PagerDuty (PD) Earnings: Q2 Fiscal 2027 Results and Next Report Date

The quarter ended July 31, 2026 and PagerDuty published the results on August 27, 2026. Revenue and diluted EPS are shown against Q2 fiscal 2026, the same quarter a year earlier, which takes seasonal swings out of the comparison. PagerDuty reports EPS two ways: GAAP, under the accounting rules every US filer follows, and non-GAAP, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• PagerDuty's fiscal year ends January 31, so Q2 fiscal 2027 is the three months ended July 31, 2026.
• GAAP EPS is net income attributable to PagerDuty, Inc. common stockholders ($4.7 million), which is after a $3.1 million adjustment attributable to a redeemable non-controlling interest. Net income attributable to PagerDuty, Inc. was $7.8 million.
• After the quarter, in August 2026, PagerDuty announced a restructuring that cuts headcount by about 15%, with $5.5 million to $7.5 million of charges expected, mostly in Q3 fiscal 2027.

Source: PagerDuty Q2 fiscal 2027 results, August 27, 2026. Also in the Form 10-Q for the quarter ended July 31, 2026. Figures as reported; checked against the release on November 10, 2026.

How PagerDuty splits revenue in its own release, under its own labels, for Q2 fiscal 2027 against Q2 fiscal 2026. Indented lines are parts of the line above them.

• PagerDuty's United States revenue was $87.3 million in Q2 fiscal 2027, down 1% from $88.1 million in Q2 fiscal 2026, 70% of total revenue.
• PagerDuty's International revenue was $37.1 million in Q2 fiscal 2027, up 5% from $35.3 million in Q2 fiscal 2026, 30% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

The first three lines are PagerDuty's outlook for the third quarter of fiscal 2027. The last is its revenue outlook for the full fiscal year 2027.

In its Q2 fiscal 2027 release, PagerDuty said:

“Total revenue of $123.0 million - $125.0 million.”

“Non-GAAP operating margin of 26.5% to 27.5%.”

“Non-GAAP net income per diluted share attributable to PagerDuty, Inc. common stockholders of $0.34 - $0.36, assuming approximately 80 million diluted shares and a non-GAAP tax rate of 20%.”

“Total revenue of $491.5 million - $496.5 million.”

Source: PagerDuty Q2 fiscal 2027 release (Form 8-K, Exhibit 99.1), Aug 27, 2026.

This is the company's own guidance as of Aug 27, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the PD forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP revenue and diluted EPS attributable to PagerDuty, Inc. common stockholders, each as first reported in that quarter's release.

PagerDuty's next report is expected around November 24, 2026, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q2 fiscal 2027 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q2 fiscal 2027 (this page), reported Aug 27, 2026

PagerDuty's revenue was $124.4 million in Q2 fiscal 2027, up 0.8% from $123.4 million a year earlier. PagerDuty earns it primarily from cloud-hosted software subscriptions to its Operations Cloud platform, with additional revenue from term-license arrangements, and it reports a single operating segment. (PagerDuty Q2 fiscal 2027 release, Aug 27, 2026; PagerDuty Form 10-K, fiscal 2026, Mar 12, 2026; PagerDuty Form 10-Q, Q2 fiscal 2027, Aug 27, 2026)

In the 10-Q, PagerDuty said revenue increased primarily because of growth from new and existing customers, with the existing-customer growth driven mainly by upsell of additional products and services. Annual recurring revenue (ARR) was $501 million on July 31, 2026, and the dollar-based net retention rate was 98%, down from 102% a year earlier. (PagerDuty Form 10-Q, Q2 fiscal 2027, Aug 27, 2026; PagerDuty Q2 fiscal 2027 release, Aug 27, 2026)

United States customers produced $87.3 million of revenue in the quarter, down from $88.1 million, while international revenue rose to $37.1 million from $35.3 million. No other single country reached 10% of revenue, and no single customer accounted for 10% or more of revenue. (PagerDuty Form 10-Q, Q2 fiscal 2027, Aug 27, 2026)

PagerDuty had about $426 million of remaining performance obligations under subscription contracts on July 31, 2026, and expects to recognize about $309 million of it, or 73%, over the next 12 months. Customers with ARR over $100 thousand numbered 884, and total paid customers were 15,506. (PagerDuty Form 10-Q, Q2 fiscal 2027, Aug 27, 2026; PagerDuty Q2 fiscal 2027 release, Aug 27, 2026)

PagerDuty's GAAP diluted EPS was $0.06 in Q2 fiscal 2027, against non-GAAP EPS of $0.32. The non-GAAP figure excludes $16.5 million of stock-based compensation, amortization of acquired intangible assets, $3.3 million of executive transition costs paid to former executives, and the adjustment attributable to a redeemable non-controlling interest, among other items. (PagerDuty Q2 fiscal 2027 release, Aug 27, 2026)

Net income attributable to PagerDuty, Inc. was $7.8 million, but GAAP EPS is calculated on net income attributable to common stockholders, $4.7 million, after a $3.1 million adjustment attributable to the redeemable non-controlling interest. PagerDuty recorded a $4.4 million tax provision in the quarter, against a $1.9 million tax benefit a year earlier. (PagerDuty Q2 fiscal 2027 release, Aug 27, 2026; PagerDuty Form 10-Q, Q2 fiscal 2027, Aug 27, 2026)

Buybacks cut PagerDuty's diluted share count to 79,141 thousand from 94,198 thousand a year earlier. In the first half of fiscal 2027 PagerDuty repurchased 8,532,838 shares, completing its 2025 program, and bought none in the second quarter itself; in May 2026 the board authorized a new program of up to $100 million. (PagerDuty Q2 fiscal 2027 release, Aug 27, 2026; PagerDuty Form 10-Q, Q2 fiscal 2027, Aug 27, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

PagerDuty publishes a numeric outlook in each release. For Q3 fiscal 2027 it guided total revenue of $123.0 million to $125.0 million, a non-GAAP operating margin of 26.5% to 27.5%, and non-GAAP EPS of $0.34 to $0.36 on about 80 million diluted shares. For the full fiscal year 2027 it guided revenue of $491.5 million to $496.5 million and non-GAAP EPS of $1.33 to $1.37. (PagerDuty Q2 fiscal 2027 release, Aug 27, 2026)

PagerDuty does not reconcile the non-GAAP outlook to GAAP. Its 10-Q adds that the August 2026 restructuring, a reduction of about 15% of headcount, is expected to bring $5.5 million to $7.5 million of charges, with the majority in the third quarter of fiscal 2027. (PagerDuty Q2 fiscal 2027 release, Aug 27, 2026; PagerDuty Form 10-Q, Q2 fiscal 2027, Aug 27, 2026)

A consensus figure is the average of the models published by the analysts who cover PagerDuty, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones PagerDuty's own release and filings put weight on for Q2 fiscal 2027, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning PD is on is PD a buy or a sell?, what analysts expect next is on the PD forecast, and what the company does is on the PagerDuty (PD) stock page.

Every number on this page can be traced to a document PagerDuty published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.