Netskope Q2 2027 Financial Results Exceed Guidance

SANTA CLARA, Calif., USA - Netskope, Inc. (NASDAQ: NTSK), a leader in modern security and networking for the cloud and AI era, announced its financial results for the second quarter of fiscal year 2027 ended July 31, 2026, exceeding guidance across every metric.

Annual Recurring Revenue (ARR) grew 27 percent year-over-year to $899 million, while total revenue for the second quarter reached $220.5 million, marking a 29 percent increase compared to the same period last year. The performance was driven by organic innovation and durable customer demand for the Netskope One platform.

Financial Highlights

• ARR: Reached $899 million, up 27% year-over-year.
• Revenue: $220.5 million, up 29% year-over-year.
• Gross Margin: GAAP gross margin was 74% and non-GAAP gross margin was 77%.
• Operating Results: GAAP loss from operations was $(89.8) million; non-GAAP loss from operations was $(19.3) million.
• Net Loss: GAAP net loss per share was $(0.27), and non-GAAP net loss per share was $(0.03).

Looking ahead to the third quarter of fiscal 2027, Netskope expects revenue between $227 million and $229 million, a non-GAAP operating margin of approximately (8) percent, and a non-GAAP net loss per share of $(0.03) to $(0.04). For the full year fiscal 2027, the company projects total revenue of $888 million to $892 million and a non-GAAP gross margin of approximately 77 percent.