GitLab Inc. reported revenue of $286.3 million for the second quarter of fiscal 2027, a 21% year-over-year increase that surpassed analyst expectations. Performance was bolstered by record bookings and increased penetration of the enterprise market through AI-driven DevSecOps orchestration.

Key Highlights

  • Net ARR growth exceeded 40% year-over-year, driven by record quarterly gross bookings and momentum in the Duo Agent Platform.
  • High-value customer acquisition remained strong, with clients contributing over $100,000 in ARR rising 17% year-over-year to 1,571.
  • Dollar-based net retention rate was 117%, reflecting sequential acceleration in customer expansions and tier upgrades.
  • Non-GAAP operating margin reached 15%, while the company utilized capital to repurchase approximately 3.5 million shares during the period.