Asana IncASAN
▼ NegativeCapitalrelevance
Q2 miss and weak guidance on profitability concerns
Impact on stocks 2
Artificial Intelligence
Asana IncCloud & Digital Infrastructure
Snowflake Inc.SNOW
Mentioned
Asana's shares fell 14% in afternoon trading after the company reported second-quarter 2026 financial results that missed market expectations. Revenue grew 9.9% year over year to $216.4 million, with adjusted operating margin expanding to 10.1%, and management slightly raised full-year revenue guidance to $861 million at the midpoint while reiterating adjusted earnings guidance of $0.37 per share. However, the market reacted negatively to forward-looking profitability concerns, as the upcoming quarter's earnings per share guidance missed Wall Street's expectations and full-year earnings guidance fell slightly short of consensus. Additionally, gross profit margin contracted by 3.7 percentage points year over year to 86%, raising concerns about increased competition and pricing pressure.
Asana IncQ2 miss and weak guidance on profitability concerns
Snowflake Inc.