GoKawiilOkta shares jump 19% as AI-driven identity security demand lifts earnings
Okta reported quarterly revenue up 11% to over $800 million and net income more than doubling to $116 million, beating Wall Street estimates and sending shares up 19%. The company said new products, including its Okta for AI Agents tool now available to all customers, drove 30% of total bookings, with dozens of new AI-related deals closed including a multi-million-dollar healthcare contract.
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As companies deploy autonomous AI agents, each one becomes a new digital identity that needs to be verified and secured, turning identity management into a critical line of defense against AI-enabled attacks. Okta's results, along with its recent acquisition of threat-detection startup Permiso Security, show cybersecurity vendors racing to consolidate capabilities as agentic AI reshapes the threat landscape and investor expectations for the sector.
- Okta's revenue grew 11% and net income nearly doubled, beating analyst expectations and pushing shares up 19%.
- New AI-focused products, including tools for securing AI agents, generated 30% of total bookings this quarter.
- Okta closed a roughly $200 million acquisition of Permiso Security, continuing a broader cybersecurity industry trend of buying smaller specialized firms to counter AI threats.
Yubico YubiKey 5 NFC Security Key — If identity is becoming the frontline of cybersecurity, as Okta's CEO argues, a hardware security key is the most direct way to lock down your own logins. The YubiKey 5 NFC works with major password managers and identity providers, plugging into USB-A or tapping phones via NFC for phishing-resistant sign-ins.
See Yubico YubiKey 5 NFC Security Key on Amazon → Affiliate link — we may earn a commission on purchases, at no extra cost to you. Product picked by AI based on this article; it is not a tested recommendation.Source: cnbc.com — Samantha Subin, 2026-08-26
Published there as: “Okta pops 19% after topping estimates as AI threat spikes demand for identity security”
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