Netskope reported second quarter fiscal 2027 results that exceeded analyst estimates for both revenue and non-GAAP profitability. The performance was driven by sustained demand for the Netskope One platform and early traction in AI security solutions, though Annual Recurring Revenue (ARR) finished below some bullish preview targets despite solid year-over-year growth.
Key Highlights
- Revenue reached $220.5 million, a 29% year-over-year increase that surpassed the $214.2 million analyst consensus.
- Non-GAAP net loss per share was $0.03, representing a significant outperformance compared to the estimated $0.26 loss.
- Annual Recurring Revenue (ARR) grew 27% year-over-year to $899 million, trailing the $940 million specific preview estimate.
- Full-year fiscal 2027 revenue guidance was initiated at a range of $888 million to $892 million, with a projected free cash flow margin of 2%.