JFrog outlook FY adj EPS $0.96 to $1.00

JFrog Ltd. (NASDAQ: FROG) has provided an updated outlook for fiscal year 2026, forecasting non-GAAP earnings per share (EPS) in the range of $0.96 to $1.00. This guidance reflects the company’s strong performance in the first quarter of 2026, where it reported $154.0 million in revenue, a 26% year-over-year increase. The company’s cloud revenue, a key growth driver, surged 50% year-over-year to $78.9 million, representing 51% of total revenue.

JFrog’s non-GAAP operating income for the year is projected to fall between $112 million and $116 million, with revenue expected to range from $628 million to $632 million. The company’s trailing four-quarter net dollar retention rate reached 120%, up from 116% in the prior year, indicating robust customer retention and expansion. Additionally, the number of customers with annual recurring revenue (ARR) exceeding $1 million increased to 80, a 48% year-over-year rise.

The company’s financial position remains strong, with $741.2 million in cash, cash equivalents, and investments as of March 31, 2026. JFrog also announced a $300 million share repurchase program, signaling confidence in its financial stability and long-term value.

Looking ahead, JFrog’s first-quarter 2026 outlook includes revenue between $154 million and $156 million, with non-GAAP operating income projected between $28 million and $30 million. These figures underscore the company’s consistent execution and growth momentum in the software supply chain and DevOps markets.