GitLab rises after upbeat Q2 results
01/09/2026 22:39
BUZZ-GitLab rises after upbeat Q2 results ** Shares of software development firm GitLab GTLB.O rise ~17% to $53 in extended trading
** Reports Q2 revenue of $286.3 million, compared with analysts' estimate of $273.1 million
** Posts Q2 adjusted earnings per share of 24 cents, above analysts' average expectations of 18 cents
** CEO Bill Staples said the growing use of AI in software development is increasing demand for GitLab's security, governance and control tools
** Expects full-year adjusted earnings per share in the range of 85 cents to 87 cents
** Median PT of 29 brokerages covering the stock is $40 - data compiled by LSEG
** Up to last close, stock up ~20% YTD
(Reporting by Megavarshini G. Somasundaram in Bengaluru)
((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))