strengthen its market position

Company press release: ID:nGNX8gdS3X

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$262.06 mln
$258.79 mln (20 Analysts)
Q1 Net Income
$1.41 mln
Q1 Gross Profit
$205.39 mln
Q1 Operating Expenses
$196.63 mln
Q1 Operating Income
$8.76 mln
Q1 Pretax Profit
$5.09 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 12 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Tenable Holdings Inc is $28.33, about 38.6% above its April 28 closing price of $20.44

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 13 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)