Analyst Consensus ?
ConsensusBuy34 ratings
Bullish2985.3%
Neutral514.7%
Bearish00.0%
Dynatrace, Inc. · DT · FY2027 Q2 · Calendar Q4 2026
Dynatrace grew revenue 17%, while enterprise deal timing held back net new ARR
Dynatrace’s Q2 FY2027 supports a measured growth case: revenue, ARR and usage-led categories grew, but flat net new ARR tied to large deal timing shows that demand may not convert evenly from quarter to quarter. AI and log consumption are important drivers management highlighted, not proof that future monetization will be smooth.
Reported Before market openNYSETechnology
$16.01B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $0.49
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $568.0M
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-12.7%
Event window
SPY move
+0.4%
Same window
Abnormal move
-13.1%
Stock minus SPY
Volume
2.0×
Versus trailing sessions
Subsequent drift
0.0%
Up to 20 sessions
DTSPY benchmark
Ask FN2 about DT FY2027 Q2
Transcript, numbers and history already loaded
What drove DT's -12.7% move after FY2027 Q2 earnings?What changed in DT's guidance and outlook in FY2027 Q2?Give me the bull and bear case for DT after FY2027 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Revenue growth was 17% year over year and ARR growth was 16%, while net new ARR was flat because of large-deal timing. Management maintained full-year guidance, with slight upside to revenue, and said agents became monetizable beginning October 1. The Arize acquisition had closed October 1, adding an AI-observability cross-sell opportunity.
Guidance delta
Full-year guidance was maintained, with slight upside to revenue forecasts; management did not describe a broader guidance change in the supplied analysis.
Key takeaways
- Q2 revenue was $580 million, up 17% year over year; non-GAAP margin was 32%.
- ARR reached $2.21 billion, up 16%, but net new ARR was flat amid large enterprise deal timing.
- Management cited AI workloads, log management growth above 100% year over year, and infrastructure monitoring above $500 million annualized as consumption drivers.
- Arize adds AI-observability capabilities, while agent monetization began October 1; the supplied analysis describes potential cross-sell, not realized synergy.
Management priorities
- Monetize Dynatrace agents and AI capabilities beginning in Q3.
- Cross-sell Arize within the existing customer base.
- Use the CrowdStrike partnership to support log-management adoption.
- Continue investment in AI observability and consumption-led products.
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Estimate
Beat
Miss
Match
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 3, 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 |
|---|---|---|---|---|
| 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 |
| BTIG | 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 |
| Needham | Buy | Hold | Upgrade | Sep 18, 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 |
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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.…
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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 |
| IT Gartner, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | -13.0% | Gartner Raises FY2026 Guidance as Contract Value Growth Accelerates |
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Sources
- Earnings call transcript and parsed analysis · 2026-11-03T19:05:19.905542+00:00
- FN2 earnings calendar · 2026-11-03T01:23:13.143323+00:00
- Polygon adjusted daily market bars · 2026-11-03T20:00:46.242863+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-03T20:00:46.240080+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 2026-11-03. For educational purposes only; not investment advice.