GitLab Q2 results top estimates as bookings, ARR growth signal momentum
GTLB•Guidance for Q3 and full year
- GitLab expects Q3 revenue between $281 mln and $283 mln
- Company sees full-year revenue of $1.129 bln to $1.133 bln
- GitLab forecasts FY 2027 non-GAAP diluted EPS of $0.85 to $0.87
Analyst coverage and valuation
- The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy", 19 "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 GitLab Inc. is $40.00, about 14.1% below its August 31 closing price of $46.54
- The stock recently traded at 51 times the next 12-month earnings vs. a P/E of 36 three months ago
Quarterly results beat estimates
- DevSecOps platform's fiscal Q2 revenue rose 21%, beating analyst expectations
- Adjusted EPS for fiscal Q2 beat consensus
- Company repurchased about 3.5 mln shares in the quarter
| Metric | Beat/Miss | Actual | Consensus Estimate |
| Q2 Revenue | Beat | $286.30 mln | $273.12 mln (25 Analysts) |
| Q2 Adjusted EPS |
