Okta shares fall 7.70% premarket as investors react to lack of fiscal 2027 guidance despite Q3 results beating estimates.

Okta (OKTA) fell 7.70% in premarket trading following mixed reactions to its fiscal Q3 2026 earnings report and guidance. While the company exceeded revenue and earnings estimates and raised full-year guidance, investors focused on the absence of a fiscal 2027 outlook, which analysts interpreted as a lack of long-term confidence. This omission, despite strong performance metrics such as 11.6% revenue growth and improved margins, triggered selling pressure as investors questioned sustainability. The move aligns with bearish commentary in Reasons 2 and 3, which highlighted the guidance gap as a catalyst for the premarket decline. Bullish fundamentals from the earnings beat were overshadowed by the perceived shortcoming in forward-looking visibility.