Asana Shares Climb on Strong Q2 Earnings and Raised Outlook

Asana, Inc. (ASAN) shares climbed more than 7% in after-hours trading Wednesday after the company and raised its full-year financial guidance, signaling robust growth in its enterprise customer base.

The work management platform announced adjusted earnings of six cents per share for the quarter, narrowly surpassing the Wall Street consensus estimate of five cents. Quarterly revenue reached $196.94 million, exceeding analysts' projections of $193.01 million and representing a significant increase from the $179.21 million reported in the same period last year.

A key driver of the positive results was Asana's success in expanding its footprint with high-value clients. The company reported that its number of Core customers, those spending $5,000 or more annually, grew by 9% year-over-year to 25,006. More impressively, the number of customers spending over $100,000 annually increased by 19% to 770, indicating strong momentum in the large enterprise segment.

“Every company is looking for the productivity unlock from AI. With the Asana Work Graph and AI Studio, we bring AI workflows directly into the flow of work — so teams move faster, operate more efficiently, and deliver stronger business outcomes,” said CEO Dan Rogers, highlighting the company's strategic focus. He noted that this is a "massive, underserved opportunity" that Asana is executing on with new and upcoming AI features.

Buoyed by the strong quarter, Asana raised its fiscal 2026 outlook. The company now anticipates adjusted earnings per share between 23 and 25 cents and has lifted its revenue forecast to a range of $780 million to $790 million. While the revised guidance is a positive signal, , suggesting a cautious but optimistic path forward.

Following the announcement, Asana's stock was up 7.80% to $15.34 in extended trading, reflecting investor confidence in the company's growth trajectory and its ability to capitalize on the demand for AI-powered productivity tools.