Companies /Technology

Asana Inc - Class A

NYSE: ASAN Software - Application
$9.65
▲ $0.15 (+1.58%) today
Markets closed · 9:06pm ET

Q2 2027 Earnings

Reported Sep 3, 2026, 4:08pm ET · SEC source
$0.10
Beat +14.29%
EPS · est. $0.09 Adjusted
$216.4M
Beat +1.06%
Revenue · est. $214.2M
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
0+6%+12%+18%Sep 3Sep 4report 4:08pm ETearnings−0.4%+1.1%
0+6%+12%+18%Sep 3Sep 4earnings−0.4%+1.1%
ASAN +1.1%S&P 500 −0.4%
0+6%+12%+18%Sep 3Sep 4report 4:08pm ETearnings+0.0%+1.1%
0+6%+12%+18%Sep 3Sep 4earnings+0.0%+1.1%
ASAN +1.1%NASDAQ +0.0%
−7%0+7%+14%Sep 2Sep 11report 4:08pm ETearnings−1.0%−1.3%
−7%0+7%+14%Sep 2Sep 11earnings−1.0%−1.3%
ASAN −1.3%S&P 500 −1.0%
−7%0+7%+14%Sep 2Sep 11report 4:08pm ETearnings−0.3%−1.3%
−7%0+7%+14%Sep 2Sep 11earnings−0.3%−1.3%
ASAN −1.3%NASDAQ −0.3%
−12.69%
Day of report
−0.23%
Next session
+9.65%
One week

Did ASAN Beat Earnings? Q2 2027 Results

Asana posted a solid second quarter for fiscal 2027, beating Wall Street on both the top and bottom lines as its accelerating AI product push helped sustain revenue momentum. The work management software company reported revenue of $216.43 million, up 9.9% year over year and ahead of the $214.16 million consensus estimate, while adjusted non-GAAP EPS of $0.10 beat the $0.09 consensus by 14.29%, marking the fourth consecutive quarter Asana has topped EPS expectations. The standout driver was a broad-based improvement in customer metrics, with the $100K-plus customer cohort growing 16% to 890 accounts and dollar-based net retention rates improving across every reported segment. Profitability continued to improve meaningfully, with non-GAAP operating margin expanding roughly 300 basis points to 10.1%. Looking ahead, management raised full-year fiscal 2027 revenue guidance to $858.50 million to $863.50 million and signaled a strategic shift toward consumption- and outcome-based pricing, which the company views as a meaningful expansion of its long-term revenue opportunity.

Key Takeaways
  • 10% year-over-year revenue growth, exceeding high end of guidance
  • Improving dollar-based net retention across all reported cohorts with overall NRR of 97%
  • Core customer count grew 7% YoY to 26,778 with revenues from Core customers growing 11%
  • $100K+ customers grew 16% YoY to 890
  • Non-GAAP operating margin expanded approximately 300 bps YoY to 10.1%
  • GAAP operating margin improved approximately 610 bps year over year

“Our core business continues to strengthen, with improving retention, accelerating growth in our upmarket motion and broad-based momentum across industries and geographies.”

Asana CEO, on the earnings call

Forward Guidance & Outlook

For Q3 fiscal 2027, Asana expects revenues of $217 million to $219 million (8-9% YoY growth), non-GAAP operating income of $18 million to $19 million (8-9% operating margin), and non-GAAP net income per share of $0.08 on approximately 236 million diluted shares. For full-year fiscal 2027, the company raised guidance to revenues of $858.5 million to $863.5 million (9% YoY growth), non-GAAP operating income of $84.5 million to $86.5 million (approximately 10% operating margin), and non-GAAP net income per share of $0.37 on approximately 239 million diluted shares. Management also signaled a strategic shift toward consumption- and outcome-based revenue streams alongside seat-based pricing to broaden the long-term growth opportunity.

ASAN YoY Financials

Q2 2027 vs Q2 2026 · SEC filings Q2 2026 Q2 2027
$0$80.0M$160.0M$196.9M$216.4MRevenue$176.7M$186.1MGross Profit$-35,332,590$-41,219,000Operating Income$-32,943,006$-39,189,000Net Income
$0$80.0M$160.0MRevenueGross ProfitOperating IncomeNet Income

Figures from SEC filings and company reports. Not investment advice.