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GitLab's $286 million quarter puts AI consumption metrics at the center of its growth case

9/7/2026

$286 million in second-quarter fiscal 2027 revenue landed 21.3% above the prior-year period for GitLab Inc.

(NASDAQ: GTLB), beating Wall Street estimates and prompting management to sharply raise its full-year earnings outlook.

Adjusted earnings of 24 cents per share cleared the 18-cent consensus by six cents, while a platform-wide paid consumption run rate exceeding $40 million offers a structural read on the quality of that top-line acceleration.

consensus | |---|---|---| | Q2 FY2027 revenue (reported) | $286M | beat | | Revenue growth (reported) | 21.3% YoY | beat | | Adj. EPS, Q2 (reported) | $0.24 | +$0.06 vs. EPS guidance (projected) | $0.85-$0.87 | vs.