Filing Flows › Dynatrace (DT) › Q2 FY27
Dynatrace (DT) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Nov 3, 2026
Dynatrace (DT) reported revenue of $580M for the second quarter fiscal 2027 (Q2 FY27), +17% from a year earlier and +5% from the quarter before. Operating margin was 16.5%, net earnings $67.8M (11.7% of revenue).
Dynatrace, Q2 FY27: revenue $580M (+17% year over year), operating margin 16.5%, net earnings $67.8M, operating cash flow $41.1M. The chart follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $580M | +5% | +17% |
| Gross profit | $467M | +4% | +16% |
| Operating profit | $95.6M | +34% | +31% |
| Net earnings | $67.8M | +85% | +18% |
| Operating cash flow | $41.1M | -87% | +28% |
| Free cash flow | $36.0M | -88% | +29% |
What changed
Revenue was $579.9M in Q2 FY27, up 17% year over year and up 5% from the previous quarter. Subscription was the largest line at 95% of revenue. Subscription added $80.0M year over year (up 17%), 93% of the total change.
Gross margin was 80.6%, down 1.3 points from Q2 FY26. Operating profit was $95.6M, a 16.5% margin (up 1.7 points year over year). Of the extra revenue versus Q2 FY26, 26% reached operating profit, above the 15% margin then. Operating expenses grew 12% against revenue growth of 17%. The fastest-growing cost line was General & admin (+21%). Net earnings were $67.8M, up 18% year over year. The effective tax rate was 36.7%.
Operating cash flow was $41.1M (up 28% year over year), 61% of net earnings. Non-cash charges added back $7.9M of depreciation and amortization and $78.2M of share-based compensation. Working capital and other items used $112.7M. Capital expenditures of $5.1M left free cash flow of $36.0M.
Questions
What was Dynatrace's revenue in the second quarter fiscal 2027?
Dynatrace (DT) reported revenue of $580M for the second quarter fiscal 2027 (Q2 FY27), +17% from a year earlier and +5% from the quarter before.
Was Dynatrace profitable in the second quarter fiscal 2027?
Operating profit was $95.6M (16.5% of revenue) and net earnings $67.8M.
Source: Dynatrace 10-Q on SEC EDGAR.