JFrog (NASDAQ:FROG) Releases Q2 2026 Earnings Guidance

JFrog (NASDAQ:FROG) updated its second quarter 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.230-0.25 for the period, compared to the consensus estimate of 0.150. The company issued revenue guidance of $154.0 million-$156.0 million, compared to the consensus revenue estimate of $151.7 million. JFrog also updated its FY 2026 guidance to 0.930-0.970 EPS.

JFrog Stock Up 6.0%

FROG opened at $57.02 on Friday. JFrog has a 52-week low of $34.05 and a 52-week high of $70.43. The company has a 50 day moving average of $44.84 and a two-hundred day moving average of $52.80. The company has a market cap of $6.91 billion, a P/E ratio of -91.97 and a beta of 1.02.

JFrog (NASDAQ:FROG) last issued its earnings results on Thursday, February 12th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. JFrog had a negative net margin of 13.50% and a negative return on equity of 5.74%. The business had revenue of $145.31 million for the quarter, compared to the consensus estimate of $138.09 million. During the same quarter last year, the firm posted $0.19 EPS. The business’s revenue for the quarter was up 25.2% compared to the same quarter last year. JFrog has set its FY 2026 guidance at 0.880-0.920 EPS and its Q1 2026 guidance at 0.200-0.220 EPS. Research analysts anticipate that JFrog will post -0.21 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FROG. DA Davidson decreased their target price on JFrog from $75.00 to $65.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Cantor Fitzgerald reissued an “overweight” rating and set a $80.00 price target on shares of JFrog in a research report on Wednesday, April 22nd. Morgan Stanley restated an “overweight” rating on shares of JFrog in a report on Friday. Needham & Company LLC increased their price objective on shares of JFrog from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Friday. Finally, TD Cowen dropped their price objective on shares of JFrog from $80.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. Eighteen analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $69.42.

Insider Transactions at JFrog

In other JFrog news, CFO Eduard Grabscheid sold 15,639 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $40.15, for a total value of $627,905.85. Following the transaction, the chief financial officer directly owned 239,902 shares of the company’s stock, valued at $9,632,065.30. This represents a 6.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Yoav Landman sold 15,000 shares of the stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $42.87, for a total value of $643,050.00. Following the transaction, the chief technology officer owned 5,828,437 shares of the company’s stock, valued at approximately $249,865,094.19. This trade represents a 0.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 295,003 shares of company stock valued at $12,888,031 in the last three months. 11.80% of the stock is currently owned by company insiders.

Key JFrog News

Here are the key news stories impacting JFrog this week:

• Positive Sentiment: Q1 beats — JFrog reported non‑GAAP EPS of $0.27 and revenue of ~$154.0M (≈+26% YoY), topping consensus and showing both revenue and profitability beats that re‑rated expectations. JFrog Announces First Quarter 2026 Results
• Positive Sentiment: Raised guidance — Management boosted Q2 and FY26 guidance (Q2 EPS 0.23–0.25 vs. Street ~0.15; FY EPS 0.93–0.97 vs. prior Street ~0.68), prompting a re‑pricing of growth and margin expectations. JFrog Earnings Beat Expectations. CEO Says AI Will Drive More Demand.
• Positive Sentiment: Cloud & customer momentum — Cloud revenue accelerated (~$78.9M, +50% YoY) and now represents ~51% of revenue; net dollar retention ~120% and large (>$1M ARR) customers increased meaningfully — signals durable, higher‑margin subscription growth. JFrog (FROG) jumps after Q1 results top expectations and guidance moves higher
• Neutral Sentiment: Earnings call / transcript available — The conference call and transcript provide extra detail on AI demand drivers and go‑to‑market execution; useful for parsing sustainability of the beat. JFrog Ltd. (FROG) Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Analyst/coverage notes — Independent outlets (Zacks, MarketBeat summaries) highlighted the beat and upgraded model inputs; follow‑on analyst revisions will determine the magnitude of the rerating. JFrog Ltd. (FROG) Q1 Earnings and Revenues Top Estimates
• Negative Sentiment: Governance / valuation cautions — Despite operational improvements, GAAP net margin remains negative and there has been heavy insider selling activity recently, which some investors may view as a red flag. JFrog (FROG) jumps after Q1 results top expectations and guidance moves higher

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Whale Rock Capital Management LLC raised its stake in shares of JFrog by 82.2% in the 4th quarter. Whale Rock Capital Management LLC now owns 5,297,812 shares of the company’s stock valued at $330,901,000 after purchasing an additional 2,389,415 shares in the last quarter. Wasatch Advisors LP grew its stake in JFrog by 6.0% in the third quarter. Wasatch Advisors LP now owns 2,710,886 shares of the company’s stock worth $128,306,000 after purchasing an additional 153,283 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in JFrog by 30.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,683,153 shares of the company’s stock valued at $167,590,000 after buying an additional 633,231 shares during the last quarter. Invesco Ltd. raised its stake in JFrog by 6,868.3% during the fourth quarter. Invesco Ltd. now owns 2,104,071 shares of the company’s stock valued at $131,420,000 after buying an additional 2,073,876 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in JFrog by 11.8% during the 3rd quarter. Bank of America Corp DE now owns 1,607,498 shares of the company’s stock worth $76,083,000 after buying an additional 170,146 shares during the last quarter. 85.02% of the stock is owned by institutional investors and hedge funds.

About JFrog

JFrog is a software company specializing in DevOps solutions designed to streamline the management, distribution and security of software binaries. Its core offering, JFrog Artifactory, serves as a universal artifact repository manager compatible with all major package formats, enabling development teams to store, version and share build artifacts across the software delivery pipeline. The company’s platform also includes tools for continuous integration and delivery (CI/CD), security scanning and release automation.

Among JFrog’s flagship products are JFrog Xray, a security and compliance scanning service that analyzes artifacts and dependencies for vulnerabilities; JFrog Pipelines, a CI/CD orchestration engine that automates build and release workflows; and JFrog Distribution, which accelerates the secure distribution of software releases to edge nodes and end users.