QLYS

QUALYS INC

Technology | Mid Cap

$1.45

EPS Forecast

$176.6

Revenue Forecast

The company already released most recent quarter's earnings. We will publish our AI's next quarter's forecast around 2026-08-29

Qualys Q2 2026: FedRAMP, AI, and a Trumpet-Blasting Revenue Forecast Raise QLYS Outlook

Company: Qualys, Inc. (NASDAQ: QLYS). Key numbers to watch: EPS (GAAP) $1.50; EPS (non‑GAAP) $1.98; Revenue $182.2 million. The filing notes an absence of an explicit EPS consensus or earnings surprise data, even as the company touts a higher revenue forecast for 2026.

Executive snapshot

Qualys reported a solid Q2 2026, with revenue of $182.2 million, up 11% year over year from $164.1 million in the same quarter of 2025. GAAP net income came in at $52.4 million, or $1.50 per diluted share, while non‑GAAP net income rose to $69.2 million, or $1.98 per diluted share. Adjusted EBITDA stood at $83.8 million, representing 46% of revenues, a touch above the prior-year level.

On the profit line, gross profit was $151.9 million under GAAP (gross margin 83%), and non‑GAAP gross profit was $154.5 million (non‑GAAP gross margin 85%). Operating income under GAAP was $61.9 million (34% of revenues); non‑GAAP operating income was $81.4 million (45% of revenues). Cash flow followed the trend, with operating cash flow of $59.6 million, about 33% of revenue.

In short, the company delivered healthy top-line momentum and solid margin expansion, even as it continues to invest in AI-native risk management and cloud security capabilities.

The filing does not provide an EPS consensus figure or an earnings surprise read, but the reported GAAP and non‑GAAP metrics paint a picture of steady execution against a backdrop of growing demand for integrated security platforms.

Management commentary

Sumedh Thakar, Qualys’ president and CEO, framed Q2 as another demonstration of execution—driven by AI-enabled security, a broad enterprise push for risk visibility, and a commitment to scalable profitability. The narrative emphasizes AI for security and security for AI as a strategic anchor, with enterprise TruRisk Management and a growing federal pipeline underscoring a blended demand base across commercial and government sectors.

The company highlighted that TotalCloud achieved FedRAMP High Authorization, sponsored by the DEA, extending the Qualys Government Platform to include this authorization. That development signals a government-grade push into cloud-native security, potentially widening public-sector opportunities while validating the platform’s compliance credentials for multi-vendor environments.

Guidance and forward look

Qualys renewed its revenue outlook for 2026, lifting the revenue forecast to a range of $732.0 million to $738.0 million. The raise, framed alongside continued margins and cash flow strength, suggests management sees durable demand for a unified risk management platform—one that merges weaknesses across heterogeneous environments into quantified, remediated risk managed at enterprise speed.

Beyond pure numbers, the commentary emphasizes growth avenues like AI-native risk operations and security solutions that can span on‑prem and cloud environments, with a federal angle via the FedRAMP authorization pathway.

What this might portend for peers and the sector

For sector peers, the FedRAMP High milestone for TotalCloud is a reminder that government-scale security needs are increasingly approachable for cloud-native players with the right compliance framework. The combination of double‑digit revenue growth, strong gross margins, and robust cash flow strengthens the case for continued investment in AI-driven security platforms that can operate across multi-vendor ecosystems without sacrificing governance.

Economically, the mix of GAAP and non‑GAAP profitability signals a mature product cycle where growth is supported by healthy gross margins and disciplined operating spend. As more vendors chase federal contracts and enterprise deals alike, incremental gains in Adjusted EBITDA margins would matter almost as much as the top line—especially if AI-driven risk operations unlock higher net retention and cross-sell opportunities.

Bottom line

Qualys’ Q2 2026 results reinforce a thesis in which AI-enabled security, cloud-first architectures, and government-grade compliance converge to drive durable growth. The reported EPS figures, revenue, and cash flow paint a picture of a company not merely selling protection but building an integrated risk platform that customers can scale. For investors watching EPS and revenue forecast trajectories, QLYS remains a name to watch as the sector edges toward broader adoption of unified risk management and more government-facing cloud workloads.