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FrontRow · Aug 26, 2026

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Okta shares gained about 19% in extended trading after the identity software provider surpassed Wall Street's fiscal second-quarter estimates. Revenue rose 11% from $728 million a year ago, Okta said. Net income totalled $116 million, or 65 cents per share, up from $67 million, or 37 cents per share a year ago. During the quarter, the company made its Okta for AI Agents tool for managing and securing agents widely available to all customers. New products accounted for 30% of total bookings, and Okta said it closed dozens of AI deals, including a multi-million-dollar deal with a healthcare company. The growth of agentic AI and the rise of cyber hacks orchestrated by agents are forcing companies to invest in more tools to manage swarms of new identities.

Okta shares gained about 19% in extended trading after the identity software provider surpassed Wall Street's fiscal second-quarter estimates. Revenue rose 11% from $728 million a year ago, Okta said. Net income totalled $116 million, or 65 cents per share, up from $67 million, or 37 cents per share a year ago. During the quarter, the company made its Okta for AI Agents tool for managing and securing agents widely available to all customers. New products accounted for 30% of total bookings, and Okta said it closed dozens of AI deals, including a multi-million-dollar deal with a healthcare company. The growth of agentic AI and the rise of cyber hacks orchestrated by agents are forcing companies to invest in more tools to manage swarms of new identities.

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