Filing Flows › PagerDuty (PD) › Q2 FY26
PagerDuty (PD) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Sep 4, 2025
PagerDuty (PD) reported revenue of $123M for the second quarter fiscal 2026 (Q2 FY26), +6% from a year earlier and +3% from the quarter before. Operating margin was 2.9%, net earnings $9.6M (7.8% of revenue).
PagerDuty, Q2 FY26: revenue $123M (+6% year over year), operating margin 2.9%, net earnings $9.6M, operating cash flow $34.0M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $123M | +3% | +6% |
| Gross profit | $104M | +4% | +9% |
| Operating profit | $3.6M | — | — |
| Net earnings | $9.6M | — | — |
| Operating cash flow | $34.0M | +11% | -5% |
| Free cash flow | $30.2M | — | -9% |
What changed
Revenue was $123.4M in Q2 FY26, up 6% year over year and up 3% from the previous quarter.
Gross margin was 84.6%, up 1.9 points from a year earlier. Operating profit was $3.6M, a 2.9% margin (up 16.7 points year over year). Operating expenses fell 10% while revenue rose 6%. Net earnings were $9.6M ($9.4M including minority interests, which bore $161K of losses). The effective tax rate was -24.7%. Non-operating items added $4.0M, 53% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $34.0M (down 5% year over year), 361% of net earnings. Non-cash charges added back $3.1M of depreciation and amortization and $26.0M of share-based compensation. Working capital and other items used $4.5M. After capitalization of software costs ($2.9M) and purchases of property and equipment ($874K), free cash flow as the company reports it was $30.2M.
Questions
What was PagerDuty's revenue in the second quarter fiscal 2026?
PagerDuty (PD) reported revenue of $123M for the second quarter fiscal 2026 (Q2 FY26), +6% from a year earlier and +3% from the quarter before.
Was PagerDuty profitable in the second quarter fiscal 2026?
Operating profit was $3.6M (2.9% of revenue) and net earnings $9.6M.
Source: PagerDuty 10-Q on SEC EDGAR.