Earnings results often indicate what direction a company will take in the months ahead. With Q2 behind us, let’s have a look at Qualys (NASDAQ:QLYS) and its peers.
Cybersecurity continues to be one of the fastest-growing segments within software for good reason. Almost every company is slowly finding itself becoming a technology company and facing rising cybersecurity risks. Businesses are accelerating adoption of cloud-based software, moving data and applications into the cloud to save costs while improving performance. This migration has opened them to a multitude of new threats, like employees accessing data via their smartphone while on an open network, or logging into a web-based interface from a laptop in a new location.
The 9 cybersecurity stocks we track reported a strong Q2. As a group, revenues beat analysts’ consensus estimates by 1.7% while next quarter’s revenue guidance was 0.9% above.
Luckily, cybersecurity stocks have performed well with share prices up 25% on average since the latest earnings results.
Best Q2: Qualys (NASDAQ:QLYS)
Originally developed to address the growing complexity of IT security in the cloud era, Qualys (NASDAQ:QLYS) provides a cloud-based platform that helps organizations identify, manage, and protect their IT assets from cyber threats across on-premises, cloud, and mobile environments.
Qualys reported revenues of $182.2 million, up 11% year on year. This print exceeded analysts’ expectations by 2%. Overall, it was an exceptional quarter for the company with a solid beat of analysts’ billings estimates and an impressive beat of analysts’ adjusted operating income estimates.
"In Q2, we continued to execute well, demonstrated by another quarter of solid revenue growth and profitability," said Sumedh Thakar, Qualys' president and CEO.
Interestingly, the stock is up 20.4% since reporting and currently trades at $193.95.
Is now the time to buy Qualys? Access our full analysis of the earnings results here, it’s free.
Okta (NASDAQ:OKTA)
Named after the meteorological measurement for cloud cover, Okta (NASDAQ:OKTA) provides cloud-based identity management solutions that help organizations securely connect their employees, partners, and customers to the right applications and services.
Okta reported revenues of $805 million, up 10.6% year on year, outperforming analysts’ expectations by 1.5%. The business had a strong quarter with an impressive beat of analysts’ billings estimates and a solid beat of analysts’ adjusted operating income estimates.
The market seems happy with the results as the stock is up 62.4% since reporting. It currently trades at $218.31.
Is now the time to buy Okta? Access our full analysis of the earnings results here, it’s free.
Weakest Q2: SentinelOne (NYSE:S)
Built on the principle of "fighting machine with machine," SentinelOne (NYSE:S) provides an AI-powered cybersecurity platform that autonomously prevents, detects, and responds to threats across endpoints, cloud workloads, and identity systems.
SentinelOne reported revenues of $292 million, up 20.6% year on year, exceeding analysts’ expectations by 0.6%. Still, it was a slower quarter as it posted full-year EPS guidance missing analysts’ expectations significantly and EPS guidance for next quarter missing analysts’ expectations significantly.
SentinelOne delivered the weakest performance against analyst estimates in the group. The company added 13 enterprise customers paying more than $100,000 annually to reach a total of 1,715. Interestingly, the stock is up 13.8% since the results and currently trades at $25.85.
Read our full analysis of SentinelOne’s results here.
Palo Alto Networks (NASDAQ:PANW)
Founded in 2005 by security visionary Nir Zuk who sought to reimagine firewall technology, Palo Alto Networks (NASDAQ:PANW) provides AI-powered cybersecurity platforms that protect organizations' networks, clouds, and endpoints from sophisticated threats.
Palo Alto Networks reported revenues of $3.41 billion, up 34.4% year on year. This print beat analysts’ expectations by 1.7%. It was a strong quarter as it also recorded EPS guidance for next quarter exceeding analysts’ expectations and full-year EPS guidance beating analysts’ expectations.
Palo Alto Networks pulled off the highest guidance raise, fastest revenue growth, and highest full-year guidance raise among its peers. The stock is up 16.3% since reporting and currently trades at $421.
Read our full, actionable report on Palo Alto Networks here, it’s free.
Zscaler (NASDAQ:ZS)
Pioneering the "zero trust" approach that has fundamentally changed enterprise network security, Zscaler (NASDAQ:ZS) provides a cloud-based security platform that connects users, devices, and applications securely without traditional network-based security hardware.
Zscaler reported revenues of $898.2 million, up 24.9% year on year. This result topped analysts’ expectations by 2.4%. Overall, it was a strong quarter as it also logged EPS guidance for next quarter exceeding analysts’ expectations and full-year EPS guidance exceeding analysts’ expectations.
Zscaler scored the biggest analyst estimate beat of the whole group. The stock is up 19.6% since reporting and currently trades at $212.59.
Read our full, actionable report on Zscaler here, it’s free.
Market Update
Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership.
Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products.
By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals.
Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.