Asana Q1 revenue slightly beats estimates on AI product adoption

Asana

28/05/2026 21:24

Overview
Collaboration software firm's fiscal Q1 revenue rose 9.5%, slightly beating analyst expectations
Adjusted EPS for fiscal Q1 beat analyst expectations
Company announced the acquisition of StackAI to expand workflow orchestration for human-agent teams

Outlook
Asana expects Q2 revenue of $213 mln to $215 mln, including StackAI contribution
Company sees Q2 non-GAAP net income per share of $0.08 to $0.09
Asana forecasts full-year revenue of $855.5 mln to $863.5 mln

Result Drivers
AI PRODUCT ADOPTION - Co said increased use of AI Studio and AI Teammates by customers drove automation and deeper integration into operations
CUSTOMER EXPANSION - Growth in core customers and those spending over $100,000 annually contributed to revenue increase
OPERATING EFFICIENCY - Improved operating margins and profitability supported by cost control and efficiency measures

Company press release: ID:nBw208bNCa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
$205.10 mln
$203.61 mln (13 Analysts)
Q1 Adjusted EPS
Beat
$0.10
$0.08 (14 Analysts)
Q1 EPS
 
-$0.06
 
Q1 Adjusted Net Income
Beat
$24.40 mln
$18.37 mln (12 Analysts)
Q1 Adjusted operating income
Beat
$23.60 mln
$16.15 mln (13 Analysts)
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 9 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy."
Wall Street's median 12-month price target for Asana Inc is $9.00, about 40.4% above its May 27 closing price of $6.41
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 29 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)