Datadog, Inc.
Shortcut
0.69Normalized diluted EPS
+7.9% vs Street
Street
0.64Normalized diluted EPS
November 1 consensus snapshot
Real
0.81Reported normalized EPS
Model download
Explore the assumptions and calculations behind the forecast. This is the agent’s original workbook. Its review didn’t finish, so it hasn’t been checked or repaired.
Shortcut’s reasoning.
Guidance (6-Aug-26): 3Q26 revenue $1,135–1,145m, non-GAAP OI $260–270m, non-GAAP EPS $0.63–0.65 on ~378m shares; frozen consensus ($0.64 / $1,147.0m) sits at the guidance midpoint.
Datadog beat its revenue guidance midpoint by 4.3–5.3% in each of the last four quarters and its EPS top end every quarter since 2Q25; the model applies a smaller 3.3% revenue beat because the largest (AI) customer cut usage from 3Q26 (management says guidance fully de-risks it).
Quarter evidence supports a beat but not the most bullish previews: Azure +48%, Google Cloud +103%, AWS +39% in the September quarter; Bernstein alt-data shows AI token consumption +50% Q/Q; RBC/TD Cowen preview ~34–35% growth (~$1,190m) versus the model’s 33.0% ($1,178m).
Margin build: non-GAAP gross margin 79.8%, opex 55.5% of revenue (DASH cost absent) gives non-GAAP OI $286m (24.3%); other income $43.8m, 21% non-GAAP tax and 377.5m diluted shares give $0.69 EPS.
Beat prior: S&P 500 member, $84.5bn market cap -> cohort 0.78; 6/6 strict beats -> start 0.874; +0.5pp for de-risked guide and strong cloud prints, offset by largest-customer and Zacks ESP (−0.28%) risk -> 0.879.
On the record.
- Reporting period
- FQ3 2026 (quarter ended 2026-09-30)
- Reporting basis
- non-GAAP (issuer-defined; = normalized EPS) diluted EPS per Class A/B common share, USD
- Consensus snapshot
- November 1, 2026
- Model / effort
- Opus 5.5 · High effort
- Workbook
- Original workbook · review incomplete
Record history
- Forecast generated
- Nov 1, 2026 at 10:24 PM PST
- First posted
- Nov 2, 2026 at 4:10 PM PST
- Result checked
- Nov 4, 2026 at 6:44 AM PST
Result basis
Provider normalized EPS 0.81 matches issuer non-GAAP diluted common-share EPS 0.81, distinct from GAAP diluted EPS 0.32. All six frozen normalized histories match exactly. The issuer reconciliation is retained; item-by-item vendor adjustment identity and financial model acceptance are not established.