GTLB stock reports 21.3 percent revenue growth in Q2

Published on 10/07/2026 at 04:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

GTLB stock posted USD 286.25 million revenue in fiscal Q2 2027, while non-GAAP EPS reached USD 0.24. Fiscal-year sales guidance is USD 1.129 billion to USD 1.133 billion.

GTLB, US37637K1088, Illustration mit AI erstellt.

GTLB stock was last at USD 51.63 on Nasdaq on October 6, 2026, while GitLab delivered 21.3 percent year-over-year revenue growth in fiscal Q2 2027. The latest quarter puts the companys USD 1.129 billion to USD 1.133 billion full-year sales outlook against a market capitalization of USD 8.7 billion.

Revenue beat sets the benchmark

According to Yahoo Finance, GitLab generated USD 286.25 million of revenue in fiscal Q2 2027, a 21.3 percent increase from the year-earlier quarter and a 4.74 percent beat against consensus. Non-GAAP EPS was USD 0.24, unchanged year over year but 33.33 percent above the consensus estimate.

The operating mix also shows where the growth is coming from. Subscription, self-managed and SaaS revenue rose 21.5 percent to USD 258.31 million, while SaaS revenue increased 36 percent and represented 34 percent of total revenue, according to Yahoo Finance.

Guidance meets a higher bar

GitLab guides to fiscal 2027 revenue of USD 1.129 billion to USD 1.133 billion, equivalent to 18 percent to 19 percent growth. The company projects non-GAAP operating income of USD 148 million to USD 152 million and non-GAAP EPS of USD 0.85 to USD 0.87, figures reported by Yahoo Finance.

The near-term comparison is more demanding: fiscal Q3 revenue guidance of USD 281 million to USD 283 million implies 15 percent to 16 percent year-over-year growth, below the Q2 growth rate. Management also estimates a maximum USD 13 million fiscal 2027 revenue-timing impact from Flex adoption, keeping execution and timing central to the earnings debate.

Consensus leaves limited upside

StreetAlpha reports a Hold consensus from 19 analysts, with an average 12-month target of USD 53.16, a high of USD 70.00 and a low of USD 42.00. Against the USD 51.63 last price on October 6, 2026, the average target lies 2.96 percent above the price.

The analyst range reflects a divided view after the strong quarter. StreetAlpha lists DA Davidson raising its target from USD 45 to USD 55 while retaining a Hold rating on September 2, 2026, alongside several other target increases.

Stock remains below yearly high

GTLB was last at USD 51.63 on Nasdaq at 4:00 p.m. ET on October 6, 2026, up USD 0.13, or 0.25 percent, from the prior close. The price stood 7.06 percent below the 52-week high of USD 55.55, with volume of 4,256,612 shares.