Q1 2026 Tenable Holdings Inc Earnings Call Transcript
Key Points
- Tenable Holdings Inc (TENB) exceeded all guided metrics for Q1 2026, with a 10% year-over-year revenue growth and a 24% operating margin.
- The Tenable One platform accounted for 41% of new business, marking an 8-point increase from the previous year.
- The company added 406 new enterprise platform customers and 43 net new six-figure customers, indicating strong customer acquisition.
- Tenable Holdings Inc (TENB) is actively engaging with leading AI model providers to enhance its cybersecurity offerings, positioning itself well in the evolving threat landscape.
- The introduction of Tenable Hexa AI aims to automate and orchestrate security workflows, enhancing the company's capability to manage vulnerabilities effectively.
- Despite positive growth, the company's guidance for the second half of 2026 suggests a slowdown in revenue growth compared to Q1.
- There is a significant increase in discovered vulnerabilities due to AI advancements, which could overwhelm existing security processes.
- The company faces challenges in educating customers about the new AI-driven threat landscape, which may prolong sales cycles.
- Tenable Holdings Inc (TENB) is experiencing fluctuations in contract duration and billing metrics, which could impact financial predictability.
- The competitive landscape is intensifying with the rise of AI models, necessitating continuous innovation and adaptation by Tenable Holdings Inc (TENB).
Greetings, and welcome to the Tenable first-quarter 2026 earnings conference call. (Operator Instructions) As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Erin Karney, Vice President, Investor Relations. Thank you. You may begin.
Thank you, operator, and thank you, all, for joining us on today's conference call to discuss Tenable's first-quarter and full-year 2026 financial results. With me on the call today are Co-Chief Executive Officer, Steve Vintz and Mark Thurmond; and Chief Financial Officer, Matt Brown.
Prior to this call, we issued a press release announcing our financial results for the quarter. You can find the press release on our IR website at tenable.com. We will make forward-looking statements during the course of this call, including statements relating to our guidance and expectations for the second-quarter and full-year 2026; growth and drivers in our business; changes in the threat landscape in the security
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