Okta gave investors a cleaner reason to look twice at software earnings on the same day DICK’S Sporting Goods was punished for a more complicated report. Okta said quarterly revenue rose 10.6% to $805 million and adjusted EPS reached $1.05, while its current remaining performance obligations climbed 14% to $2.6 billion.
Those numbers matter because remaining performance obligations are a forward-looking contract measure: when they rise, they suggest more revenue is already booked for future periods rather than depending only on new sales each quarter. Okta also said the number of customers generating more than $1 million in annual contract value increased by more than 20%, a sign that larger accounts are still building inside the business.
That is why investors searching for an Adobe Ceo update are also watching the rest of the earnings tape. Recent results from Okta, CrowdStrike and DICK’S Sporting Goods have been pulling in extra attention because they offer a quick read on how companies are handling a tougher market for growth and profits. In Okta’s case, the quarter pointed to improving demand without the kind of headline miss that can knock confidence out of a stock.
DICK’S Sporting Goods was the contrast. It reported adjusted EPS of $3.53 on revenue of $5.6 billion, with earnings sliding roughly 20% from a year earlier even as revenue climbed 53%. Comparable sales rose 4.9%, but the growth was flattered by Foot Locker, which DICK’S Sporting Goods acquired last September. Foot Locker comparable sales fell 3.6%, and management cut its fiscal 2026 adjusted EPS outlook.
That combination is what investors are sorting through now: top-line growth that looks eye-catching on paper, but a bottom line that came in below expectations and a forecast that was trimmed anyway. The acquisition helped lift reported revenue, yet the operating picture still left enough doubt to overshadow the headline increase, which is why the stock reaction is likely to stay focused on whether the gains are coming from durable demand or just the arithmetic of consolidation.
For Okta, the question is simpler and more durable. If the company keeps turning higher contract commitments into revenue and keeps landing larger customers, the latest quarter will look less like a one-off and more like a turning point. For DICK’S Sporting Goods, the next read will be whether the business can make its sales growth look like more than a footprint effect.
