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For the second quarter of fiscal 2027, GitLab expects revenues between $272 million and $274 million. Non-GAAP earnings for the fiscal second quarter are expected to be between 17 cents and 18 cents per share.
The Zacks Consensus Estimate for second-quarter fiscal 2027 revenues is pegged at $273.30 million, representing a 15.82% increase from the year-ago quarter’s reported figure.
The consensus mark for earnings has remained unchanged at 18 cents per share over the past 30 days. GitLab reported earnings of 24 cents per share in the year-ago quarter.
GTLB beat the Zacks Consensus Estimate in each of the last four quarters, delivering an average earnings surprise of 30.11%.
Let us see how things have shaped up for the upcoming announcement.
Key Factors to Note
GitLab’s fiscal second-quarter performance is expected to have benefited from continued strength in its enterprise DevSecOps business, rising customer adoption and expanding demand for AI-enabled software development. In the first quarter of fiscal 2027, revenues rose 23% year over year to $264 million, while customers generating more than $100,000 in annual recurring revenue increased 18% to 1,519. Dollar-based net retention stood at 117%. Gross bookings growth also reached its highest level in four quarters. New-logo growth increased 30% year over year, supported by product-led growth and expanding sales capacity.
Rising demand for GitLab’s cloud offerings is expected to have benefited the GTLB’s to-be-reported quarter’s performance. GitLab Dedicated surpassed $70 million in annual recurring revenue, while SaaS revenues increased 37% year over year in the first quarter of fiscal 2027. Platform activity remained strong, with code pushes across paid SaaS customers increasing 49% year over year and CI pipeline growth accelerating to 38% in April 2026. The company’s cloud-neutral architecture and platform reliability could further help it capture enterprise demand as AI workloads increase infrastructure requirements.
The company is also likely to benefit from increasing adoption of GitLab Duo Agent Platform (DAP). DAP generated nearly $20 million in paid consumption run rate at the end of its first full quarter, while its fiscal first-quarter net ARR contribution exceeded the combined contribution of Duo Pro and Duo Enterprise in any prior quarter. The company expanded collaborations with AWS and Google Cloud so customers can power DAP with Amazon Bedrock or Vertex AI, aligning spend with existing cloud commitments.
However, intense competition, seat contraction in price-sensitive cohorts and execution risk as GitLab reduces headcount and exits certain countries are expected to have affected the company’s to-be-reported quarter’s performance.
What Our Model Says
Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
GTLB currently has an Earnings ESP of 0.00% and carries a Zacks Rank of 3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are some companies worth considering, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:
Dell Technologies shares have gained 275.1% in the year-to-date period. Dell Technologies is set to report second-quarter fiscal 2027 results on Sept. 1.
Docusign (DOCU - Free Report) has an Earnings ESP of +1.73% and a Zacks Rank #2.
Shares of Docusign have plunged 6.8% year to date. Docusign is set to report the second-quarter fiscal 2027 results on Sept. 3.
Hewlett-Packard (HPE - Free Report) has an Earnings ESP of +6.54% and a Zacks Rank #2 at present.
Shares of Hewlett-Packard have rallied 126.5% year to date. Hewlett-Packard is slated to report fiscal third-quarter 2026 results on Sept. 2.
View the Zacks #1 Rank List
Image: Bigstock
GitLab Set to Report Q2 Earnings: What's in Store for the Stock?
Key Takeaways
GitLab (GTLB - Free Report) is set to release its second-quarter fiscal 2027 results on Sept. 1, 2026.
For the second quarter of fiscal 2027, GitLab expects revenues between $272 million and $274 million. Non-GAAP earnings for the fiscal second quarter are expected to be between 17 cents and 18 cents per share.
The Zacks Consensus Estimate for second-quarter fiscal 2027 revenues is pegged at $273.30 million, representing a 15.82% increase from the year-ago quarter’s reported figure.
The consensus mark for earnings has remained unchanged at 18 cents per share over the past 30 days. GitLab reported earnings of 24 cents per share in the year-ago quarter.
GitLab Inc. Price and EPS Surprise
GitLab Inc. price-eps-surprise | GitLab Inc. Quote
GTLB beat the Zacks Consensus Estimate in each of the last four quarters, delivering an average earnings surprise of 30.11%.
Let us see how things have shaped up for the upcoming announcement.
Key Factors to Note
GitLab’s fiscal second-quarter performance is expected to have benefited from continued strength in its enterprise DevSecOps business, rising customer adoption and expanding demand for AI-enabled software development. In the first quarter of fiscal 2027, revenues rose 23% year over year to $264 million, while customers generating more than $100,000 in annual recurring revenue increased 18% to 1,519. Dollar-based net retention stood at 117%. Gross bookings growth also reached its highest level in four quarters. New-logo growth increased 30% year over year, supported by product-led growth and expanding sales capacity.
Rising demand for GitLab’s cloud offerings is expected to have benefited the GTLB’s to-be-reported quarter’s performance. GitLab Dedicated surpassed $70 million in annual recurring revenue, while SaaS revenues increased 37% year over year in the first quarter of fiscal 2027. Platform activity remained strong, with code pushes across paid SaaS customers increasing 49% year over year and CI pipeline growth accelerating to 38% in April 2026. The company’s cloud-neutral architecture and platform reliability could further help it capture enterprise demand as AI workloads increase infrastructure requirements.
The company is also likely to benefit from increasing adoption of GitLab Duo Agent Platform (DAP). DAP generated nearly $20 million in paid consumption run rate at the end of its first full quarter, while its fiscal first-quarter net ARR contribution exceeded the combined contribution of Duo Pro and Duo Enterprise in any prior quarter. The company expanded collaborations with AWS and Google Cloud so customers can power DAP with Amazon Bedrock or Vertex AI, aligning spend with existing cloud commitments.
However, intense competition, seat contraction in price-sensitive cohorts and execution risk as GitLab reduces headcount and exits certain countries are expected to have affected the company’s to-be-reported quarter’s performance.
What Our Model Says
Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
GTLB currently has an Earnings ESP of 0.00% and carries a Zacks Rank of 3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are some companies worth considering, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:
Dell Technologies (DELL - Free Report) has an Earnings ESP of +6.20% and a Zacks Rank #1 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Dell Technologies shares have gained 275.1% in the year-to-date period. Dell Technologies is set to report second-quarter fiscal 2027 results on Sept. 1.
Docusign (DOCU - Free Report) has an Earnings ESP of +1.73% and a Zacks Rank #2.
Shares of Docusign have plunged 6.8% year to date. Docusign is set to report the second-quarter fiscal 2027 results on Sept. 3.
Hewlett-Packard (HPE - Free Report) has an Earnings ESP of +6.54% and a Zacks Rank #2 at present.
Shares of Hewlett-Packard have rallied 126.5% year to date. Hewlett-Packard is slated to report fiscal third-quarter 2026 results on Sept. 2.