PagerDuty Q2 FY2027 revenue $124.4M (+0.8% YoY), ARR tops $500M; cuts headcount ~15%

PagerDuty, Inc.

Revenue $124.4M, up 0.8% YoY; ARR reached $501M, crossing $500M; revenue beat high end of guidance.
GAAP net income $4.7M ($0.06 diluted EPS); non-GAAP EPS $0.32; fifth consecutive GAAP-profitable quarter.
Non-GAAP operating income $29.5M (23.7% margin); operating cash flow $36.9M; free cash flow $32.8M.
Announced ~15% headcount reduction; expects $5.5M-$7.5M in restructuring charges, mostly in Q3 FY2027.
Cash, equivalents, and investments $470.0M as of July 31, 2026; CEO cites AI-first operations momentum.

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