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Asana

ASAN Q2 2026 Earnings

Reported Sep 3, 2025 at 4:06 PM ET · SEC Source

Q2 26 EPS

$0.06

BEAT +20.72%

Est. $0.05

Q2 26 Revenue

$196.9M

BEAT +2.04%

Est. $193.0M

vs S&P Since Q2 26

-71.9%

TRAILING MARKET

ASAN -58.8% vs S&P +13.1%

Market Reaction

Did ASAN Beat Earnings? Q2 2026 Results

Asana delivered a clean beat across the board in Q2 fiscal 2026, posting revenue of $196.94 million, up 9.9% year over year and ahead of the $193.01 million consensus, while non-GAAP EPS of $0.06 topped the $0.05 estimate by 20.72%, swinging from a l… Read more Asana delivered a clean beat across the board in Q2 fiscal 2026, posting revenue of $196.94 million, up 9.9% year over year and ahead of the $193.01 million consensus, while non-GAAP EPS of $0.06 topped the $0.05 estimate by 20.72%, swinging from a loss of $0.05 in the year-ago period. The most material driver behind the profit improvement was a sharp pullback in operating costs, with non-GAAP R&D falling to 24.2% of revenue from 31.5% and sales and marketing dropping to 44.8% from 50.9%, together pushing the company to non-GAAP operating income of $14.01 million versus a loss of $15.66 million a year ago. Enterprise momentum also contributed, with customers spending $100,000 or more growing 19% year over year to 770. Free cash flow strengthened to $35.38 million from $12.76 million, and the company repurchased $28.87 million in stock during the quarter, a signal of balance sheet confidence even as a notable insider purchase drew attention around the filing. Looking ahead, Asana raised its full-year FY26 revenue guidance to $780.00 million to $790.00 million, reflecting 8% to 9% growth.

Key Takeaways

  • • 10% YoY revenue growth exceeding high end of guidance
  • • Non-GAAP operating margin improved 16 percentage points YoY to 7%
  • • Customers spending $100,000+ grew 19% YoY to 770
  • • Core customers grew 9% YoY to 25,006 with 12% revenue growth from Core customers
  • • AI Studio ramp contributing to improvement in expansion
  • • Operating cash flow grew to $39.8M from $15.9M YoY
24/7 Wall St

ASAN YoY Financials

Q2 2026 vs Q2 2025, source: SEC Filings

“Every company is looking for the productivity unlock from AI. With the Asana Work Graph and AI Studio, we bring AI workflows directly into the flow of work—so teams move faster, operate more efficiently, and deliver stronger business outcomes.”

— Dan Rogers, Q2 2026 Earnings Press Release

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