Qualys Announces Second Quarter 2026 Financial Results

Qualys posts double-digit growth and raises 2026 guidance on strong Q2 results.

Risk flags

• ●The claim that Qualys' TotalCloud solution achieved FedRAMP High Authorization, sponsored by the U.S. Drug Enforcement Administration, is not substantiated with documentary or numerical evidence in the announcement. This omission limits independent verification of a potentially material operational milestone.
• ●Non-GAAP net income per diluted share guidance is not reconciled to GAAP due to undisclosed reconciling items such as stock-based compensation and amortization. The lack of reconciliation introduces uncertainty about the magnitude and impact of these adjustments on reported earnings.
• ●Forward-looking statements, including revenue and earnings guidance, are subject to standard cautionary factors and assumptions, such as effective tax rates and share count. Any deviation in these variables could materially affect actual results, as acknowledged by management.

Bottom line

Qualys delivered strong realised financial results for Q2 2026, with double-digit revenue growth, expanding margins, and a sharp increase in operating cash flow. The company’s raised full-year guidance signals confidence in continued operational momentum, and all key financial claims are fully supported by transparent numerical disclosures. The only notable gap is the lack of evidence for the FedRAMP High Authorization claim, which does not detract from the core financial signal but does limit independent validation of that operational milestone. Guidance for Q3 and full-year 2026 is credible given recent performance, though the absence of GAAP/non-GAAP reconciliation means investors should be cautious in interpreting adjusted earnings. The most important takeaway is that Qualys is executing well on profitability and cash generation, with near-term growth prospects underpinned by realised results rather than aspirational targets.

Announcement summary

(NASDAQ: QLYS) Qualys, Inc. announced financial results for the second quarter ended June 30, 2026, reporting revenues of $182.2 million. The company achieved GAAP net income of $52.4 million, non-GAAP net income of $69.2 million, and Adjusted EBITDA of $83.8 million for the quarter. GAAP net income per diluted share was $1.50, and non-GAAP net income per diluted share was $1.98. GAAP gross profit for the quarter was $151.9 million with a gross margin of 83%, while non-GAAP gross profit was $154.5 million with a gross margin of 85%. Operating cash flow for the quarter increased by 77% to $59.6 million compared to $33.8 million for the same quarter in 2025. The company raised its full year 2026 revenue guidance to a range of $732.0 million to $738.0 million, representing 9% to 10% growth over 2025. Management expects third quarter 2026 revenues to be in the range of $185.5 million to $187.5 million.

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