Tenable (NASDAQ:TENB) Announces Earnings Results

Posted by Brian Himes on Jul 31st, 2026

Tenable (NASDAQ:TENB – Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.47 by $0.04, FiscalAI reports. Tenable had a return on equity of 13.58% and a net margin of 0.65%.The company had revenue of $268.51 million for the quarter, compared to analyst estimates of $264.87 million. During the same period last year, the company earned $0.34 earnings per share. Tenable’s quarterly revenue was up 8.6% compared to the same quarter last year. Tenable updated its FY 2026 guidance to 1.950-2.000 EPS and its Q3 2026 guidance to 0.490-0.520 EPS.

Here are the key takeaways from Tenable’s conference call:

Second-quarter results exceeded guidance, with revenue of $268.5 million, up 8.6% year over year, and non-GAAP operating margin of 24.7%. Management raised full-year 2026 revenue, operating income, EPS, and free-cash-flow guidance.
Tenable One accounted for a record 50% of new business, with Advanced adoption roughly twice that of Foundation. Larger platform deals, strong competitive displacements, and customer expansions lifted net dollar expansion to 106%, its first sequential increase since Q1 2022.
The company reported strong early customer engagement with its AI offerings: more than 80% of Hexa users submit prompts, nearly half take action, and hundreds of Tenable One customers are using the product. Management said demand is being driven by concerns about accelerated AI-enabled vulnerability discovery and the need for automated, preemptive remediation.
Tenable plans to increase sales capacity in the second half while maintaining profitability targets, and repurchased $100 million of stock in Q2, with $108 million remaining under its authorization. Despite improved momentum and pipeline, revenue growth guidance remains in the high-single-digit range, and management cautioned that new bookings convert to revenue gradually because contracts are recognized ratably.

Tenable Trading Down 0.7%

Tenable stock traded down $0.22 during trading on Friday, hitting $32.33. The company had a trading volume of 329,288 shares, compared to its average volume of 3,267,004. Tenable has a 1-year low of $15.73 and a 1-year high of $43.67. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.42. The company’s 50 day simple moving average is $31.95 and its 200-day simple moving average is $24.56. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 644.53 and a beta of 0.93.

Key Headlines Impacting Tenable

Here are the key news stories impacting Tenable this week:

Positive Sentiment: Tenable reported second-quarter EPS of $0.51, above the $0.47 consensus estimate, while revenue rose 8.6% year over year to $268.5 million, exceeding expectations of $264.9 million. Non-GAAP operating margin improved to 24.7%, and operating cash flow reached $44.7 million. Tenable Announces Second Quarter 2026 Financial Results
Positive Sentiment: The company raised its outlook, projecting third-quarter EPS of $0.49–$0.52 versus the $0.42 consensus and full-year 2026 EPS of $1.95–$2.00 versus analysts’ $1.66 estimate. Revenue guidance was broadly in line with expectations. TENB Q2 Earnings Beat on Tenable One Momentum, Outlook Raised
Positive Sentiment: Management cited record adoption of its Tenable One platform, artificial-intelligence momentum and expansion among existing customers as growth drivers. Needham and Canaccord Genuity both raised their price targets to $36 and assigned buy ratings.
Neutral Sentiment: Wells Fargo lowered its target from $43 to $35 while retaining an equal-weight rating, implying modest potential upside but signaling a more cautious valuation view.
Negative Sentiment: Truist cut its target from $40 to $30 and downgraded Tenable to hold, indicating concern that the recent rally may have outpaced near-term fundamentals. Piper Sandler also reduced its rating, adding pressure from the analyst community. Tenable Gets a Rating Cut at Piper Sandler

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TENB. Quarry LP purchased a new position in Tenable in the third quarter valued at approximately $25,000. Cerity Partners LLC raised its stake in Tenable by 10.8% during the 4th quarter. Cerity Partners LLC now owns 9,906 shares of the company’s stock worth $233,000 after acquiring an additional 965 shares in the last quarter. California State Teachers Retirement System lifted its position in Tenable by 1.0% in the third quarter. California State Teachers Retirement System now owns 117,936 shares of the company’s stock valued at $3,439,000 after acquiring an additional 1,125 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new position in Tenable in the fourth quarter valued at $28,000. Finally, Atom Investors LP grew its holdings in shares of Tenable by 4.1% during the fourth quarter. Atom Investors LP now owns 34,325 shares of the company’s stock worth $808,000 after purchasing an additional 1,352 shares during the last quarter. Hedge funds and other institutional investors own 89.06% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Robert W. Baird set a $34.00 price target on shares of Tenable in a report on Thursday, April 30th. Wall Street Zen lowered shares of Tenable from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 24th. Susquehanna lifted their price objective on Tenable from $26.00 to $36.00 and gave the stock a “positive” rating in a report on Thursday. Needham & Company LLC boosted their price objective on Tenable from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Wedbush restated an “outperform” rating and issued a $29.00 target price on shares of Tenable in a research report on Tuesday, May 26th. Eight investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Tenable currently has an average rating of “Hold” and a consensus price target of $34.68.

Read Our Latest Research Report on TENB

About Tenable

(Get Free Report)

Tenable Holdings, Inc is a global cybersecurity company specializing in vulnerability management and continuous threat exposure assessment. Headquartered in Columbia, Maryland, Tenable was founded in 2002 by Ron Gula and Jack Huffard to address the growing need for proactive network security solutions. Over the years, the company has evolved from a pioneer in open-source vulnerability scanning to a leading provider of comprehensive security platforms that help organizations identify, investigate and prioritize cyber risks across on-premises, cloud and operational technology environments.

At the core of Tenable’s product suite is Nessus, one of the industry’s most widely adopted vulnerability scanners.