N-able Reports Mixed Q2 2026 Results Amid AI Cybersecurity Push — N-able, Inc.

Event summary

N-able reported Q2 2026 revenue of $138.2M, up 5.9% YoY (4.7% constant currency).
Subscription revenue grew 6.1% YoY to $137.1M, with total ARR at $544.5M.
GAAP net income was $1.8M ($0.01 per diluted share), non-GAAP net income $18.7M ($0.10 per diluted share).
Adjusted EBITDA margin held steady at 28.9%, with Q3 revenue guidance of 3% YoY growth.
Launched Shadow AI Visibility and opened Global Capability Centre in Bengaluru.

The big picture

N-able's Q2 results reflect the tension between steady subscription growth and macroeconomic pressures. The company is doubling down on AI-driven cybersecurity solutions, a strategic pivot that could either solidify its market position or strain operational resources. With $500K businesses under protection and a focus on partner-led growth, N-able's ability to scale efficiently will be critical in an increasingly competitive cybersecurity landscape.

What we're watching

AI Integration Pace: How quickly N-able can operationalize AI-powered cybersecurity features to drive differentiation.
Revenue Growth Sustainability: Whether the 6% YoY ARR growth rate can be maintained amid macroeconomic headwinds.
Operational Efficiency: The impact of organizational changes on execution and margin expansion.