GitLab stock reports 21.3 percent revenue growth in Q2
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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. 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. 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...
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