PagerDuty, Inc. (PD) saw its stock plummet 6.13% during Tuesday's trading session, reflecting investor concerns over the company's financial outlook and leadership stability.
The drop followed the release of PagerDuty's third-quarter fiscal 2026 results, where adjusted earnings of $0.33 per share beat estimates by 32.53%. However, revenue of $124.545 million missed expectations, and the company lowered its fiscal 2026 revenue guidance to $490–492 million, below the $495.5 million consensus. This shortfall overshadowed the earnings beat, triggering a sell-off.
Investor sentiment was further dampened by the announcement of CFO Owen Howard Wilson's retirement, which raised questions about leadership continuity during a critical period for the company.