Overview

* Asana fiscal Q2 rev grows 10% yr/yr, beating analyst expectations, per LSEG data

* Adjusted EPS for fiscal Q2 beats consensus

* Co raises FY26 revenue and non-GAAP operating margin guidance

Outlook

* Asana raises FY26 revenue guidance to $780 mln to $790 mln

* Company expects Q3 revenue of $197.5 mln to $199.5 mln

* Asana sees FY26 non-GAAP operating income of $46 mln to $50 mln

* Company anticipates Q3 non-GAAP net income per share of $0.06 to $0.07

Result Drivers

* AI INTEGRATION - Asana credits AI Studio and Smart Workflows for driving efficiency and productivity, contributing to revenue growth

* CUSTOMER EXPANSION - Stabilized net retention rate and improved customer expansion as AI Studio gains traction

* OPERATING MARGIN IMPROVEMENT - Non-GAAP operating margin improved by 16 percentage points year over year

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $196.90 $193 mln

Revenue mln (12

Analysts

)

Q2 Beat $0.06 $0.05

Adjusted (12

EPS Analysts

)

Q2 EPS -$0.2

Q2 Beat $15.10 $11.90

Adjusted mln mln (10

Net Analysts

Income )

Q2 Beat $14 mln $9.34

Adjusted mln (11

operatin Analysts

g income )

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 8 "hold" and 3 "sell" or "strong sell"

* The average consensus recommendation for the software peer group is "buy."

* Wall Street's median 12-month price target for Asana Inc ( ASAN ) is $17.00, about 18.1% above its September 2 closing price of $13.92

* The stock recently traded at 48 times the next 12-month earnings vs. a P/E of 76 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)