Tenable Q2 revenue beats estimates on Tenable One momentum, new customer growth

Tenable Holdings

29/07/2026 21:42

Overview
Cybersecurity exposure management firm's Q2 revenue rose 8.6% yr/yr, beating analyst expectations
Adjusted EPS for Q2 was $0.51, up from $0.34 a year earlier
Company repurchased 5.2 mln shares for $100 mln in Q2

Outlook
Tenable sees Q3 revenue between $270 mln and $273 mln
Company expects Q3 non-GAAP EPS of $0.49 to $0.52
Tenable forecasts 2026 revenue of $1.075 bln to $1.081 bln

Result Drivers
TENABLE ONE MOMENTUM - Co said continued adoption of Tenable One platform drove Q2 results, citing demand for AI-native capabilities and simplified pricing
NEW CUSTOMER GROWTH - Co added 381 new enterprise platform customers and 32 net new six-figure customers in Q2

Company press release: ID:nGNXbSBYN7

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$268.51 mln
$264.83 mln (20 Analysts)
Q2 GAAP Net Income
 
$3.81 mln
 
Q2 Gross Profit
 
$208.18 mln
 
Q2 Operating Expenses
 
$195.81 mln
 
Q2 Operating Income
 
$12.37 mln
 
Q2 Pretax Profit
 
$6.94 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 14 "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 $35.00, about 11.6% above its July 28 closing price of $31.37
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 9 three months ago

Reuters Recommended Reads
July 28 - Ribbon Communications Q2 revenue beats estimates on record IP Optical bookings
July 27 - F5 raises annual revenue growth forecast again on strong cybersecurity demand
July 28 - Commvault Q1 revenue rises on subscription growth

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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.)