GitLab stock reports 21.3 percent Q2 revenue growth
Published on 10/04/2026 at 22:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
GitLab stock (ISIN US37637K1088) was last at USD 49.78 on Nasdaq on October 2, 2026, while the company reported Q2 fiscal 2027 revenue of USD 286.25 million. Revenue increased 21.3 percent year over year, making the latest quarter the central performance marker for investors assessing GitLab's AI and consumption-pricing strategy.
Revenue beat sets the tone
According to MarketBeat, GitLab reported USD 286.25 million of revenue for the quarter and adjusted EPS of USD 0.24. The revenue result exceeded the USD 273.13 million analyst estimate, while adjusted EPS surpassed the USD 0.18 consensus by USD 0.06.
The reporting period ended July 31, 2026, and GitLab's adjusted EPS was unchanged from the comparable quarter according to the same MarketBeat report. The revenue comparison was stronger: the USD 286.25 million result represented 21.3 percent year-over-year growth.
GitLab also set fiscal 2027 adjusted EPS guidance at USD 0.85 to USD 0.87, while Q3 fiscal 2027 adjusted EPS guidance stood at USD 0.19 to USD 0.20. That combination gives the growth story a measurable profitability checkpoint, although the quarterly net margin cited by MarketBeat was negative 4.99 percent.
Flex and AI add operating metrics
GitLab's consumption-based Flex model is becoming a key operating indicator. MarketBeat reported that platform-wide paid consumption run rate exceeded USD 40 million in Q2 fiscal 2027.
The same report said net annual recurring revenue growth surpassed 40 percent in the quarter. These metrics point to a business mix that is extending beyond seat-based subscriptions, but they also raise the importance of converting usage into durable revenue and improving profitability.
GitLab's market value was USD 8.4 billion on October 2, 2026. Trading volume was 2,985,330 shares, while the 52-week range was USD 18.73 to USD 55.55, placing the latest price USD 5.77 below the yearly high.
Analysts keep a measured stance
MarketBeat reported a Hold consensus from 28 analysts, including 17 Hold ratings, seven Buy ratings and four Sell ratings. The average 12-month price target was USD 51.75, which lies 3.96 percent above the October 2 price.
The distribution matters because the target sits only USD 1.97 above the latest price, while the 52-week high is USD 55.55. MarketBeat also listed a negative net margin of 4.99 percent, giving investors a concrete counterweight to the 21.3 percent revenue increase.
One analyst update cited by MarketBeat showed Rosenblatt Securities raising its price objective from USD 43.00 to USD 55.00 on September 2, 2026, with a Buy rating. Other September 2 changes included Wells Fargo lifting its target from USD 40.00 to USD 50.00 with an Equal Weight rating.
Next earnings date is December 1
Zacks states that GitLab has announced its next earnings release for December 1, 2026. The listed consensus estimate for the October 2026 quarter is USD 0.20 per share.
That date creates the next test for the Flex transition and AI monetization narrative. The key comparison will be whether quarterly revenue growth stays above the 15 percent to 16 percent range described in the Q3 outlook while adjusted EPS remains within the USD 0.19 to USD 0.20 guidance range.
GitLab stock remains below yearly high
GitLab stock was last at USD 49.78 on Nasdaq on October 2, 2026, with a daily change of negative 0.34 percent. The next company checkpoint is the December 1, 2026 earnings release, with revenue growth, Flex consumption and adjusted EPS likely to define the market's reading of the Q2 beat.
GitLab stock facts
- Company: GitLab Inc.
- ISIN: US37637K1088
- Ticker: GTLB
- Trading venue: Nasdaq
- Price (as of October 2, 2026, 4:00 p.m. ET): USD 49.78
- Market capitalization: USD 8.4 billion (as of October 2, 2026)
- 52-week range: USD 18.73-55.55 (as of October 2, 2026)
- Sector / Industry: Technology / Internet - Software
Upcoming dates for GitLab stock
- December 1, 2026: Q3 fiscal 2027 earnings release
