Asana Exceeds Q2 Revenue Guidance, Accelerates AI Studio Adoption

Asana has updated its full-year revenue guidance to $780M-$790M, citing a solid Q2 performance with revenues up 10% YoY, exceeding the top end of guidance. CEO Daniel Rogers highlighted strong contributions from all customer cohorts and geographies, with international growth accelerating. The company is also accelerating the adoption of its AI Studio product.

Asana, Inc. (NYSE: ASAN), a leading work management platform for human and AI collaboration, has announced its second-quarter fiscal 2026 results, which exceeded expectations. The company's revenue for the quarter reached $196.9 million, a 10% year-over-year increase, surpassing the high end of its guidance. This performance has led Asana to update its full-year revenue guidance to $780.0 million to $790.0 million, representing an 8% to 9% year-over-year growth.

CEO Daniel Rogers highlighted the strong contributions from all customer cohorts and geographies, noting that international growth has accelerated. The company's AI Studio product has also seen increased adoption, contributing to the robust quarterly performance. The number of core customers, defined as those spending $5,000 or more annually, grew to 25,006, an increase of 9% year-over-year, and revenues from these customers grew by 12%.

Asana's non-GAAP operating margin improved by 16 percentage points year-over-year, and the company has raised its non-GAAP operating margin guidance for the full year to $46.0 million to $50.0 million, with a projected 6% operating margin. This improvement reflects Asana's confidence in its ability to drive long-term, durable growth and sustained profitability.

For the third quarter of fiscal 2026, Asana expects revenues of $197.5 million to $199.5 million, representing year-over-year growth of 7.4% to 8.5%. The company also expects non-GAAP operating income of $12.0 million to $14.0 million, with a 6% to 7% operating margin. Non-GAAP net income per share is expected to be $0.06 to $0.07, assuming diluted weighted average shares outstanding of approximately 244 million.

These updated financial forecasts underscore Asana's strong performance and growing market presence. The company's focus on AI integration and international expansion is expected to continue driving growth in the coming quarters and years.

References:
[1] https://investors.asana.com/news-releases/news-release-details/asana-announces-second-quarter-fiscal-2026-results