Okta reports Q1 revenue up 11% YoY to $765M, vs. $752M est., says the agentic AI build-out is spiking demand for its identity tools; OKTA jumps 7%+ after hours

Summary

Okta reported a 11% year-over-year increase in Q1 revenue to $765 million, exceeding estimates of $752 million. The company attributed the growth to the increasing demand for its identity tools driven by the agentic AI build-out.

Why it matters

Okta's revenue growth is a positive indicator of the increasing demand for identity tools in the market.

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Okta reports Q1 revenue up 11% YoY to $765M, vs. $752M est., says the agentic AI build-out is spiking demand for its identity tools; OKTA jumps 8%+ after hours

5/29/2026, 5:31:04 AM

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