Asana (ASAN) Earnings: Q2 Fiscal 2027 Results and Next Report Date

The quarter ended July 31, 2026 and Asana published the results on September 3, 2026. Revenue and diluted EPS are shown against Q2 fiscal 2026, the same quarter a year earlier, which takes seasonal swings out of the comparison. Asana reports EPS two ways: GAAP, under the accounting rules every US filer follows, and non-GAAP, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Asana's fiscal year ends January 31, so Q2 fiscal 2027 covers May through July 2026.
• Asana discloses revenue only by geography, United States and International.

Source: Asana Q2 fiscal 2027 results, September 3, 2026. Also in the Form 10-Q for the quarter ended July 31, 2026. Figures as reported; checked against the release on November 10, 2026.

How Asana splits revenue in its own release, under its own labels, for Q2 fiscal 2027 against Q2 fiscal 2026. Indented lines are parts of the line above them.

• Asana's United States revenue was $129 million in Q2 fiscal 2027, up 10% from $117 million in Q2 fiscal 2026, 59% of total revenue.
• Asana's International revenue was $87.8 million in Q2 fiscal 2027, up 9% from $80.4 million in Q2 fiscal 2026, 41% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

The first two quotes are Asana's outlook for Q3 fiscal 2027; the last two are for the full fiscal year 2027, which ends January 31, 2027.

In its Q2 fiscal 2027 release, Asana said:

“Revenues of $217 million to $219 million, representing year-over-year growth of 8% to 9%.”

“Non-GAAP net income per share of $0.08, assuming diluted weighted average shares outstanding of approximately 236 million.”

“Revenues of $858.5 million to $863.5 million, representing year-over-year growth of 9%.”

“Non-GAAP net income per share of $0.37, assuming diluted weighted average shares outstanding of approximately 239 million.”

Source: Asana Q2 FY27 release, Sep 3, 2026.

This is the company's own guidance as of Sep 3, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the ASAN forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP revenues and diluted net loss per share, each as first reported in that quarter's release.

Asana's next report is scheduled for December 1, 2026. This page will show Q2 fiscal 2027 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q2 fiscal 2027 (this page), reported Sep 3, 2026

Asana derives substantially all of its revenue from seat-based subscriptions to its work management platform and add-on products. In Q2 fiscal 2027 revenues were $216.4 million, up 10%, of which customers in the United States contributed $128.6 million and international customers $87.8 million. (Asana Q2 FY27 release (Form 8-K, Exhibit 99.1), Sep 3, 2026; Asana Form 10-Q, Q2 FY27, Sep 3, 2026)

Asana's 10-Q attributes the $19.5 million increase mainly to new paying customers and a continued shift in sales mix toward its higher priced Enterprise+ plan. Core customers, those spending $5,000 or more a year, grew 7% to 26,778, and revenue from them grew 11%. Customers spending $100,000 or more grew 16% to 890. (Asana Form 10-Q, Q2 FY27, Sep 3, 2026; Asana Q2 FY27 release (Form 8-K, Exhibit 99.1), Sep 3, 2026)

Expansion from existing customers is still below 100%. Asana's overall dollar-based net retention rate was 97%, and 98% for both Core customers and customers spending $100,000 or more, which means existing accounts as a group spent slightly less than a year earlier. (Asana Q2 FY27 release (Form 8-K, Exhibit 99.1), Sep 3, 2026)

Remaining performance obligations were $522.0 million at July 31, 2026, of which Asana expects to recognize about 81% over the next 12 months. Current deferred revenue was $350.3 million. (Asana Form 10-Q, Q2 FY27, Sep 3, 2026; Asana Q2 FY27 release (Form 8-K, Exhibit 99.1), Sep 3, 2026)

Asana lost $39.2 million on a GAAP basis in Q2 fiscal 2027, or $0.17 per share, and earned $23.8 million, or $0.10 per diluted share, on a non-GAAP basis. Nearly all of the gap is stock-based compensation related charges of $58.6 million. Asana also excludes $2.5 million of restructuring costs, $1.4 million of acquisition-related costs and $0.5 million of intangible asset amortization. (Asana Q2 FY27 release (Form 8-K, Exhibit 99.1), Sep 3, 2026)

Gross margin fell to 86.0% from 89.7%. Cost of revenues rose 50%, mainly from $4.1 million more in third-party hosting costs and $2.0 million more in infrastructure costs, plus amortization of technology acquired with StackAI. (Asana Q2 FY27 release (Form 8-K, Exhibit 99.1), Sep 3, 2026; Asana Form 10-Q, Q2 FY27, Sep 3, 2026)

Asana is shrinking its share count. It repurchased 7.4 million shares for $51.5 million in the quarter, at an average of $6.92, and $102.9 million remained under its program at July 31, 2026. Weighted-average basic shares fell to 230.8 million from 236.2 million. (Asana Form 10-Q, Q2 FY27, Sep 3, 2026; Asana Q2 FY27 release (Form 8-K, Exhibit 99.1), Sep 3, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Asana gives quarterly and full-year guidance in its release. For Q3 fiscal 2027 it expects revenues of $217 million to $219 million, growth of 8% to 9%, non-GAAP operating income of $18 million to $19 million and non-GAAP EPS of $0.08. For fiscal 2027 it raised its outlook to revenues of $858.5 million to $863.5 million and non-GAAP EPS of $0.37, with non-GAAP operating income of $84.5 million to $86.5 million. (Asana Q2 FY27 release (Form 8-K, Exhibit 99.1), Sep 3, 2026)

Asana's next report covers the quarter ending October 31, 2026. Its chief financial officer said Asana sees an opportunity to build consumption- and outcome-based revenue alongside seats as its AI products roll out. (Asana Q2 FY27 release (Form 8-K, Exhibit 99.1), Sep 3, 2026)

A consensus figure is the average of the models published by the analysts who cover Asana, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Asana's own release and filings put weight on for Q2 fiscal 2027, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning ASAN is on is ASAN a buy or a sell?, what analysts expect next is on the ASAN forecast, and what the company does is on the Asana (ASAN) stock page.

Every number on this page can be traced to a document Asana published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.