$ASAN

Asana (ASAN) reported Q2 2027 revenue of $216.4M, up 10% YoY, exceeding guidance. Non-GAAP operating margin was 10.1%, up 300 bps YoY. Net retention rates improved across all cohorts, with AI products driving 25% of net new ARR. The company faces PLG headwinds and gross margin pressure due to AI investments. Q3 revenue guidance is $217M-$219M, with full-year revenue expected at $858.5M-$863.5M, up 9% at the midpoint.

US equities show divergence with semiconductor and biotech stocks rising, while software stocks fall. Belite Bio (BLTE) and Aehr Test Systems (AEHR) lead gains, while Guidewire Software (GWRE) and lululemon (LULU) lead declines. SanDisk (SNDK), Cohu (COHU), and Cerebras Systems (CBRS) also see notable gains. Fair Isaac (FICO), UiPath (PATH), and Asana (ASAN) experience significant drops.

NVIDIA (NVDA) agreed to acquire Hugging Face for $12.93B. Ambarella (AMBA), Asana (ASAN), Samsara (IOT), and others reported earnings beats. Dell (DELL) and Salesforce (CRM) saw strong AI-driven demand. NIO (NIO) missed revenue estimates. TSMC (TSM) raised chip equipment spending. Meta (META) opposed AI regulation. Broadcom (AVGO) and Microsoft (MSFT) expanded AI chip and reporting initiatives.

Asana (ASAN) reported Q2 2027 revenue beat, driven by U.S. growth and AI products contributing 25% of net new ARR. Management raised AI product target to 20% of net new ARR for the year. Gross margins expected to exit in mid-80s due to AI costs. Guidance includes a $1.2M revenue timing headwind from consumption-based billing. New applications expected to contribute meaningfully in 2028.

Asana (ASAN) reported Q2 2027 revenue of $216.4M, up 10% YoY, with a 10.1% non-GAAP operating margin. Core revenue grew 11%, and cash flow improved. Agentic Work Management, launching Q3, may introduce new revenue streams. Retention remains a concern at 97%. GAAP vs. non-GAAP margin gap is significant. Fiscal 2027 guidance expects ~9% revenue growth and ~10% non-GAAP margin.

Asana (ASAN) reported Q2 2027 earnings, beating revenue and profit estimates with 10% revenue growth to $216.4M. Core clients and high-spending customers increased by 7% and 16%, respectively. Adjusted net income rose 57% to $23.8M. Despite positive results, shares fell 13% on Friday due to guidance showing slightly lower growth expectations of around 9% for the full year, below investor hopes for stronger growth.

Asana (ASAN) shares dropped 13.3% after reporting Q2 earnings. AI products contributed 25% of new revenue but are expected to reduce gross margins by 1.5% in H2. Q3 revenue guidance of $217M-$219M implies slower growth. Adjusted EPS guidance of $0.08 missed estimates. Revenue grew 10% YoY to $216.4M, with adjusted EPS of $0.10.

Asana reported Q2 revenue of $216.4M, up 10% YoY, and net income of $23.8M. Shares fell 14% due to weaker-than-expected guidance. AI products drove 25% of new ARR. Q3 revenue guidance is $217M-$219M, with EPS below consensus. Analysts adjusted price targets but maintained neutral ratings.

Guidewire Software dropped 21% after lowering revenue guidance. Tesla fell 6% due to a safety investigation. Sandisk and KLA rose over 7% as semiconductor stocks rallied. Quanex surged 19% on strong earnings. AMC gained 6.5% after CEO criticized Robinhood. Credit monitoring stocks fell following regulatory comments. Smith & Wesson rose 6% on earnings beat. Lululemon tumbled 17% on weak forecast. Zscaler slipped 5% despite earnings beat. Adobe fell 6% with CEO announcement. Asana tanked 14% on gu

Asana Inc. (ASAN) shares fell 14.22% after Q2 revenue of $216.4M, a net loss of $39.2M, and weak guidance. The company's gross margin was 88.5%, but profitability remains a challenge. The stock dropped from around $10 to $8.91, with insider selling adding to the pressure.