TENB · Tenable Holdings, Inc.

Tenable Holdings delivered strong Q1 2026 results, with revenue of $262.1 million reflecting 9.6% year-over-year growth, driven by robust adoption of the Tenable One platform amid rising demand for exposure management in an AI-accelerated threat landscape. GAAP profitability marked a significant turnaround, achieving $8.8 million in operating income and 3.3% margin compared to prior-year losses, while non-GAAP operating margin expanded 320 basis points to 23.6%, signaling improved operational efficiency. Management highlighted strong customer urgency for AI-related cybersecurity solutions, evidenced by 406 new enterprise platform customers and 43 net new six-figure deals. The launch of Tenable Hexa AI, an agentic engine automating security workflows, positions the company as a leader, reinforced by Gartner recognition as the 'Company to Beat' for AI-powered exposure assessment and a Challenger in CPS Protection Platforms. Cash generation remained robust at $88.0 million in operating cash flow, supporting $130 million in share repurchases of 6.1 million shares. Guidance reflects confidence, raising full-year revenue outlook to $1.068-$1.078 billion and non-GAAP operating income to $252-$262 million, with unlevered free cash flow projected at $285-$295 million. Co-CEOs Steve Vintz and Mark Thurmond emphasized market tailwinds from AI-driven threats and supply chain risks, underscoring Tenable's strategic focus on proactive risk reduction.