Corrects 2026 Non GAAP outlook for net income to $0.88 - $0.89 from $0.95 - $0.96 after company updated numbers

Overview

• GitLab Q3 fiscal 2026 revenue up 25% yr/yr, beating analyst expectations

• Adjusted EPS for Q3 fiscal 2026 beats analyst estimates

• GitLab appoints Jessica Ross as CFO, effective January 15, 2026

Outlook

• GitLab expects Q4 FY 2026 revenue between $251 mln and $252 mln

• Company forecasts FY 2026 revenue of $946 mln to $947 mln

• GitLab projects Q4 FY 2026 non-GAAP operating income of $38 mln to $39 mln

• Company anticipates FY 2026 non-GAAP diluted EPS of $0.88 to $0.89

Result Drivers

• PLATFORM ENGAGEMENT - CEO Bill Staples cites increased engagement across GitLab's platform as a key driver for revenue growth

• STRATEGIC INVESTMENTS - Interim CFO James Shen attributes revenue growth to strategic investments and sustainable growth efforts

• AI MARKET POSITIONING - GitLab's architecture facilitates trust and accuracy in AI, aiding its market positioning

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 22 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the software peer group is "buy"

• Wall Street's median 12-month price target for GitLab Inc is $58.00, about 29.1% above its December 1 closing price of $41.15

• The stock recently traded at 42 times the next 12-month earnings vs. a P/E of 56 three months ago

Press Release: ID:nBw5zlBVQa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)