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PagerDuty Shares Gain 3% After Q2 Earnings Beat Despite Soft Revenue Guidance

PagerDuty Inc. (NYSE:PD) rose 3% on Thursday after reporting fiscal second-quarter earnings above expectations, though revenue and full-year guidance disappointed investors.

Adjusted EPS was $0.30, beating consensus of $0.20. Revenue was $123 million, slightly under estimates of $123.65 million but up 6.4% year-over-year.

The company narrowed FY26 revenue guidance to $493–$497 million, with the midpoint below consensus of $496.5 million. Adjusted EPS was raised to $1.00–$1.04, topping estimates of $0.97.

Annual recurring revenue stood at $499 million, up 5% year-over-year. Customers with ARR above $100,000 grew 6% to 868, while total paying customers rose to 15,322 from 15,044 a year earlier.

For Q3, PagerDuty forecast revenue of $124–$126 million and EPS of $0.24–$0.25.

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