Asana Q2 2027: EPS beats by 14%, guidance raised to $863.5M
As seen on the 24/7 Wall St. homepage on September 3, 2026.
Asana raised full-year revenue guidance to as much as $863.5 million after topping both lines. Non-GAAP operating margin expanded to 10.1%, $100K-plus customers rose 16% to 890 accounts, and management is pushing toward consumption and outcome-based pricing on top of seats.
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A fourth straight quarter of clearing EPS expectations puts Asana's cost discipline on firmer ground, with adjusted non-GAAP EPS of $0.10 beating the $0.09 estimate.
The $100K-plus customer cohort grew 16% year over year to 890 accounts, and dollar-based net retention improved across every reported segment, though overall NRR of 97% remains just below the 100% threshold that signals a self-sustaining expansion motion.
Non-GAAP operating margin reached 10.1%, an expansion of roughly 300 basis points year over year, and the company repurchased $51.5 million of common stock during the quarter, a notable capital allocation signal for a business that still carries a significant accumulated GAAP deficit.
Management raised full-year fiscal 2027 revenue guidance to a range of $858.5 million to $863.5 million, implying roughly 9% year-over-year growth. Full-year non-GAAP EPS guidance stands at $0.37.
Asana is moving toward consumption- and outcome-based pricing alongside the existing seat model, with CEO Dan Rogers citing customers using AI Studio and AI Teammates as retaining better and expanding faster. The StackAI acquisition extends the platform into CRMs and ERPs, adding enterprise reach beyond what seat-based pricing captures.
Mentioned: ASAN