Qualys (QLYS) Posts Double-Digit Growth And Still Raises The Bar

Qualys Inc. (NASDAQ:QLYS) reported a 11% increase in revenue to $182.2 million for the second quarter of 2026, prompting the company to raise its full-year revenue guidance for 2026 to a range of $732.0 million to $738.0 million. The company's profit margin also improved, with GAAP operating income rising 20% to $61.9 million and non-GAAP operating income climbing 16% to $81.4 million.

Adjusted EBITDA grew 14% to $83.8 million, with operating cash flow surging 77% to $59.6 million. Qualys also achieved a FedRAMP High Authorization for its TotalCloud solution, expanding its platform reach. The company's guidance increase was accompanied by a smaller growth number, with third-quarter revenue guidance now between $185.5 million and $187.5 million, implying a 9% to 10% growth.

Despite this, Qualys' stock trades at a forward P/E of 20.62, suggesting the market is debating the company's ability to maintain its growth rate.