Datadog earnings: November 4, 2026
Datadog’s next results are expected on November 4, 2026. The key question is whether broader demand can absorb the largest customer’s lower usage.
What has Datadog guided for 2026?
Datadog’s weighted forecast points to $148.38 per share by October 2029, a 44% decline, hinging on cash growth after stock pay, dilution and valuation compression. Management promises full-year 2026 revenue of $4,450–$4,470 million, or 30.0% growth, with a 23.0% non-GAAP operating margin. Q3 2026 guidance is revenue of $1,135–$1,145 million and 28.0%–29.0% growth.
| Period guided | Low | High | Date given | |
|---|---|---|---|---|
| Revenue (Full Year 2026) | Full Year 2026 | 4,450 | 4,470 | Aug 6, 2026 |
| Non-GAAP operating income (Full Year 2026) | Full Year 2026 | 1,010 | 1,030 | Aug 6, 2026 |
| Non-GAAP net income per share (Full Year 2026) | Full Year 2026 | 2.50 | 2.54 | Aug 6, 2026 |
| Revenue (Third Quarter 2026) | Third Quarter 2026 | 1,135 | 1,145 | Aug 6, 2026 |
| Non-GAAP operating income (Third Quarter 2026) | Third Quarter 2026 | 260 | 270 | Aug 6, 2026 |
| Non-GAAP net income per share (Third Quarter 2026) | Third Quarter 2026 | 0.63 | 0.65 | Aug 6, 2026 |
Did Datadog keep its past promises?
Datadog began 2025 forecasting revenue of US$3.175 billion–US$3.195 billion. It ultimately reported US$3.43 billion of revenue and US$768 million of adjusted operating income, exceeding its opening outlook. Guidance is not a promise, but delivery against the first forecast is useful evidence of execution.
What has Datadog’s recent revenue and profit trend been?
Revenue reached $1,121.454 million, up 35.6% year over year. Growth had already accelerated across the preceding quarters, so June was not simply an isolated jump.
Gross margin fell from 79.9% to 78.6% as cloud infrastructure and software costs rose. Operating results nevertheless improved from a $35.500 million loss to a $5.455 million profit because revenue grew faster than operating expenses. The resulting operating margin was still only about 0.5%.
| Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,121,454 | 1,006,426 | 953,194 | 885,651 | 826,760 | 761,553 | 737,727 | 690,016 |
| Gross margin | 78.6% | 79.2% | 80.4% | 80.1% | 79.9% | 79.3% | 80.5% | 80.0% |
| Operating income | 5,455 | 7,327 | 9,356 | -5,809 | -35,500 | -12,420 | 9,392 | 20,278 |
| Net income | 44,558 | 52,574 | 46,567 | 33,885 | 2,647 | 24,642 | 45,594 | 51,697 |
| EPS, diluted | 0.12 | 0.15 | 0.13 | 0.10 | 0.01 | 0.07 | 0.13 | 0.14 |
| = Free cash flow | 278,704 | 289,091 | 291,021 | 213,952 | 165,353 | 244,391 | 240,972 | 203,604 |
What should Datadog watchers look for in the next release?
November 4 will provide the first completed-quarter test of whether broader demand can absorb the largest customer’s usage reduction.