Filing Flows › Dynatrace (DT) › Q1 FY27
Dynatrace (DT) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Aug 5, 2026
Dynatrace (DT) reported revenue of $555M for the first quarter fiscal 2027 (Q1 FY27), +16% from a year earlier and +4% from the quarter before. Operating margin was 12.9%, net earnings $36.7M (6.6% of revenue).
Dynatrace, Q1 FY27: revenue $555M (+16% year over year), operating margin 12.9%, net earnings $36.7M, operating cash flow $306M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $555M | +4% | +16% |
| Gross profit | $451M | +5% | +15% |
| Operating profit | $71.5M | +91% | +15% |
| Net earnings | $36.7M | +110% | -24% |
| Operating cash flow | $306M | +35% | +14% |
| Free cash flow | $303M | +43% | +16% |
What changed
Revenue was $554.5M in Q1 FY27, up 16% year over year and up 4% from the previous quarter. Subscription was the largest line at 96% of revenue. Subscription added $72.7M year over year (up 16%), 94% of the total change.
Gross margin was 81.3%, down 0.8 points from Q1 FY26. Operating profit was $71.5M, a 12.9% margin (down 0.2 points year over year). Of the extra revenue versus Q1 FY26, 12% reached operating profit, below the 13% margin then. Operating expenses grew 15% against revenue growth of 16%. The fastest-growing cost line was Research & development (+26%). Net earnings were $36.7M, down 24% year over year. The effective tax rate was 54.6%.
Operating cash flow was $306.2M (up 14% year over year), 836% of net earnings. Non-cash charges added back $7.6M of depreciation and amortization and $73.6M of share-based compensation. Working capital and other items added $188.4M. Capital expenditures of $3.2M left free cash flow of $303.1M.
Questions
What was Dynatrace's revenue in the first quarter fiscal 2027?
Dynatrace (DT) reported revenue of $555M for the first quarter fiscal 2027 (Q1 FY27), +16% from a year earlier and +4% from the quarter before.
Was Dynatrace profitable in the first quarter fiscal 2027?
Operating profit was $71.5M (12.9% of revenue) and net earnings $36.7M.
Source: Dynatrace 10-Q on SEC EDGAR.