Asana Q2 Revenue Up on AI Studio Surge

Asana(NYSE:ASAN) reported fiscal second quarter 2026 results (period ended July 31, 2025) on September 3, 2025, posting GAAP revenue of $196.9 million (up 10% year over year), a non-GAAP operating margin of 7%, and a dollar-based net retention rate (NRR) of 96%. The company highlighted rapid AI Studio adoption, international momentum, and significant margin expansion, while management raised the low end of full-year fiscal 2026 revenue guidance to $780 million to $790 million. The following insights detail the most impactful strategic and financial developments from the call.

Quarterly annual recurring revenue (ARR) from AI Studio, Asana’s no-code AI workflow platform, more than doubled sequentially, with customer case studies including Morningstar (saving nearly 15,000 person-hours annually), a global chemicals company expanding from 2,500 to 4,500 users, and a leading AI foundation model provider nearly doubling its footprint. The number of $100,000-plus customers grew 19% year over year, and non-tech verticals continued to grow in the mid-teens.

AI Studio’s rapid adoption and integration into both self-serve and enterprise accounts positions Asana to deepen customer relationships, increase expansion opportunities, and support a long-term shift to a multiproduct model that enhances platform stickiness and revenue durability.

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Source Fool.com