Gitlab IncGTLB
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GitLab beat Q2 estimates and raised full-year guidance, driving shares up 10.9%.
Impact on stocks 1
Cloud & Digital Infrastructure
Gitlab IncGitLab shares surged 10.9% in afternoon trading after the devSecOps platform provider reported second-quarter 2026 results that beat Wall Street estimates for both revenue and earnings. Total revenue came in at $286.3 million, up 21.3% year over year and above the consensus of $273.1 million, while adjusted earnings per share of $0.24 topped the expected $0.18. The company also recorded billings of $305 million, a 24.3% increase, and CEO Bill Staples noted the sales team delivered the largest gross bookings quarter in company history, with its Flex offering drawing over $20 million from more than 130 customers in six weeks. Looking ahead, GitLab raised its full-year revenue guidance to $1.13 billion at the midpoint and lifted its adjusted EPS outlook to $0.86, reflecting early success with Flex and AI-powered products. The stock is up 37.4% year to date, trading near its 52-week high of $51.04.
Gitlab IncGitLab beat Q2 estimates and raised full-year guidance, driving shares up 10.9%.