Office-management software firm Asana beats Q2 revenue estimates; lifts FY guidance

Asana

03/09/2025 21:15

Overview

Asana fiscal Q2 rev grows 10% yr/yr, beating analyst expectations, per LSEG data

Adjusted EPS for fiscal Q2 beats consensus

Co raises FY26 revenue and non-GAAP operating margin guidance

Outlook

Asana raises FY26 revenue guidance to $780 mln to $790 mln

Company expects Q3 revenue of $197.5 mln to $199.5 mln

Asana sees FY26 non-GAAP operating income of $46 mln to $50 mln

Company anticipates Q3 non-GAAP net income per share of $0.06 to $0.07

Result Drivers

AI INTEGRATION - Asana credits AI Studio and Smart Workflows for driving efficiency and productivity, contributing to revenue growth

CUSTOMER EXPANSION - Stabilized net retention rate and improved customer expansion as AI Studio gains traction

OPERATING MARGIN IMPROVEMENT - Non-GAAP operating margin improved by 16 percentage points year over year

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$196.90 mln
$193 mln (12 Analysts)
Q2 Adjusted EPS
Beat
$0.06
$0.05 (12 Analysts)
Q2 EPS
-$0.2
Q2 Adjusted Net Income
Beat
$15.10 mln
$11.90 mln (10 Analysts)
Q2 Adjusted operating income
Beat
$14 mln
$9.34 mln (11 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 8 "hold" and 3 "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 $17.00, about 18.1% above its September 2 closing price of $13.92

The stock recently traded at 48 times the next 12-month earnings vs. a P/E of 76 three months ago

Press Release: ID:nBw5cJhZga

(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.)