Wall Street analysts expect Okta to report consensus revenue of $0.793 billion and non-GAAP EPS of $0.97 for the quarter ending July 31, 2026, with the current stock price of $130.97 trading approximately 7% below the average analyst target of $140.54. The key focus for this earnings report is Current Remaining Performance Obligations (cRPO), which serves as the primary barometer for identity security demand and AI agent adoption.
Supporting this outlook is Okta's recent $200 million acquisition of Permiso, intended to bolster its threat detection capabilities across cloud environments. While the company maintains a strong beat streak, investors are looking for cRPO growth to exceed the 11% guidance to justify current valuation premiums.