NASDAQ$GTLB
GitLab · Q2 2026 earnings
Q2 2026 earnings · · After market close · Investor relations
Briefing
GitLab reported strong Q2 FY26 results with solid revenue growth and expanded non-GAAP profitability.
GitLab posted 29% year-over-year revenue growth in Q2 FY26, supported by increased large customer adoption and strong net retention. While GAAP results showed a loss, the company achieved solid non-GAAP profitability and positive free cash flow.
- Revenue grew 29% YoY to $236M.
- Non-GAAP EPS reached $0.24 while GAAP EPS was -$0.06.
- Adjusted free cash flow hit $46.5M.
- Customers with over $100K in ARR increased by 25% YoY.
Headline financials
Revenue & EPS history
GitLab · Revenue · Quarterly
$236M
Revenue by segment
GitLab · $150M total across 2 segments · Q3 2024
- Subscription—self-managed and SaaS$131M+33.1%87.5%
- License—self-managed and other$18.7M+28.4%12.5%
Forward guidance
GitLab expects continued revenue growth and profitability improvements in Q3 and full FY26, guided by strength in its AI-powered DevSecOps platform and enterprise adoption.
Tailwinds
- Q3 FY26 revenue guided to $238M–$239M
- FY26 revenue guided to $936M–$942M
- Q3 non-GAAP EPS expected at $0.19–$0.20
- FY26 non-GAAP EPS guided to $0.82–$0.83
- Non-GAAP operating income guided at $133M–$136M for FY26
Headwinds
- GAAP losses continue despite growth
- Lower GAAP gross margin compared to prior year
- Higher R&D and G&A expenses
- Decline in GAAP net income YoY
- Uncertainty due to CFO transition mid-September
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2026
+2.6%
Avg return
Earnings day
+5.4%
Avg return
5 days after
+1.6%
Avg return
30 days after
52%
12 / 23 earnings
Positive
+37.7%
Q1 2024
Best reaction
-23.4%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | -7.2% | -7.9% | -15.5% | |
| Q3 2026 | -12.8% | -9.9% | -16.6% | |
| Q2 2026 | -7.3% | +2.7% | +0.0% | |
| Q1 2026 | -0.1% | +2.7% | +2.3% | |
| Q4 2025 | +11.6% | +0.2% | -24.4% | |
| Q3 2025 | +0.9% | -7.5% | -10.2% | |
| Q2 2025 | +14.7% | +12.0% | +2.9% | |
| Q1 2025 | -5.2% | -7.6% | +12.7% | |
| Q4 2024 | -19.7% | -21.3% | -22.9% | |
| Q3 2024 | +12.4% | +12.8% | +11.2% | |
| Q2 2024 | +1.7% | +6.5% | -9.4% | |
| Q1 2024 | +37.7% | +39.9% | +50.3% | |
| Q4 2023 | -23.4% | -16.8% | -23.6% | |
| Q3 2023 | +1.6% | +12.4% | +3.1% | |
| Q2 2022 | +16.6% | +30.2% | +12.1% | |
| Q2 2023 | +12.1% | +20.0% | +17.5% | |
| Q1 2022 | +26.4% | +12.8% | +48.3% | |
| Q1 2023 | +24.6% | +9.8% | +36.8% | |
| Q1 2020 | -7.1% | +2.0% | -15.0% | |
| Q4 2022 | +0.5% | +76.9% | +43.3% | |
| Q4 2021 | -5.4% | -15.9% | -21.6% | |
| Q3 2021 | -5.4% | -15.9% | -21.6% | |
| Q3 2022 | -7.1% | -14.8% | -21.7% | |
| Q2 2021 | — | — | — | |
| Q1 2021 | — | — | — |
Discussion
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