Qualys, Inc. (NASDAQ: QLYS) announced its financial results for the third quarter ended September 30, 2026. The company reported revenues of $188.0 million for the quarter, representing an 11% increase compared to the same period in 2025. The company also provided updated financial guidance for the fourth quarter and the full year of fiscal 2026.
For the third quarter, Qualys reported GAAP net income of $57.2 million, or $1.62 per diluted share. Non-GAAP net income was $74.8 million, or $2.12 per diluted share. The company reported GAAP gross profit of $156.7 million, with a gross margin of 83%, while non-GAAP gross profit was $159.3 million with a margin of 85%. Adjusted EBITDA for the quarter was $89.9 million, and operating cash flow increased by 13% year-over-year to $101.8 million.
Regarding the outlook, Qualys expects fourth quarter 2026 revenues to be between $191.0 million and $193.0 million, representing 9% to 10% growth over the same quarter in 2025. The company raised its full-year 2026 revenue guidance to a range of $736.9 million to $738.9 million, up from the previous range of $732.0 million to $738.0 million. This represents 10% growth over 2025. Qualys also raised its GAAP net income per diluted share guidance for the full year to a range of $6.08 to $6.15, and non-GAAP net income per diluted share guidance to a range of $8.07 to $8.14.
Qualys highlighted several business developments, including the introduction of InstaScan, a new vulnerability detection feature powered by Agent Insta. The company also noted advancements in its TruRisk Eliminate capabilities and TotalAI governance features. Analyst recognition for the company was also mentioned, including being named a Leader in the IDC MarketScape for Worldwide DAST and receiving the highest score in the 2026 Forrester Wave for Proactive Security Platforms.
