Qualys beats Q2 expectations, hikes FY forecast

Overview

• US cloud security provider's Q2 revenue rose 11% yr/yr, beating analyst expectations

• Adjusted EPS for Q2 beat analyst expectations

• Company raised full-year 2026 revenue and EPS guidance

Outlook

• Qualys raises 2026 revenue guidance to $732.0-$738.0 mln from $721.0-$727.0 mln

• Company expects Q3 revenue between $185.5 mln and $187.5 mln

• Qualys sees full-year GAAP EPS at $5.76-$5.90, up from prior $5.40-$5.61

Result Drivers

• AI-ENABLED SOLUTIONS - Co said ongoing innovation in AI for security and security for AI contributed to Q2 growth

• FEDERAL PIPELINE - Co cited a growing federal pipeline of new business opportunity as a driver for Q2 results

• PARTNER EXECUTION - Strong partner-led execution and early QFlex engagement supported Q2 performance

Company press release: ID:nPn9yHlnga

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 17 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the it services consulting peer group is "buy."

• Wall Street's median 12-month price target for Qualys Inc is $130.00, about 16.1% below its August 3 closing price of $154.89

• The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 11 three months ago

Reuters Recommended Reads

• Aug 3 - Cybersecurity firm Horizon3 crosses $2 billion valuation in new funding round

• Aug 4 - Obsidian Security raises funding at $1.1 billion valuation on AI security demand

• Aug 3 - Palantir lifts annual revenue forecast on steady demand for AI-powered data analytics

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)