QLYS · Qualys, Inc.

Qualys reported solid first quarter 2026 results, with revenue increasing 10% year-over-year to $175.6 million, driven by adoption of its Enterprise TruRisk Management solution and the AI-native Risk Operations Center. GAAP operating income grew 18% to $60.9 million, expanding operating margins to 35% from 32% in the prior year period, demonstrating operating leverage. Non-GAAP operating income rose 14% to $80.9 million with a margin of 46%. Adjusted EBITDA remained strong at $83.3 million, or 47% of revenue. Management highlighted the tangible impact of its AI-driven risk fabric and growing partner ecosystem as key business drivers. Operating cash flow decreased 13% year-over-year to $95.3 million. Looking forward, Qualys raised its full-year 2026 revenue guidance to a range of $721.0 million to $727.0 million, up from the prior range of $717.0 million to $725.0 million. Full-year non-GAAP EPS guidance was also raised to $7.44–$7.65 from $7.17–$7.45, reflecting confidence in durable, profitable growth.