Tenable Holdings, Inc. reported first‑quarter 2026 revenue of $262.1 million, up 9.6% year‑over‑year, and a non‑GAAP diluted earnings per share of $0.47, beating the consensus estimate of $0.41. The results were driven by a 41% share of new business coming from the Tenable One platform and the launch of Hexa AI on March 24, which automates security workflows and expands the company’s AI‑powered capabilities.
Operating margin rose to 23.6% from 20.4% in the same quarter a year earlier, while non‑GAAP gross margin improved to 82.2% from 81.9%. The margin expansion reflects tighter cost control, a higher mix of high‑margin services, and the operational leverage that comes with scaling the Tenable One platform.
Management raised its full‑year 2026 guidance, now expecting revenue between $1.068 billion and $1.078 billion and non‑GAAP diluted EPS between $1.90 and $1.98. The upward revision signals confidence in sustained demand for exposure‑management solutions and the continued adoption of AI‑driven features such as Hexa AI.
The company added 406 new enterprise customers and 43 net new six‑figure customers during the quarter, underscoring the growth of its high‑value customer base and the effectiveness of its sales and marketing efforts.
Steve Vintz, Co‑CEO, said, "We delivered better‑than‑expected results in Q1, driven by the strong adoption of Tenable One and the growing market realization that exposure management is essential in an AI‑accelerated threat landscape." He added, "The introduction of Hexa AI further positions Tenable as a leader in helping organizations move from reactive response to coordinated machine‑speed risk reduction." Mark Thurmond, Co‑CEO, noted, "There is a heightened level of urgency across our customers who are looking to prepare for the significant increase of threats and vulnerabilities that AI models will introduce." He added, "As the cybersecurity landscape shifts at an unprecedented pace, customers are reaching out to us to help them navigate this environment."
Tenable’s results come amid a competitive cybersecurity landscape that includes Palo Alto Networks, CrowdStrike, and Microsoft. By focusing on exposure management and integrating AI capabilities, the company differentiates itself and positions for continued growth as organizations seek to mitigate AI‑driven threats.
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