Gitlab Inc - Class A
Q2 2026 Earnings
Market Reaction
S&P 500 over the same 30 days: +3.46%.
Did GTLB Beat Earnings? Q2 2026 Results
GitLab delivered a standout second quarter of fiscal year 2026, with results that left little room for doubt about the momentum behind its AI-native DevSecOps platform — an outcome many had been <a href="https://247wallst.com/investing/2025/09/03/live-will-gitlab-finally-breakout-after-tonights-earnings-release/">watching closely heading into the print</a>. Revenue climbed 29.2% year-over-year to $235.96 million, edging past the $227.20 million consensus by 3.86%, while non-GAAP diluted EPS of $0.24 ran well ahead of the $0.16 analyst estimate — a 46.25% beat driven largely by non-GAAP operating margin expanding to 17% from 10% a year earlier. Enterprise traction remained a clear engine of growth, with customers generating more than $100,000 in ARR rising 25% year-over-year to 1,344, and a Dollar-Based Net Retention Rate of 121% signaling healthy expansion within the existing base. Total remaining performance obligations grew 32% to $988.20 million, underpinning management's full-year revenue guidance of $936 million to $942 million, with non-GAAP EPS expected in the range of $0.82 to $0.83 — projections that suggest GitLab sees its profitability trajectory as durable rather than episodic.
- 29% year-over-year revenue growth driven by enterprise adoption of AI-native DevSecOps platform
- Dollar-Based Net Retention Rate of 121%
- Customers with more than $100,000 ARR grew 25% year-over-year to 1,344
- Total RPO grew 32% year-over-year to $988.2 million
- Non-GAAP operating margin expanded to 17% from 10% year-over-year
“This quarter's results demonstrate the strength of GitLab's AI-native DevSecOps platform as we continue to drive customer-focused innovation. GitLab Duo Agent Platform represents our vision for human-AI collaboration across the software development lifecycle. With extensibility and interoperability at our core, GitLab gives customers the flexibility to build software with their choice of AI generation tools integrated directly within GitLab, underpinned by the full lifecycle data needed to deliver faster, higher quality AI outcomes.”
GitLab CEO, on the earnings call
Forward Guidance & Outlook
For Q3 FY2026, GitLab expects revenue of $238.0 million to $239.0 million, non-GAAP operating income of $31.0 million to $32.0 million, and non-GAAP diluted net income per share of $0.19 to $0.20 assuming approximately 171 million weighted average shares outstanding. For full fiscal year 2026, GitLab expects revenue of $936 million to $942 million, non-GAAP operating income of $133 million to $136 million, and non-GAAP diluted net income per share of $0.82 to $0.83 assuming approximately 171 million weighted average shares outstanding.
GTLB YoY Financials
GTLB Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.