Datadog, Inc. · DDOG · FY2026 Q1 · Calendar Q2 2026

Datadog Crosses $1B Quarterly Revenue as AI Workloads Accelerate Demand

Datadog's first $1 billion revenue quarter marks an inflection point for the observability platform. AI-native workloads are driving accelerating demand alongside durable non-AI growth, and the 32% YoY revenue increase combined with an 18% EPS beat and a raised FY2026 outlook signals that the company's AI product strategy is translating into concrete financial results. The stock's approximately 32% one-day move reflects the market pricing in a fundamentally higher growth trajectory.

Reported Before market openNASDAQTechnology $89.30B market cap
100quality score

Company context

Snapshot as of publication

Datadog, Inc. offers a comprehensive cloud-based monitoring and analytics solution, serving the needs of developers, IT operations personnel, and business stakeholders across North America and internationally. This Software-as-a-Service (SaaS) offering skillfully combines and automates several crucial functions, including infrastructure oversight, application performance tracking, log management, and security surveillance, all designed to deliver live, end-to-end visibility into its customers' technology environments. Additionally, the platform extends its capabilities to include user experience monitoring, network performance analytics, robust cloud security measures, specialized observability tools for developers, and efficient incident response management. It also comes equipped with standard features like configurable dashboards, sophisticated analytical tools, collaborative features, and proactive alert systems. The company was founded in 2010 and is based in New York, New York.

Earnings scorecard

Reported versus consensus
Reported EPS $0.60 Consensus $1
EPS surprise +18.1% Reported versus consensus
Reported revenue $1.01B Consensus $960.1M
Revenue surprise +4.8% Reported versus consensus

Earnings History

Estimate Beat Miss Match
DDOG EPS earnings history estimate and actual scatter chart 8 reported fiscal quarters and 4 future estimate-only quarters. Q4 '23 estimate $0.43 Q4 '23 actual $0.44, match Q1 '24 estimate $0.35 Q1 '24 actual $0.44, beat Q2 '24 estimate $0.37 Q2 '24 actual $0.43, beat Q3 '24 estimate $0.40 Q3 '24 actual $0.46, beat Q2 '25 estimate $0.41 Q2 '25 actual $0.46, beat Q3 '25 estimate $0.46 Q3 '25 actual $0.55, beat Q4 '25 estimate $0.56 Q4 '25 actual $0.59, beat Q1 '26 estimate $0.51 Q1 '26 actual $0.60, beat Q2 '26 estimate $0.58 Q3 '26 estimate $0.61 Q4 '26 estimate $0.63 Q1 '27 estimate $0.65

Analyst Consensus ?

ConsensusBuy47 ratings
Bullish4085.1%
Neutral612.8%
Bearish12.1%

Analyst 52W Price Targets

$250.88Previous close
$75.76Low
$214.3Average
$320High

Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Jul 29, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
Citigroup Buy BuyMaintainJul 28, 2026
BTIG Buy BuyMaintainJul 28, 2026
TD Cowen Buy BuyMaintainJul 22, 2026
Guggenheim Buy BuyMaintainJul 22, 2026
Jefferies Hold BuyDowngradeJul 21, 2026
Evercore ISI Group Outperform OutperformMaintainJul 21, 2026
Barclays Overweight OverweightMaintainJul 21, 2026
Wells Fargo Overweight OverweightMaintainJul 20, 2026
Oppenheimer Outperform OutperformMaintainJul 20, 2026
Citizens Market Outperform Market OutperformMaintainJul 20, 2026
UBS Buy BuyMaintainJul 16, 2026
Keybanc Overweight OverweightMaintainJul 16, 2026
Mizuho Outperform OutperformMaintainJul 15, 2026
Bernstein Market Perform OutperformDowngradeJul 6, 2026
Benchmark Buy BuyMaintainJul 2, 2026
Needham Buy BuyMaintainJun 25, 2026
Scotiabank Sector Outperform Sector OutperformMaintainJun 18, 2026
Truist Securities Buy HoldUpgradeJun 15, 2026
Macquarie Outperform OutperformMaintainJun 11, 2026
Cantor Fitzgerald Overweight OverweightMaintainJun 11, 2026
Wedbush Outperform OutperformMaintainJun 10, 2026
RBC Capital Outperform OutperformMaintainJun 10, 2026
Piper Sandler Overweight OverweightMaintainJun 10, 2026
CIBC Outperform OutperformMaintainJun 10, 2026
Canaccord Genuity Buy BuyMaintainJun 10, 2026
B of A Securities Buy BuyMaintainJun 8, 2026
Goldman Sachs Sell SellMaintainMay 12, 2026
Rosenblatt Buy BuyMaintainMay 8, 2026
DA Davidson Buy BuyMaintainMay 4, 2026
Raymond James Outperform OutperformMaintainFeb 11, 2026
Stifel Buy HoldUpgradeJan 22, 2026
Morgan Stanley Overweight Equal WeightUpgradeJan 12, 2026
BMO Capital Outperform OutperformMaintainNov 7, 2025
Wolfe Research Peer Perform OutperformDowngradeFeb 18, 2025
JMP Securities Market Perform Market PerformMaintainFeb 14, 2025
Loop Capital Buy BuyMaintainDec 23, 2024
Baird Outperform OutperformMaintainNov 8, 2024
Monness, Crespi, Hardt Buy NeutralUpgradeNov 7, 2024
JP Morgan Overweight NeutralUpgradeNov 8, 2023
Credit Suisse Outperform OutperformMaintainAug 9, 2023
MoffettNathanson Buy BuyMaintainSep 22, 2022
SMBC Nikko Neutral NeutralMaintainMar 18, 2022
Berenberg Buy HoldUpgradeMay 7, 2021
Monness Crespi Hardt Neutral NeutralMaintainNov 23, 2020
FBN Securities Outperform OutperformMaintainJul 10, 2020
William Blair Outperform OutperformMaintainOct 14, 2019
Stifel Nicolaus Buy BuyMaintainOct 14, 2019
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Named analyst price targets

Upside is calculated against the persisted previous close $250.88. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
Morgan StanleySanjit Singh$300$251.86 +19.6%Jul 28, 2026
BTIGGray Powell$289$251.86 +15.2%Jul 28, 2026
GuggenheimAnalyst unavailable$300$254.79 +19.6%Jul 22, 2026
BarclaysRaimo Lenschow$290$263.2 +15.6%Jul 21, 2026
JefferiesBrent Thill$280$263.2 +11.6%Jul 21, 2026
OppenheimerAnalyst unavailable$300$258.69 +19.6%Jul 20, 2026
RBC CapitalMatthew Hedberg$280$259.59 +11.6%Jul 16, 2026
UBSAnalyst unavailable$315$262.52 +25.6%Jul 16, 2026
KeyBancAnalyst unavailable$320$264.46 +27.6%Jul 16, 2026
Mizuho SecuritiesAnalyst unavailable$300$270.73 +19.6%Jul 15, 2026
BernsteinPeter Weed$226$260.36 -9.9%Jul 6, 2026
ScotiabankPatrick Colville$275$219.64 +9.6%Jun 18, 2026
Truist FinancialMiller Jump$300$229.9 +19.6%Jun 15, 2026
BMO CapitalAnalyst unavailable$260$235.54 +3.6%Jun 12, 2026
New StreetAnalyst unavailable$260$227.63 +3.6%Jun 11, 2026
Cantor FitzgeraldThomas Blakey$226$227.63 -9.9%Jun 11, 2026
Wolfe ResearchAlex Zukin$295$227.63 +17.6%Jun 11, 2026
CIBCTodd Coupland$280$228.3 +11.6%Jun 10, 2026
WedbushDan Ives$260$232.8 +3.6%Jun 10, 2026
Piper SandlerAnalyst unavailable$275$227.34 +9.6%Jun 10, 2026
Canaccord GenuityKingsley Crane$250$227.34 -0.4%Jun 10, 2026
BarclaysRaimo Lenschow$260$227.34 +3.6%Jun 10, 2026
RBC CapitalMatthew Hedberg$250$225.24 -0.4%May 29, 2026
D.A. DavidsonGil Luria$250$220.96 -0.4%May 22, 2026
Goldman SachsAnalyst unavailable$139$202.32 -44.6%May 12, 2026
CIBCAnalyst unavailable$250$191.52 -0.4%May 8, 2026
ScotiabankAnalyst unavailable$225$191.66 -10.3%May 8, 2026
UBSKarl Keirstead$220$191.32 -12.3%May 8, 2026
NeedhamAnalyst unavailable$225$190.86 -10.3%May 8, 2026
WedbushAnalyst unavailable$220$190.76 -12.3%May 8, 2026
Morgan StanleySanjit Singh$225$190.42 -10.3%May 8, 2026
Robert W. BairdWilliam Power$210$191.37 -16.3%May 8, 2026
Truist FinancialMiller Jump$190$190.5 -24.3%May 8, 2026
BernsteinAnalyst unavailable$180$190 -28.3%May 8, 2026
Canaccord GenuityAnalyst unavailable$225$188.73 -10.3%May 8, 2026
KeyBancAnalyst unavailable$225$188.73 -10.3%May 8, 2026
BarclaysRaimo Lenschow$215$188.73 -14.3%May 8, 2026
JefferiesAnalyst unavailable$210$188.73 -16.3%May 7, 2026
Stifel NicolausAnalyst unavailable$305$188.73 +21.6%May 7, 2026
Evercore ISIAnalyst unavailable$225$188.73 -10.3%May 7, 2026
GuggenheimAnalyst unavailable$225$183.92 -10.3%May 7, 2026
Redburn PartnersAnalyst unavailable$170$132.14 -32.2%Apr 23, 2026
CIBCAnalyst unavailable$215$128.4 -14.3%Apr 20, 2026
BarclaysRaimo Lenschow$148$127.03 -41.0%Apr 20, 2026
Mizuho SecuritiesGregg Moskowitz$145$110.08 -42.2%Apr 14, 2026
GuggenheimAnalyst unavailable$175$108.98 -30.2%Apr 9, 2026
ScotiabankAnalyst unavailable$160$125.46 -36.2%Feb 11, 2026
WedbushAnalyst unavailable$190$123.43 -24.3%Feb 11, 2026
Robert W. BairdAnalyst unavailable$180$129.67 -28.3%Feb 11, 2026
BMO CapitalAnalyst unavailable$165$129.67 -34.2%Feb 11, 2026
Raymond JamesAdam Tindle$170$129.67 -32.2%Feb 10, 2026
RBC CapitalMatthew Hedberg$150$112.84 -40.2%Feb 9, 2026
UBSAnalyst unavailable$195$113.04 -22.3%Feb 9, 2026
BMO CapitalKeith Bachman$170$130.37 -32.2%Jan 29, 2026
ScotiabankPat Colville$180$137.06 -28.3%Jan 27, 2026
DaiwaAnalyst unavailable$190$136.64 -24.3%Jan 27, 2026
Stifel NicolausBrad Reback$160$123.46 -36.2%Jan 22, 2026
Cowen & Co.Analyst unavailable$200$124.8 -20.3%Jan 21, 2026
Mizuho SecuritiesAnalyst unavailable$170$117 -32.2%Jan 21, 2026
KeyBancEric Heath$170$125.49 -32.2%Jan 12, 2026
BarclaysAnalyst unavailable$195$125.49 -22.3%Jan 12, 2026
Morgan StanleyAnalyst unavailable$180$125.49 -28.3%Jan 12, 2026
Goldman SachsGabriela Borges$113$125.49 -55.0%Jan 12, 2026
Truist FinancialMiller Jump$140$137.1 -44.2%Jan 7, 2026
JefferiesAnalyst unavailable$180$134.33 -28.3%Jan 5, 2026
Piper SandlerRob Owens$195$133.77 -22.3%Jan 5, 2026
RBC CapitalAnalyst unavailable$175$133.77 -30.2%Jan 5, 2026
Mizuho SecuritiesGregg Moskowitz$200$142 -20.3%Dec 16, 2025
Mizuho SecuritiesAnalyst unavailable$215$184.1 -14.3%Nov 7, 2025
GuggenheimAnalyst unavailable$105$193.94 -58.1%Nov 6, 2025
Evercore ISIAnalyst unavailable$215$193.94 -14.3%Nov 6, 2025
Stifel NicolausBrad Reback$205$193.94 -18.3%Nov 6, 2025
Rosenblatt SecuritiesBlair Abernethy$200$190.82 -20.3%Nov 6, 2025
Canaccord GenuityKingsley Crane$185$162.81 -26.3%Nov 3, 2025
Robert W. BairdWilliam Power$165$155.8 -34.2%Oct 29, 2025
BTIGGray Powell$184$156.25 -26.7%Oct 22, 2025
OppenheimerAnalyst unavailable$195$153 -22.3%Oct 17, 2025
UBSAnalyst unavailable$189$163.67 -24.7%Oct 9, 2025
BernsteinAnalyst unavailable$170$154.52 -32.2%Oct 8, 2025
D.A. DavidsonAnalyst unavailable$180$153.91 -28.3%Oct 3, 2025
Wells FargoAnalyst unavailable$190$142.4 -24.3%Sep 30, 2025
Canaccord GenuityKingsley Crane$160$130.91 -36.2%Aug 8, 2025
UBSKarl Keirstead$165$136.96 -34.2%Aug 7, 2025
D.A. DavidsonGil Luria$160$132.94 -36.2%Aug 5, 2025
JefferiesBrent Thill$160$139.13 -36.2%Aug 4, 2025
NeedhamJack Andrews$140$122.68 -44.2%Jun 12, 2025
D.A. DavidsonGil Luria$125$106.06 -50.2%May 7, 2025
ScotiabankPatrick Colville$130$106.06 -48.2%May 7, 2025
BarclaysRaimo Lenschow$128$106.06 -49.0%May 6, 2025
Stifel NicolausBrad Reback$120$106.06 -52.2%May 6, 2025
BTIGGray Powell$136$106.06 -45.8%May 6, 2025
UBSKarl Keirstead$120$92.55 -52.2%Apr 15, 2025
JefferiesBrent Thill$135$87.93 -46.2%Apr 7, 2025
D.A. DavidsonAnalyst unavailable$165$145.5 -34.2%Feb 10, 2025
Stifel NicolausAnalyst unavailable$140$151.89 -44.2%Jan 28, 2025
RBC CapitalMatthew Hedberg$170$144.28 -32.2%Jan 3, 2025
Stifel NicolausBrad Reback$165$150.2 -34.2%Dec 18, 2024
BMO CapitalKeith Bachman$145$124.45 -42.2%Nov 8, 2024
BarclaysRaimo Lenschow$155$125.9 -38.2%Nov 8, 2024
MonnessBrian White$155$129.79 -38.2%Nov 7, 2024
BernsteinPeter Weed$151$128.12 -39.8%Oct 21, 2024
UBSKarl Keirstead$150$126.22 -40.2%Oct 17, 2024
D.A. DavidsonGil Luria$140$115.06 -44.2%Oct 1, 2024
BMO CapitalKeith Bachman$132$114.06 -47.4%Aug 9, 2024
ScotiabankPat Colville$135$114.06 -46.2%Aug 9, 2024
BTIGGray Powell$143$113.1 -43.0%Aug 1, 2024
Stifel NicolausBrad Reback$140$121.22 -44.2%Jul 22, 2024
Mizuho SecuritiesGregg Moskowitz$155$129.42 -38.2%Jul 16, 2024
Evercore ISIKirk Materne$150$127.8 -40.2%Jul 15, 2024
Loop Capital MarketsYun Kim$160$131.5 -36.2%Jul 5, 2024
BMO CapitalKeith Bachman$140$127.11 -44.2%Jun 27, 2024
Mizuho SecuritiesGregg Moskowitz$135$125.34 -46.2%Jun 27, 2024
MonnessBrian White$98$115.86 -60.9%Jun 14, 2024
Goldman SachsKash Rangan$143$112.99 -43.0%Jun 10, 2024
Morgan StanleySanjit Singh$137$117.28 -45.4%May 8, 2024
Robert W. BairdWilliam Power$140$117.28 -44.2%May 8, 2024
Cantor FitzgeraldYi Fu Lee$150$112.4 -40.2%May 7, 2024
RBC CapitalMatt Hedberg$151$126.97 -39.8%May 7, 2024
Wells FargoAndrew Nowinski$150$122.07 -40.2%Apr 23, 2024
RBC CapitalMatthew Hedberg$120$99.99 -52.2%Nov 8, 2023
Robert W. BairdWilliam Power$84$80.82 -66.5%Oct 30, 2023
CitigroupTyler Radke$191$93.58 -23.9%Aug 22, 2023
Rosenblatt SecuritiesBlair Abernethy$105$86.76 -58.1%Aug 9, 2023
NeedhamMike Cikos$75.76$75.27 -69.8%May 4, 2023
NeedhamMike Cikos$105$72.81 -58.1%Mar 31, 2023
BarclaysAnalyst unavailable$83$65.94 -66.9%Jan 10, 2023
Morgan StanleyAnalyst unavailable$110$77.77 -56.2%Dec 19, 2022
WedbushAnalyst unavailable$101$80.48 -59.7%Dec 15, 2022
BTIGGray Powell$104$75.01 -58.5%Nov 3, 2022
Rosenblatt SecuritiesBlair Abernethy$120$75.01 -52.2%Nov 3, 2022
NeedhamMike Cikos$90$75.01 -64.1%Nov 3, 2022
NeedhamMike Cikos$135$82.34 -46.2%Oct 20, 2022
Robert W. BairdWilliam Power$120$93.57 -52.2%Sep 20, 2022
Mizuho SecuritiesGregg Moskowitz$130$105 -48.2%Aug 24, 2022
BarclaysRaimo Lenschow$130$113.35 -48.2%Aug 5, 2022
NeedhamMike Cikos$145$86.64 -42.2%Jun 14, 2022
JefferiesBrent Thill$125$93.95 -50.2%May 23, 2022
Morgan StanleySanjit Singh$159$110 -36.6%May 8, 2022
Mizuho SecuritiesGregg Moskowitz$175$114 -30.2%May 6, 2022
Rosenblatt SecuritiesBlair Abernethy$180$120.2 -28.3%May 3, 2022
BarclaysRaimo Lenschow$190$122.29 -24.3%Apr 25, 2022
KeyBancMichael Turits$160$118.4 -36.2%Apr 25, 2022
Truist FinancialJoel Fishbein$200$146.84 -20.3%Mar 27, 2022
Goldman SachsKash Rangan$250$158.94 -0.4%Feb 22, 2022
Rosenblatt SecuritiesBlair Abernethy$195$174.6 -22.3%Feb 10, 2022
J.P. MorganSterling Auty$200$174.6 -20.3%Feb 10, 2022
NeedhamMike Cikos$190$174.6 -24.3%Feb 10, 2022
Robert W. BairdJonathan Ruykhaver$190$174.6 -24.3%Feb 10, 2022
BarclaysRaimo Lenschow$210$174.6 -16.3%Feb 10, 2022
JefferiesBrent Thill$220$174.6 -12.3%Feb 10, 2022
Raymond JamesAdam Tindle$210$174.6 -16.3%Feb 10, 2022
Stifel NicolausBrad Reback$195$185.51 -22.3%Nov 5, 2021
Loop Capital MarketsYun Kim$230$185.51 -8.3%Nov 5, 2021
Wells FargoAndrew Nowinski$80$77.29 -68.1%May 7, 2021
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Market reaction

prior-close to event-session close
Stock move +31.3% Event window
SPY move -0.3% Same window
Abnormal move +31.6% Stock minus SPY
Volume 4.9× Versus trailing sessions
Subsequent drift +24.0% Up to 20 sessions
DDOGSPY benchmark

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Transcript intelligence

What changed

Q1 2026 revenue reached $1.01 billion (up 32% YoY), surpassing the $960M consensus estimate by 4.8%. EPS of $0.60 beat the $0.508 estimate by 18.1%. Total ARR exceeded $4 billion. Both AI-native and non-AI customer cohorts accelerated, with gross revenue retention in the high 90s and net revenue retention in the low 120s. The stock surged approximately 32% on the report, with volume nearly 5x the baseline, and continued to drift higher by roughly 24% in the subsequent period.

Guidance delta

FY2026 revenue guidance was raised from $4.06-$4.10B to $4.3-$4.34B. Operating margin guidance increased from approximately 21% to 22-23%. Q2 2026 revenue guided to $1.07-$1.08B. Management's guidance sentiment was maintained, reflecting confidence in the updated trajectory.

Key takeaways

  • Q1 revenue of $1.01B (+32% YoY) marked Datadog's first $1B quarter, with ARR surpassing $4B.
  • AI-native and non-AI customer cohorts both accelerated; gross retention remained in the high 90s with net retention above 120%.
  • New AI-driven products launched including MCP Server, Bits AI Security Agent, GPU Monitoring, and Experiments.
  • Large AI-lab deals included 7- and 8-figure contracts with leading tech and financial firms.
  • FedRAMP High certification received, opening federal agency opportunities; new UK data center announced.

Management priorities

  • Roll out additional AI-focused features including expanded LLM observability ahead of the DASH conference in June.
  • Deploy the new UK data center and pursue further regulatory certifications for public-sector expansion.
  • Expand cloud-prem (on-prem) offerings to address data residency requirements.
  • Continue broadening the platform with more products reaching $100M ARR milestones.

Related earnings events

Technology

Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
  3. Polygon adjusted daily market bars · 2026-07-29T06:03:21.231637+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-07-29T06:03:21.228725+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.