How Did Qualys (NASDAQ:QLYS) Lift Revenue 11% and Non-GAAP Earnings to $2.12 a Share?

Sonal Goyal

10 November 2026 06:56 PM AEDT

How Did Qualys (NASDAQ:QLYS) Lift Revenue 11% and Non-GAAP Earnings to $2.12 a Share?

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Key Highlights

Revenue rose 11% to $188.0 million in the third quarter of 2026.
GAAP Net Income was $57.2 million, or $1.62 per diluted share.
Non-GAAP net income was $74.8 million, or $2.12 per diluted share, and Adjusted EBITDA was $89.9 million.
GAAP gross Margin was 83%, compared with 84% in the same quarter of 2025.

Qualys, Inc. (NASDAQ:QLYS) reported third-quarter 2026 Revenue of $188.0 million, an increase of 11% from the prior-year quarter.

Revenue Growth and Demand

Revenue for the quarter reached $188.0 million, up from $169.9 million in the third quarter of 2025. He added that customers are seeking a vendor-neutral platform that fixes security issues rather than only reporting them.

GAAP Gross Profit increased 10% to $156.7 million, compared with $142.1 million a year earlier. Non-GAAP gross profit rose 10% to $159.3 million. Gross profit grew at a slightly slower pace than revenue, which is why the GAAP gross margin edged down to 83% from 84% in the same quarter of 2025.

Earnings and Profitability

GAAP net income was $57.2 million, or $1.62 per diluted share, while non-GAAP net income reached $74.8 million, or $2.12 per diluted share. Adjusted EBITDA was $89.9 million for the quarter.

Strategic Direction

The company's revenue growth of 11% exceeded its gross profit growth of 10%, which places a slight pressure on gross margin.

Final Word

Revenue rose 11% to $188.0 million in the third quarter of 2026. GAAP net income was $57.2 million, or $1.62 per diluted share.

FAQs

Q: What was Qualys's third-quarter 2026 revenue?

A: Revenue was $188.0 million, up 11% from $169.9 million in the third quarter of 2025.

Q: What was GAAP net income per share?

A: GAAP net income was $57.2 million, or $1.62 per diluted share.

Q: What was non-GAAP net income?

A: Non-GAAP net income was $74.8 million, or $2.12 per diluted share, and Adjusted EBITDA was $89.9 million.

Q: What is the company's gross margin?

A: GAAP gross margin was 83% for the third quarter of 2026, compared with 84% in the same quarter of 2025.

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