Tenable Q3 revenue beats estimates; raises FY outlook

Tenable Holdings

28/10/2026 20:23

Overview
Cybersecurity exposure management firm's Q3 revenue rose 9.5%, beating analyst expectations
Company repurchased 6.8 mln shares for $223.8 mln during the quarter

Outlook
Tenable raises full-year 2026 revenue outlook to $1.084 bln-$1.087 bln
Company expects Q4 revenue between $277.0 mln and $280.0 mln
Tenable forecasts 2026 non-GAAP EPS of $2.16-$2.19

Result Drivers
AI-DRIVEN PLATFORM ADOPTION - Co said broader adoption of Tenable One, including integration of AI features, contributed to Q3 growth
NEW CUSTOMER GROWTH - Co added 413 new enterprise platform customers and 39 net new six-figure customers in Q3

Company press release: ID:nGNX77wvvq

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$276.39 mln
$271.62 mln (20 Analysts)
Q3 Net Income
 
$11.30 mln
 
Q3 Gross Profit
 
$215.06 mln
 
Q3 Operating Expenses
 
$198.35 mln
 
Q3 Operating Income
 
$16.71 mln
 
Q3 Pretax Profit
 
$10.76 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 9 "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 $36.00, about 26% below its October 27 closing price of $48.65
The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 18 three months ago

Reuters Recommended Reads
Oct 28 - Gen Digital raises annual revenue forecast on strong cybersecurity demand
Oct 28 - Google launches Gemini 4 Carbon AI model with cybersecurity focus
Oct 28 - Researchers warn of surging law firm cyber attacks fueled by AI

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.)