Analyst Consensus ?
ConsensusBuy34 ratings
Bullish2985.3%
Neutral514.7%
Bearish00.0%
Dynatrace, Inc. · DT · FY2026 Q4 · Calendar Q2 2026
Dynatrace closes FY2026 above $2B in ARR; FY27 growth outlook centers on 15.5–16.5%
The call supports a constructive operating picture: Dynatrace surpassed $2 billion in ARR, reported sustained 16% growth, and described strong enterprise and log-management activity. The key test is whether continued platform and AI-related adoption can support the FY27 ARR growth outlook while cloud-hosting costs, conversion timing, and competitive pressure remain manageable.
Reported Before market openNYSETechnology
$13.65B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.41
Consensus $0.39
EPS surprise
+5.4%
Reported versus consensus
Reported revenue
$531.7M
Consensus $521.0M
Revenue surprise
+2.1%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-11.4%
Event window
SPY move
+0.6%
Same window
Abnormal move
-12.0%
Stock minus SPY
Volume
3.3×
Versus trailing sessions
Subsequent drift
+16.2%
Up to 20 sessions
DTSPY benchmark
Ask FN2 about DT FY2026 Q4
Transcript, numbers and history already loaded
Why did DT fall 11.4% after beating EPS estimates in FY2026 Q4?What changed in DT's guidance and outlook in FY2026 Q4?Give me the bull and bear case for DT after FY2026 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior-quarter analysis, the company moved from targeting more than $2 billion in ARR to reporting that it had surpassed that threshold. The latest call also emphasized four consecutive quarters of 16% ARR growth, more than 75% of ARR under DPS licensing, record large-deal and new-logo activity, and two acquisitions—DevCycle and BindPlan. FY27 ARR growth guidance is 15.5–16.5%; management noted cloud-hosting cost pressure.
Guidance delta
Management maintained its guidance sentiment in the latest call and provided FY27 ARR growth guidance of 15.5–16.5%. Cloud-hosting costs were identified as a source of modest margin pressure. The supplied analysis does not provide a prior FY27 comparison.
Key takeaways
- ARR surpassed $2 billion, with four consecutive quarters of 16% growth.
- Log-management annualized consumption exceeded $100 million and grew more than 100% year over year.
- DPS licensing represented more than 75% of ARR; management linked it to consumption and expansion.
- Management cited 22 deals above $1 million ACV and 126 new logos in Q4.
- FY27 ARR growth guidance is 15.5–16.5%, with cloud-hosting costs expected to pressure margins modestly.
Management priorities
- Continue platform innovation in Dynatrace Intelligence and agentic AI.
- Deepen integrations with Anthropic Claude Code, GitHub Copilot, ServiceNow, and hyperscalers.
- Use DevCycle and BindPlan to extend feature-management and telemetry-pipeline capabilities.
- Focus go-to-market efforts on large enterprise consolidations and developer workflows.
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Beat
Miss
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Analyst 52W Price Targets
$47.03Current
$37Low
$60.05Average
$100High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 4, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Needham | Buy | Buy | Maintain | Nov 3, 2026 |
| BTIG | Buy | Buy | Maintain | Nov 3, 2026 |
| Cantor Fitzgerald | Neutral | Neutral | Maintain | Oct 30, 2026 |
| Rosenblatt | Buy | Buy | Maintain | Oct 29, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Oct 28, 2026 |
| Citigroup | Buy | Buy | Maintain | Oct 27, 2026 |
| TD Cowen | Buy | Buy | Maintain | Oct 26, 2026 |
| UBS | Buy | Buy | Maintain | Oct 23, 2026 |
| Truist Securities | Buy | Buy | Maintain | Oct 21, 2026 |
| Barclays | Overweight | Overweight | Maintain | Oct 13, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Oct 12, 2026 |
| Oppenheimer | Outperform | Outperform | Maintain | Sep 24, 2026 |
| BMO Capital | Outperform | Outperform | Maintain | Sep 15, 2026 |
| Morgan Stanley | Overweight | Equal Weight | Upgrade | Aug 25, 2026 |
| Macquarie | Neutral | Neutral | Maintain | Aug 6, 2026 |
| Keybanc | Overweight | Overweight | Maintain | Aug 6, 2026 |
| DA Davidson | Buy | Buy | Maintain | Aug 6, 2026 |
| Canaccord Genuity | Buy | Buy | Maintain | Aug 6, 2026 |
| Jefferies | Buy | Buy | Maintain | Jul 21, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Jun 18, 2026 |
| Scotiabank | Sector Outperform | Sector Outperform | Maintain | May 14, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | May 14, 2026 |
| Guggenheim | Buy | Buy | Maintain | Apr 22, 2026 |
| Wedbush | Outperform | Outperform | Maintain | Feb 12, 2026 |
| B of A Securities | Buy | Buy | Maintain | May 15, 2025 |
| Loop Capital | Hold | Hold | Maintain | Apr 23, 2025 |
| Stifel | Buy | Buy | Maintain | Feb 19, 2025 |
| Baird | Outperform | Outperform | Maintain | May 16, 2024 |
| JMP Securities | Market Outperform | Market Outperform | Maintain | Feb 5, 2024 |
| Credit Suisse | Neutral | Neutral | Maintain | Feb 2, 2023 |
| MoffettNathanson | Hold | Hold | Maintain | Sep 22, 2022 |
| Raymond James | Outperform | Outperform | Maintain | Feb 4, 2021 |
| Berenberg | Buy | Buy | Maintain | Oct 7, 2020 |
| William Blair | Outperform | Outperform | Maintain | Aug 26, 2019 |
Named analyst price targets
Upside is calculated against the persisted current price $47.03. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| UBS | Analyst unavailable | $80 | $63.36 | +70.1% | Oct 23, 2026 |
| UBS | Analyst unavailable | $78 | $62.5 | +65.9% | Oct 23, 2026 |
| BTIG | Analyst unavailable | $73 | $63.64 | +55.2% | Oct 21, 2026 |
| Goldman Sachs | Matthew Martino | $71 | $63.58 | +51.0% | Oct 15, 2026 |
| Barclays | Raimo Lenschow | $71 | $65.25 | +51.0% | Oct 13, 2026 |
| RBC Capital | Analyst unavailable | $73 | $64.64 | +55.2% | Oct 12, 2026 |
| Jefferies | Analyst unavailable | $75 | $63.5 | +59.5% | Oct 11, 2026 |
| BNP Paribas | Analyst unavailable | $75 | $59.83 | +59.5% | Oct 8, 2026 |
| UBS | Radi Sultan | $74 | $59.16 | +57.3% | Oct 1, 2026 |
| Oppenheimer | Analyst unavailable | $71 | $58.51 | +51.0% | Sep 24, 2026 |
| UBS | Analyst unavailable | $68 | $55.83 | +44.6% | Sep 18, 2026 |
| Needham | Mike Cikos | $68 | $55.83 | +44.6% | Sep 18, 2026 |
| BMO Capital | Keith Bachman | $62 | $53.34 | +31.8% | Sep 15, 2026 |
| Wedbush | Steven Wahrhaftig | $54 | $51.42 | +14.8% | Sep 10, 2026 |
| Morgan Stanley | Sanjit Singh | $65 | $49.05 | +38.2% | Aug 25, 2026 |
| UBS | Karl Keirstead | $65 | $49.49 | +38.2% | Aug 24, 2026 |
| Morgan Stanley | Sanjit Singh | $58 | $48.7 | +23.3% | Aug 6, 2026 |
| Scotiabank | Patrick Colville | $61 | $50.86 | +29.7% | Aug 6, 2026 |
| Canaccord Genuity | Kingsley Crane | $60 | $50.86 | +27.6% | Aug 6, 2026 |
| KeyBanc | Analyst unavailable | $61 | $50.86 | +29.7% | Aug 6, 2026 |
| Barclays | Analyst unavailable | $60 | $50.86 | +27.6% | Aug 6, 2026 |
| Cantor Fitzgerald | Thomas Blakey | $47 | $45.3 | -0.1% | Aug 3, 2026 |
| Barclays | Analyst unavailable | $48 | $44.71 | +2.1% | Jul 21, 2026 |
| Oppenheimer | Ittai Kidron | $55 | $44.41 | +16.9% | Jul 20, 2026 |
| RBC Capital | Analyst unavailable | $50 | $44.49 | +6.3% | Jul 16, 2026 |
| KeyBanc | Eric Heath | $53 | $45.17 | +12.7% | Jul 16, 2026 |
| D.A. Davidson | Analyst unavailable | $60 | $45.5 | +27.6% | Jul 15, 2026 |
| Truist Financial | Analyst unavailable | $55 | $43.84 | +16.9% | Jul 9, 2026 |
| Goldman Sachs | Matthew Martino | $50 | $41.25 | +6.3% | Jun 18, 2026 |
| BMO Capital | Analyst unavailable | $50 | $41.19 | +6.3% | Jun 16, 2026 |
| UBS | Analyst unavailable | $60 | $41.19 | +27.6% | Jun 15, 2026 |
| Wedbush | Analyst unavailable | $48 | $36.94 | +2.1% | May 15, 2026 |
| Jefferies | Analyst unavailable | $45 | $37.12 | -4.3% | May 14, 2026 |
| D.A. Davidson | Analyst unavailable | $45 | $36.54 | -4.3% | May 14, 2026 |
| UBS | Analyst unavailable | $36 | $35.77 | -23.5% | May 14, 2026 |
| RBC Capital | Matthew Hedberg | $45 | $35.8 | -4.3% | May 14, 2026 |
| Morgan Stanley | Analyst unavailable | $40 | $35.36 | -14.9% | May 14, 2026 |
| Wolfe Research | Joshua Tilton | $42 | $34.73 | -10.7% | May 14, 2026 |
| BMO Capital | Keith Bachman | $43 | $34.73 | -8.6% | May 14, 2026 |
| KeyBanc | Eric Heath | $47 | $34.73 | -0.1% | May 14, 2026 |
| Canaccord Genuity | Analyst unavailable | $46 | $34.73 | -2.2% | May 14, 2026 |
| Barclays | Analyst unavailable | $44 | $34.73 | -6.4% | May 14, 2026 |
| Goldman Sachs | Analyst unavailable | $45 | $35.43 | -4.3% | Apr 21, 2026 |
| Truist Financial | Miller Jump | $45 | $34.89 | -4.3% | Apr 15, 2026 |
| UBS | Analyst unavailable | $64 | $38.38 | +36.1% | Mar 12, 2026 |
| Wedbush | Analyst unavailable | $55 | $36.02 | +16.9% | Feb 11, 2026 |
| Scotiabank | Analyst unavailable | $47 | $36.79 | -0.1% | Feb 10, 2026 |
| UBS | Analyst unavailable | $40 | $37.16 | -14.9% | Feb 10, 2026 |
| Robert W. Baird | William Power | $47 | $37.04 | -0.1% | Feb 10, 2026 |
| Morgan Stanley | Analyst unavailable | $43 | $36.52 | -8.6% | Feb 10, 2026 |
| D.A. Davidson | Gil Luria | $50 | $37.24 | +6.3% | Feb 10, 2026 |
| Canaccord Genuity | Analyst unavailable | $50 | $36.18 | +6.3% | Feb 10, 2026 |
| Barclays | Analyst unavailable | $47 | $36.18 | -0.1% | Feb 10, 2026 |
| BMO Capital | Keith Bachman | $45 | $36.17 | -4.3% | Feb 9, 2026 |
| Stifel Nicolaus | Brad Reback | $51 | $36.18 | +8.4% | Feb 9, 2026 |
| Cantor Fitzgerald | Analyst unavailable | $37 | $33.47 | -21.3% | Feb 6, 2026 |
| KeyBanc | Analyst unavailable | $60 | $42.28 | +27.6% | Jan 12, 2026 |
| Barclays | Raimo Lenschow | $57 | $42.28 | +21.2% | Jan 12, 2026 |
| Jefferies | Analyst unavailable | $55 | $42.79 | +16.9% | Jan 5, 2026 |
| RBC Capital | Matthew Hedberg | $56 | $42.35 | +19.1% | Jan 5, 2026 |
| Scotiabank | Patrick Colville | $60 | $46.22 | +27.6% | Nov 6, 2025 |
| UBS | Analyst unavailable | $51 | $47.2 | +8.4% | Nov 6, 2025 |
| Wells Fargo | Analyst unavailable | $65 | $48.45 | +38.2% | Sep 30, 2025 |
| D.A. Davidson | Gil Luria | $65 | $53.03 | +38.2% | May 15, 2025 |
| Morgan Stanley | Sanjit Singh | $55 | $53.5 | +16.9% | May 15, 2025 |
| Barclays | Raimo Lenschow | $55 | $42.17 | +16.9% | Apr 21, 2025 |
| D.A. Davidson | Gil Luria | $52 | $43.37 | +10.6% | Apr 14, 2025 |
| BMO Capital | Analyst unavailable | $60 | $50.38 | +27.6% | Mar 17, 2025 |
| RBC Capital | Matthew Hedberg | $69 | $57.75 | +46.7% | Jan 31, 2025 |
| Morgan Stanley | Sanjit Singh | $62 | $57.75 | +31.8% | Jan 31, 2025 |
| D.A. Davidson | Gil Luria | $70 | $57.75 | +48.8% | Jan 31, 2025 |
| Robert W. Baird | William Power | $65 | $57.75 | +38.2% | Jan 31, 2025 |
| Wells Fargo | Andrew Nowinski | $70 | $57.75 | +48.8% | Jan 31, 2025 |
| BMO Capital | Keith Bachman | $61 | $52.89 | +29.7% | Nov 8, 2024 |
| Jefferies | Brent Thill | $65 | $54.38 | +38.2% | Oct 22, 2024 |
| Wedbush | Daniel Ives | $67 | $53.7 | +42.5% | Oct 17, 2024 |
| Guggenheim | John DiFucci | $64 | $52.58 | +36.1% | Sep 27, 2024 |
| BMO Capital | Keith Bachman | $53 | $47.36 | +12.7% | Aug 8, 2024 |
| Scotiabank | Patrick Colville | $55 | $47.36 | +16.9% | Aug 8, 2024 |
| BMO Capital | Keith Bachman | $49 | $44.02 | +4.2% | Jul 19, 2024 |
| Guggenheim | John DiFucci | $55 | $44.01 | +16.9% | Jul 16, 2024 |
| Loop Capital Markets | Yun Kim | $45 | $43.75 | -4.3% | Jun 26, 2024 |
| Morgan Stanley | Sanjit Singh | $48 | $48.36 | +2.1% | May 20, 2024 |
| FBN Securities | Shebly Seyrafi | $60 | $47.86 | +27.6% | May 20, 2024 |
| BMO Capital | Keith Bachman | $54 | $49.2 | +14.8% | May 16, 2024 |
| Loop Capital Markets | Yun Kim | $50 | $47.75 | +6.3% | May 16, 2024 |
| Robert W. Baird | William Power | $62 | $47.75 | +31.8% | May 16, 2024 |
| RBC Capital | Matthew Hedberg | $60 | $47.75 | +27.6% | May 16, 2024 |
| Barclays | Raimo Lenschow | $52 | $46.68 | +10.6% | Mar 20, 2024 |
| Wolfe Research | Allan Verkhovski | $60 | $45.52 | +27.6% | Mar 18, 2024 |
| Loop Capital Markets | Analyst unavailable | $40 | $46.2 | -14.9% | Feb 2, 2023 |
| RBC Capital | Analyst unavailable | $52 | $46.19 | +10.6% | Feb 2, 2023 |
| Canaccord Genuity | Analyst unavailable | $51 | $45.88 | +8.4% | Feb 2, 2023 |
| Truist Financial | Analyst unavailable | $50 | $45.81 | +6.3% | Feb 2, 2023 |
| BMO Capital | Analyst unavailable | $49 | $45.81 | +4.2% | Feb 2, 2023 |
| Needham | Analyst unavailable | $52 | $44.54 | +10.6% | Feb 1, 2023 |
| Wells Fargo | Analyst unavailable | $50 | $38.35 | +6.3% | Jan 3, 2023 |
| Wedbush | Analyst unavailable | $35 | $40.81 | -25.6% | Dec 15, 2022 |
| Macquarie | Frederick Havemeyer | $38 | $33.02 | -19.2% | Nov 2, 2022 |
| Robert W. Baird | William Power | $49 | $37.45 | +4.2% | Sep 20, 2022 |
| Needham | Analyst unavailable | $50 | $40.43 | +6.3% | Aug 4, 2022 |
| Truist Financial | Joel Fishbein | $60 | $31.92 | +27.6% | May 10, 2022 |
| JMP Securities | Erik Suppiger | $80 | $42.56 | +70.1% | Mar 16, 2022 |
| Rosenblatt Securities | Blair Abernethy | $68 | $46.16 | +44.6% | Feb 2, 2022 |
| J.P. Morgan | Sterling Auty | $75 | $46.16 | +59.5% | Feb 2, 2022 |
| FBN Securities | Shebly Seyrafi | $65 | $46.16 | +38.2% | Feb 2, 2022 |
| Goldman Sachs | Kash Rangan | $74 | $46.16 | +57.3% | Feb 2, 2022 |
| RBC Capital | Matthew Hedberg | $65 | $46.16 | +38.2% | Feb 2, 2022 |
| Jefferies | Brent Thill | $60 | $56.28 | +27.6% | Feb 1, 2022 |
| Rosenblatt Securities | Blair Abernethy | $72 | $54.86 | +53.1% | Jan 31, 2022 |
| Loop Capital Markets | Yun Kim | $75 | $74.12 | +59.5% | Oct 28, 2021 |
| Summit Redstone Partners | Srini Nandury | $100 | $70.03 | +112.6% | Oct 27, 2021 |
| Bank of America Securities | Koji Ikeda | $82 | $70.03 | +74.4% | Oct 27, 2021 |
| Raymond James | Robert Majek | $56 | $44.86 | +19.1% | May 12, 2021 |
Track every rating change on DT the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationDynatrace, Inc. specializes in providing a sophisticated software intelligence platform tailored for complex, evolving multi-cloud setups. The Dynatrace platform, central to their offerings, delivers a wide array of functionalities including monitoring for applications and microservices, real-time application security, comprehensive infrastructure oversight, tracking of digital user experiences, insightful business analytics, and tools for cloud automation. This powerful solution enables customers to modernize and streamline their IT operations, accelerate software development and deployment, and significantly enhance end-user satisfaction.…
Historical context
All DT earningsTechnology peers this season
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| BR Broadridge Financial Solutions, Inc. | FY2027 Q1 · Calendar Q4 2026 | — | +0.2% | Broadridge Q1 FY2027: 11% recurring-revenue growth; outlook reaffirmed |
Latest beats and misses
Who reports nextBeat on EPS
- RVTYFY2026 Q3 · November 3, 2026+6.2% EPS+7.8% move
- WATFY2026 Q3 · November 3, 2026+2.5% EPS+2.3% move
- ULSFY2026 Q3 · November 3, 2026+0.8% EPS+7.0% move
- FISVFY2026 Q3 · November 3, 2026+1.7% EPS+12.5% move
- YUMCFY2026 Q3 · November 3, 2026+2.8% EPS+1.6% move
- HSICFY2026 Q3 · November 3, 2026+0.7% EPS-4.8% move
Get the DT recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-17T18:40:02.705294+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-11-04T03:40:43.894400+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-04T03:40:43.891377+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 · As of 2026-11-04. For educational purposes only; not investment advice.