Okta Q4 Earnings Beat, Q1 Revenue Guidance Falls Short

Okta Inc. (OKTA) reported fourth-quarter earnings on March 4, 2026, that exceeded expectations, but the company forecast first-quarter revenue below Street estimates. It attributed the weaker outlook to economic uncertainty that is cooling enterprise tech spending, signaling the slowest growth since its 2017 IPO.

Quarter Results and Guidance

Okta said in a press release that it beat Wall Street estimates on fourth-quarter revenue and earnings for the period ended January 31, 2026. It set first-quarter fiscal 2027 revenue guidance at $749 million to $753 million, below the consensus of $754.9 million. The company said its full-year fiscal 2027 revenue outlook remained in line with expectations.

Growth Outlook and Drivers

The first-quarter guidance implies single-digit revenue growth, the slowest pace since Okta’s 2017 IPO. Management attributed the near-term slowdown to economic uncertainty affecting enterprise technology budgets. The company cited adoption of new products and continued trust from large organizations as key drivers of its fiscal-year performance. It also said it is benefiting from the rise of agentic AI—artificial intelligence that acts autonomously—and the related security demands.

Todd McKinnon, chief executive, said, “Our strong performance this fiscal year was fueled by the continued trust of the world's largest organizations and the accelerating adoption of our new products, reinforcing the value of our unified identity platform.”