Okta Raises Guidance as CEO Frames Company as 'Security Layer' for AI Agents

Okta reported second-quarter fiscal 2027 results on August 26, 2026, with revenue of $805 million, up 11% year-over-year from $728 million, and non-GAAP EPS of $1.05, up 15.4% year-over-year and beating consensus estimates by 9.38%.

Raised Guidance

• Full fiscal 2027 revenue outlook raised to $3.216-3.226 billion, implying 10-11% growth, up from a prior $3.185-3.205 billion range
• Non-GAAP EPS guidance raised to $3.90-3.94, up from a prior $3.79-3.87 range

Positioning Around Agentic AI Security

CEO Todd McKinnon described the agentic AI security opportunity as 'very early' but framed Okta as positioned to help organizations discover AI agents operating in their environment, secure their connections, govern their actions, and respond when something goes wrong — capabilities the company argues are necessary for deploying agents safely at scale. Management specifically stated this opportunity is not expected to materially affect fiscal 2027 results but could become material starting in 2028 if current momentum continues.

What This Means for Identity and Access Management Buyers

Okta's explicit framing of AI agent identity and governance as a distinct, forward-looking product category — rather than folding it into existing identity management messaging — is a useful signal that agentic AI is creating genuinely new security requirements distinct from traditional human-user identity management. Organizations already deploying or planning to deploy AI agents internally should treat agent-specific identity, access governance and audit capabilities as a distinct evaluation category when assessing identity and access management vendors, rather than assuming existing IAM tooling automatically extends to cover agent-based access patterns.