PagerDuty (PD) Surges 30.9% After Q1 Earnings Beat, Raised Profit Forecast

PagerDuty Inc. (NYSE:PD) shares soared 30.9% on May 29, 2026, after the company reported fiscal first-quarter results that exceeded Wall Street expectations and raised its full-year profit guidance. Revenue of $121 million was flat year-over-year but surpassed analyst estimates. Adjusted earnings of $0.33 per share beat consensus by 33.2%, while operating margin swung to 7.6% from -8.6% a year earlier. The company lifted its full-year adjusted EPS midpoint to $1.30. The stock closed at $9.94, up 33.8% from the prior close, but remains 42.3% below its 52-week high of $17.17 set in September 2025. The rally also reflects easing fears that AI will obliterate traditional SaaS platforms, as PagerDuty's deep enterprise integrations and proprietary data may allow it to harness AI rather than be displaced by it.