Okta (OKTA) Q3 Earnings Report Preview: What To Look For

Identity management company Okta (NASDAQ:OKTA) will be reporting earnings this Tuesday after the bell. Here’s what to expect.

Okta beat analysts’ revenue expectations by 2.3% last quarter, reporting revenues of $728 million, up 12.7% year on year. It was a strong quarter for the company, with a solid beat of analysts’ EBITDA estimates and full-year EPS guidance beating analysts’ expectations.

Is Okta a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Okta’s revenue to grow 9.8% year on year to $729.9 million, slowing from the 13.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.76 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Okta has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 2.5% on average.

Looking at Okta’s peers in the cybersecurity segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Qualys delivered year-on-year revenue growth of 10.4%, beating analysts’ expectations by 2.2%, and Zscaler reported revenues up 25.5%, topping estimates by 1.9%. Qualys traded up 20.6% following the results while Zscaler was down 13.2%.

Read our full analysis of Qualys’s results here and Zscaler’s results here.

Debates around the economy’s health and the impact of potential tariffs and corporate tax cuts have caused much uncertainty in 2025. While some of the cybersecurity stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.8% on average over the last month. Okta is down 11.8% during the same time and is heading into earnings with an average analyst price target of $118.80 (compared to the current share price of $80.33).

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