GitLab stock reports 21.3 percent revenue growth in Q2

Published on 10/05/2026 at 12:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

GitLab stock delivered USD 0.24 adjusted EPS in Q2 fiscal 2027 on September 1, 2026. Fiscal-year revenue guidance stands at USD 1.129 billion to USD 1.133 billion.

GTLB, US37637K1088, Illustration mit AI erstellt.

GitLab stock (ISIN US37637K1088) closed at USD 49.78 on Nasdaq on October 2, 2026, after the company reported Q2 fiscal 2027 revenue of USD 286.25 million, up 21.3 percent year over year. Yahoo Finance reported the figures on October 1, 2026, highlighting stronger customer demand alongside lower cash generation.

Revenue growth clears expectations

GitLab's adjusted EPS reached USD 0.24 in Q2 fiscal 2027, compared with the USD 0.18 consensus estimate. The result was 33.33 percent above expectations, while revenue exceeded the consensus mark by 4.74 percent, according to Yahoo Finance.

The operating picture was more mixed. Non-GAAP gross margin fell to 86 percent from 90 percent in the year-ago quarter, while non-GAAP operating income rose 7.6 percent to USD 42.57 million. Operating cash flow was negative USD 3.09 million, compared with positive cash flow of USD 49.37 million in the year-ago quarter, according to Yahoo Finance.

Guidance points to continued expansion

For fiscal 2027, GitLab guides to revenue of USD 1.129 billion to USD 1.133 billion, implying 18 percent to 19 percent growth. Third-quarter revenue guidance is USD 281 million to USD 283 million, with adjusted EPS of USD 0.19 to USD 0.20.

The consumption strategy is becoming a larger part of the story. Paid consumption reached a run rate above USD 40 million at the end of Q2, up from USD 15 million after the first quarter, while management targets more than USD 100 million by fiscal year-end. Flex attracted more than 130 customers with commitments exceeding USD 20 million during its first six weeks, according to Yahoo Finance.

Consensus target stays above Nasdaq price

StreetAlpha lists a Hold consensus from 19 analysts, including 5 Buy, 13 Hold and 1 Sell ratings. Its average 12-month target is USD 53.16, with a high of USD 70.00 and a low of USD 42.00, placing the average target 6.8 percent above the October 2 closing price, according to StreetAlpha.

GitLab stock holds above USD 49

GitLab stock closed at USD 49.78 on Nasdaq on October 2, 2026, down USD 0.17 or 0.34 percent from the prior close. The session volume was 2,985,330 shares, and the market capitalization stood at USD 8.4 billion. The 52-week range was USD 18.73 to USD 55.55, leaving the closing price USD 5.77 below the high.