The earnings call reflected a strong financial performance with significant revenue growth, high operating margins, and successful customer expansions. The company is making strategic investments in AI and its product offerings, positioning itself for future growth. However, challenges remain, including softness in the SMB segment, executive turnover, and potential disruptions from AI tools. Overall, GitLab Inc. is navigating these challenges with a positive outlook.

Company Guidance

During the GitLab Inc. second quarter fiscal year 2026 conference call, the company reported a 29% year-over-year increase in revenue, reaching $236 million. The non-GAAP operating margin improved to 17%, and the company maintained its revenue outlook for the year while raising its non-GAAP operating profit guidance. GitLab Inc. emphasized its dual sales-led and product-led growth strategies, aiming to expand its customer base, especially in the mid-market and enterprise segments. The company also highlighted its focus on AI capabilities, reporting that 72% of new startups joining their program were AI companies. Additionally, GitLab Inc. noted that its GitLab Inc. Ultimate now represents 53% of total ARR, with significant contributions from its dedicated product, which grew 92% year over year, contributing approximately $50 million in ARR. Despite incremental softness in the SMB segment, the company projected total revenue of $930 million to $942 million for the full fiscal year 2026, representing a 24% year-over-year growth rate.

Strong Revenue Growth

GitLab Inc. reported a 29% year-over-year increase in revenue, reaching $236 million for the second quarter.

High Non-GAAP Operating Margin

The company achieved a non-GAAP operating margin of 17% and raised its non-GAAP operating profit outlook.

Successful Customer Expansions

Examples include Virgin Media O2 increasing their investment by more than five times and a major European fintech company reducing mean time to recovery with GitLab Inc. Ultimate.

Significant Increase in SaaS Adoption

SaaS revenue grew 39% year over year, now representing approximately 30% of total revenue.

Positive AI and Product Developments

GitLab Inc. introduced 72 new features across its paid tiers and reported strong initial feedback on its Duo Agent platform with AI capabilities.

Robust Financial Position

The company ended the quarter with $1.2 billion in cash and investments, contributing to flexibility in market navigation and strategic investments.

Strong Customer Retention

The dollar-based net retention rate was 121%, and over 70% of revenue growth in FY 2026 was attributed to paid seat growth.

Gitlab (GTLB) Earnings, Revenues Date & History

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GTLB Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Dec 08, 2025	2026 (Q3)	0.20 / -	0.23	―	―	―
Sep 03, 2025	2026 (Q2)	0.16 / 0.24	0.15	60.00% (+0.09)
Jun 10, 2025	2026 (Q1)	0.15 / 0.17	0.03	466.67% (+0.14)
Mar 03, 2025	2025 (Q4)	0.23 / 0.33	0.15	120.00% (+0.18)
Dec 05, 2024	2025 (Q3)	0.15 / 0.23	0.09	155.56% (+0.14)
Sep 03, 2024	2025 (Q2)	0.10 / 0.15	0.01	1400.00% (+0.14)
Jun 03, 2024	2025 (Q1)	-0.04 / 0.03	-0.06	150.00% (+0.09)
Mar 04, 2024	2024 (Q4)	0.08 / 0.15	-0.03	600.00% (+0.18)
Dec 04, 2023	2024 (Q3)	>-0.01 / 0.09	-0.1	190.00% (+0.19)
Sep 05, 2023	2024 (Q2)	-0.03 / 0.01	-0.15	106.67% (+0.16)

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

GTLB Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Sep 03, 2025	$46.91	$43.46	-7.35%
Jun 10, 2025	$48.51	$43.37	-10.60%
Mar 03, 2025	$56.25	$62.80	+11.64%
Dec 05, 2024	$66.04	$67.19	+1.74%

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.