Asana Posts 10% Revenue Growth, Raises Full-Year Guidance — Asana, Inc.

Event summary

Asana reported Q2 fiscal 2027 revenue of $216.4M, up 10% YoY.
Non-GAAP operating margin expanded to 10%, up 3 percentage points YoY.
Core customers (spending $5K+ annually) grew 7% YoY to 26,778.
Acquired StackAI to extend AI capabilities into CRMs, ERPs, and enterprise infrastructure.
Achieved FedRAMP® Moderate Authorization for Asana Gov, opening U.S. federal government market.

The big picture

Asana's Q2 results highlight its strategic pivot towards AI-driven workflows and government contracts. The company's ability to integrate AI capabilities and secure high-value customers will be critical in sustaining its growth trajectory. The acquisition of StackAI positions Asana to compete more effectively in the enterprise market, while FedRAMP authorization opens a lucrative federal government segment.

What we're watching

AI Adoption: How Asana's AI Studio and AI Teammates will drive deeper customer engagement and retention.
Government Market: Whether FedRAMP authorization will significantly boost Asana's revenue from federal customers.
Revenue Diversification: The pace at which Asana can expand consumption- and outcome-based revenue streams alongside seats.