Asana

Q2 FY2027 EarningsQ2 FY27 delivered a top-line beat and strong cash flow performance, with revenue reaching $216.4M vs. $214.2M consensus. Non-GAAP operating income of $21.8M significantly exceeded the $19.2M expectation, supported by disciplined cost management in sales and marketing. However, GAAP gross margin of 86.0% missed the 88.5% target due to rising infrastructure and hosting costs. High-value customer momentum remained robust, as the count of customers spending >$100k grew 16% YoY to 890, while free cash flow reached $40.0M, comfortably ahead of expectations.