Datadog, Inc. Q2 2026 Earnings Results vs. Expectations

What the Street expects

QoQ and YoY are what the consensus implies against the prior quarter and the prior year.

Q2 2026 reported results

What to watch

1. Whether 30%+ revenue growth holds a second straight quarter. Analysts are modeling roughly $1.08 billion in Q2 revenue and non-GAAP EPS near $0.58, which would represent continued strong growth but a deceleration from Q1's 32% pace — the key number to watch is whether actual growt…
2. New-logo bookings momentum, given how central "a new all-time record by a significant margin" was to the Q1 narrative — a repeat record, or even a strong sequential number, would reinforce the reacceleration thesis.
3. AI-linked product traction— LLM Observability, Flex Logs, and Bits AI adoption — as the specific, checkable driver behind the acceleration story, versus the older narrative of steady but decelerating core-platform growth.
4. Full-year guidance, and whether the raised $4.30-$4.34 billion range gets lifted again, which would signal confidence the Q1 beat wasn't a one-off.

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Estimate against reported

Estimates are the consensus we published on our own preview for that quarter; quarters we did not preview carry the reported figure only. Where a consensus was set on a non-GAAP basis, the reported column shows that same measure.

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