Okta Shares Surge on Strong Earnings, AI Security Demand

Okta reported stronger-than-expected second-quarter results on Wednesday, August 26, 2026, with revenue and earnings surpassing analyst forecasts and the company raising its full-year guidance. The identity security firm's shares surged in extended trading following the announcement, driven by robust demand for tools to secure artificial intelligence agents. For the fiscal second quarter ended July 31, 2026, Okta posted revenue of $805 million, an 11% increase from the same period a year earlier. This exceeded the analyst consensus of $793 million. On an adjusted basis, the company earned $1.05 per share, beating the forecast of $0.96. GAAP net income rose to $116 million, or $0.