PD PagerDuty, Inc.

MIXED Impact: 5/10 8-K
Horizon weeks Filed May 28, 2026 Processed 9d 23h ago SEC 0001568100-26-000030
8-K Item 2.02: Earnings release
Latest settled — T+5d
PD ▼ -7.04% at T+5d
NEUTRAL call ✗ call lost -7.04% · α vs SPY -4.54% · entry $9.95 → $9.25
Next anchor: T+20d in 11d
Last close $8.96 (close Jun 12) · -9.95% from $9.95 entry
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May 28, 04:05 PM ET
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call +7.44% · α +7.18%
$10.69
settled 17d ago
T+5d
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call -7.04% · α -4.54%
$9.25
settled 11d ago
T+20d
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Executive Summary

PagerDuty reported Q1 FY2027 revenue of $121.0M (+1% YoY), slightly below the $123.0M consensus, and non-GAAP EPS of $0.32, beating the $0.31 estimate by ~3%. The company maintained full-year revenue guidance of $488.5M-$496.5M but raised its non-GAAP EPS guidance to $1.27-$1.32 from $1.23-$1.28. The board authorized a new $100M share repurchase program. CEO Jennifer Tejada transitioned to Executive Chair, with John DiLullo taking over as CEO. The combination of a revenue miss, flat ARR, declining net retention (97% vs 104% YoY), and a CEO transition tempers the EPS beat and buyback announcement.

Key Financial Metrics

Guidance
$488.5M-$496.5M
raised
Free Cash Flow
$41.2M
Gross Margin
84.3%

Actionable Insight

The revenue miss and flat ARR with declining net retention signal ongoing growth deceleration, partially offset by profitability improvements and the buyback. The CEO transition adds execution risk. Watch the Q2 FY2027 report for any signs of ARR re-acceleration or further guidance revision.

Key Facts

  • Q1 FY2027 revenue of $121.0M, +1% YoY, below $123.0M consensus
  • Non-GAAP EPS of $0.32 beat $0.31 estimate by ~3%
  • GAAP EPS of $0.13 vs -$0.07 YoY; fourth consecutive quarter of GAAP profitability
  • ARR flat YoY at $496M; dollar-based net retention fell to 97% from 104%
  • Full-year FY2027 revenue guidance maintained at $488.5M-$496.5M
  • Full-year non-GAAP EPS guidance raised to $1.27-$1.32 from $1.23-$1.28
  • Board authorized a new $100M share repurchase program through May 2028
  • CEO transition: Jennifer Tejada to Executive Chair, John DiLullo appointed CEO
  • Free cash flow of $41.2M, up from $28.9M YoY; operating cash flow $44.3M
  • Cash and investments totaled $444.0M as of April 30, 2026

Financial Impact

Revenue miss of ~$2M vs consensus; EPS beat of ~$0.01; $100M buyback authorization (~14% of market cap)

revenueepsarrnet retentionguidance

Risk Factors

  • Flat ARR and declining net retention (97%) indicate slowing customer expansion
  • CEO transition introduces near-term execution uncertainty
  • Revenue growth decelerated to 1% YoY, the lowest in recent history
  • Full-year revenue guidance implies ~0% growth at midpoint, suggesting no near-term re-acceleration

Market Snapshot

Exchange
NYSE
Sector
Services-Prepackaged Software
Analyst Consensus
59% bullish (17 analysts)

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001568100-26-000030
Document: pd-20260527.htm0001568100-26-000030
Document: 0001568100-26-000030-index-headers.html0001568100-26-000030
Document: 0001568100-26-000030-index.html0001568100-26-000030
Document: 0001568100-26-000030.txt0001568100-26-000030
8-K Data (Synthetic)0001568100-26-000030
2 reports for PD
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May 28, 2026
17d ago
8-K
MIXED ★ 5/10
$9.95 $9.25▼ −7.04%▼ −4.54%$8.96 (−9.95%)
May 13, 2026
4w ago
3
NEUTRAL ★ 2/10
$6.73 $7.05▲ +4.75%▲ +5.47%$8.96 (+33.14%)
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