The beat-and-raise quarter with accelerating subscription revenue and margin expansion signals strong execution. Monitor Q4 guidance midpoint of $278.5M revenue and $0.57 non-GAAP EPS for continued momentum, and watch for further adoption of Tenable One platform as a catalyst.
Price Chart
Executive Summary
Tenable reported Q3 2026 revenue of $276.4M (up 9.5% YoY) and non-GAAP EPS of $0.63, beating consensus estimates of $271.6M and $0.51 respectively. The company raised its full-year 2026 revenue guidance to $1.084B-$1.087B and non-GAAP EPS to $2.16-$2.19, reflecting strong operational performance and margin expansion.
Key Financial Metrics
Key Facts
- Q3 2026 revenue of $276.4M, up 9.5% YoY, above consensus of $271.6M
- Non-GAAP diluted EPS of $0.63, above consensus of $0.51
- Non-GAAP operating margin expanded 380 bps YoY to 27.1%
- Full-year 2026 revenue guidance raised to $1.084B-$1.087B
- Full-year 2026 non-GAAP EPS guidance raised to $2.16-$2.19
- Subscription revenue of $254.6M, up 9.6% YoY, representing 92% of total revenue
- Dollar-based net expansion rate improved to 107% from 106% in Q2 2026
- Added 413 new enterprise platform customers and 39 net new six-figure customers
- Net cash from operations of $72.5M, unlevered FCF of $69.4M
- Repurchased 6.8M shares for $223.8M during the quarter
Financial Impact
Revenue beat by $4.8M (1.8%), non-GAAP EPS beat by $0.12 (23.5%), full-year guidance raised by $7M-$10M on revenue and $0.03-$0.06 on EPS
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Subscription revenue | $254.6M | +9.6% |
| Perpetual license and maintenance revenue | $9.7M | -12.4% |
| Professional services and other revenue | $12.1M | +32.1% |
Risk Factors
- Share repurchase activity may mask underlying dilution from convertible note issuance
- Competitive pressure in cybersecurity exposure management market
- Macroeconomic uncertainty could slow enterprise spending on security tools
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3390740 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 28, 2026 1d ago | 8-K | No price | awaiting T+20 | awaiting T+20 | No price |
Oct 28, 2026 1d ago | Press Release | $50.00 | awaiting T+20 | awaiting T+20 | $51.78 (+3.56%) |
Oct 13, 2026 16d ago | 8-K | $38.12 | awaiting T+20 | awaiting T+20 | $51.78 (+35.83%) |
Oct 6, 2026 23d ago | 3 | $38.94 | awaiting T+20 | awaiting T+20 | $51.78 (+32.97%) |
Oct 6, 2026 23d ago | 8-K | $39.47 | awaiting T+20 | awaiting T+20 | $51.78 (+31.20%) |
Sep 10, 2026 6w ago | Press Release | $30.11 $41.59 | ▼ −38.13% | ▼ −36.26% | $51.78 (−71.97%) |
Sep 3, 2026 8w ago | Press Release | $34.25 $38.51 | ▲ +12.44% | ▲ +11.84% | $51.78 (+51.18%) |
Jul 15, 2026 15w ago | Press Release | $40.19 $37.00 | ▼ −7.94% | ▼ −10.28% | $51.78 (+28.84%) |
Jun 29, 2026 17w ago | Press Release | $33.49 $32.25 | ▼ −3.70% | ▼ −3.42% | $51.78 (+54.61%) |
May 21, 2026 23w ago | 8-K | $25.45 $26.92 | ▲ +5.78% | ▲ +7.19% | $51.78 (+103.46%) |
US Market Status
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