The earnings call presented a positive outlook with solid revenue growth, improved operating margins, and strong performance in AI Studio and international markets. However, challenges remain in the tech sector and evolving search dynamics, which could impact SMB growth.

Company Guidance

During Asana's second quarter fiscal year 2026 earnings call, several key metrics and strategic initiatives were highlighted. Asana reported a 10% year-over-year increase in total revenues, surpassing their guidance expectations. Notably, the company's non-GAAP operating margin expanded by nearly 1,600 basis points year over year to 7%. The number of customers spending over $100,000 annually grew by 19% compared to the previous year. Furthermore, Asana's AI Studio saw significant traction, with ARR more than doubling quarter over quarter. International revenue growth outpaced the US, with Japan being one of the fastest-growing markets. The company also maintained a strong gross margin of 90% and ended the quarter with $475.2 million in cash, cash equivalents, and marketable securities. Looking ahead, Asana provided guidance for Q3 fiscal 2026, projecting revenues between $197.5 million and $199.5 million, and a non-GAAP operating income between $12 million and $14 million.

Revenue Growth

Total revenues were up 10% year over year, exceeding the top end of guidance with strong contributions from all customer cohorts and geographies.

AI Studio Performance

AI Studio ARR more than doubled quarter over quarter, with strong adoption and increased customer engagement.

Operating Margin Improvement

Non-GAAP operating margin expanded almost 1,600 basis points year over year to 7%, above guidance range.

Customer Growth

The number of $100,000 plus customers grew 19% year over year.

International Growth

International revenue grew 13% year over year, outpacing the US market's 8% growth.

Asana (ASAN) Earnings, Revenues Date & History

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ASAN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 27, 2025	2026 (Q3)	0.06 / -	-0.02	―	―	―
Sep 03, 2025	2026 (Q2)	0.05 / 0.06	-0.05	220.00% (+0.11)
Jun 04, 2025	2026 (Q1)	0.03 / 0.05	-0.06	183.33% (+0.11)
Mar 10, 2025	2025 (Q4)	-0.01 / 0.00	-0.04	―
Dec 05, 2024	2025 (Q3)	-0.07 / -0.02	-0.04	50.00% (+0.02)
Sep 03, 2024	2025 (Q2)	-0.08 / -0.05	-0.04	-25.00% (-0.01)
May 30, 2024	2025 (Q1)	-0.08 / -0.06	-0.09	33.33% (+0.03)
Mar 11, 2024	2024 (Q4)	-0.10 / -0.04	-0.15	73.33% (+0.11)
Dec 05, 2023	2024 (Q3)	-0.11 / -0.04	-0.26	84.62% (+0.22)
Sep 05, 2023	2024 (Q2)	-0.12 / -0.04	-0.34	88.24% (+0.30)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

ASAN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Sep 03, 2025	$14.23	$14.63	+2.81%
Jun 04, 2025	$15.11	$14.72	-2.58%
Mar 10, 2025	$16.68	$12.64	-24.22%
Dec 05, 2024	$15.46	$22.19	+43.53%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.