<ul><li>Shares in Okta Inc. dropped more than 12% in late trading despite the company reporting earnings and revenue beats in its fiscal 2026 first quarter.</li><li>Okta's adjusted earnings per share for the quarter were 86 cents, up from 65 cents in the same quarter of the previous fiscal year, with revenue hitting $688 million, up 12% year-over-year.</li><li>The company's subscription revenue reached $673 million, with approximately 20,000 customers and 4,870 spending $100,000 or more.</li><li>CEO Todd McKinnon expressed caution due to macroeconomic challenges and softening demand, with discussions with customers turning more cautious, leading to investor concern.</li></ul>

Okta shares drop as CEO warns of cautious customer sentiment despite strong earnings

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