Core Insights - GitLab (GTLB) shares have declined by 16.8% year-to-date, underperforming the broader Zacks Computer & Technology sector, which has risen by 7%, and the Zacks Internet - Software industry, which has increased by 16.2% [1][2][10] - The underperformance is attributed to macroeconomic uncertainties and heightened competition in AI-enabled DevSecOps, particularly from larger competitors like Microsoft [2][10] - Despite challenges, GitLab is experiencing strong demand for its DevSecOps platform, with significant growth in its customer base [4][5] Stock Performance - GitLab's stock has lagged behind Microsoft, which has gained 19.4% year-to-date [2][10] - The company reported a 13% year-over-year increase in customers with over $5K in Annual Recurring Revenue (ARR) and a 26% increase in customers with over $100K in ARR in Q1 FY26 [5][10] Product and Portfolio Expansion - GitLab launched GitLab 18 in May 2025, introducing AI-native features and integrated tools for Premium and Ultimate customers at no additional cost [6][7] - The company achieved FedRAMP Moderate Authority to Operate status for GitLab Dedicated for Government, enhancing its offerings for federal agencies [8] Partnerships and Collaborations - GitLab is leveraging partnerships with major cloud platforms like Google Cloud and Amazon to expand its reach among large enterprise customers [11][12] - The integration of Amazon Q's AI agents into GitLab's platform aims to accelerate development and streamline security processes [11] Financial Guidance - For Q2 FY26, GitLab expects revenues between $226 million and $227 million, reflecting a growth of approximately 24% year-over-year [13] - For the full fiscal year 2026, the revenue forecast is between $936 million and $942 million, indicating a similar growth rate [14] Earnings Estimates - The Zacks Consensus Estimate for GTLB's Q2 FY26 earnings is 16 cents per share, with a year-over-year increase of 6.67% [15] - The consensus for fiscal 2026 earnings is pegged at 75 cents per share, reflecting a year-over-year increase of 1.35% [16] Valuation Metrics - GTLB is currently trading at a forward price/sales ratio of 7.57X, which is higher than the sector average of 6.57X, indicating a stretched valuation [17]

Key Takeaways GitLab is gaining from strong demand for its DevSecOps platform and enterprise customer expansion. New releases, such as GitLab 18 and Duo with Amazon Q, are enhancing security, AI, and DevOps workflows. GTLB's partnerships with major cloud providers are boosting its footprint among large enterprises.GitLab (GTLB) is benefiting from strong demand for its DevSecOps platform. Its solutions, such as GitLab Ultimate, Dedicated, and GitLab Duo, play a significant role in driving customer adoption ...

Brian Robbins is the CFO of GitLab, a DevSecOps (development, security, and operations) platform that supports software innovation. In this podcast, he joins Motley Fool CEO Tom Gardner and Chief Investment Officer Andy Cross, as well as Fool AI engineer Karl Thiel, for a conversation about: To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. When you're ready to invest, check out this top 10 list of stocks to buy. A full transcript is below. This podcast was recorde ...

Global Research Highlights Halftime Report & All Things "AI" Investment Strategy Resilient growth in a precarious world As we close out the first half of the year, BofA's Head of Global Econ, Claudio Irigoyen, upgrades our 2025 global growth forecast by 20bp, largely explained by China benefiting from the trade truce. We expect the global economy to grow 3% in 2025 and 2026, accelerating to 3.3% in 2027. We forecast global inflation to hover around 2.5% as economies absorb the tariffs shock. While trade de- ...

Core Viewpoint - Artificial intelligence (AI) is positioned as a significant technological advancement with substantial investment potential, still in its early stages [1] Group 1: AI Investment Opportunities - Five top AI-related stocks identified for long-term investment include Nvidia, Broadcom, Taiwan Semiconductor Manufacturing, Palantir Technologies, and GitLab, each with unique niches and growth opportunities [2] Group 2: Nvidia - Nvidia's GPUs are essential for AI infrastructure, holding over 90% market share in the GPU space, driven by increasing demand from cloud computing and tech companies [4][5] - The company's CUDA software platform enhances its competitive edge, making it the preferred choice for AI developers [4] - Continued growth in AI infrastructure spending positions Nvidia as a clear winner in the sector [6] Group 3: Broadcom - Broadcom focuses on networking components and custom AI chip design, with AI networking revenue increasing by 70%, accounting for 40% of total AI revenue [8] - The potential market for custom AI chips is estimated between $60 billion to $90 billion, with significant demand expected from top customers [9] - Transitioning VMWare customers to subscription models and its VMware Cloud Foundation platform further strengthens Broadcom's position [10] Group 4: Taiwan Semiconductor Manufacturing - Taiwan Semiconductor Manufacturing is a leader in advanced semiconductor manufacturing, producing AI chips for major clients like Nvidia and Apple [12] - High-performance computing now constitutes 59% of its revenue, up from 46% a year ago, indicating strong growth driven by AI [13] - TSMC's advanced-node capacity and pricing power position it favorably in the AI infrastructure build-out [14] Group 5: Palantir Technologies - Palantir focuses on the applications and workflow layers of AI, developing an AI operating system that organizes data for various industries [16] - The company's AI Platform (AIP) has seen a 39% revenue increase last quarter, showcasing its growth potential [17] - Despite high valuation risks, Palantir's unique position in the AI space presents significant opportunities [18] Group 6: GitLab - GitLab leads in the DevSecOps space, enhancing software development productivity through AI-driven tools [20] - The company has achieved strong revenue growth of 25% to 40% over the past two years, with a 122% dollar-based net retention rate [21] - GitLab's technology is enhancing, rather than replacing, software developers, driving its growth trajectory [22]

以Mike Cikos为首的Needham分析师团队表示："GitLab公布了有史以来超出预期的幅度最小的财报，仅比营收指引的高端高出0.7%(过去4个季度的平 均水平为3.2%)。" Cikos补充道："管理层提到了SaaS产品组合规模扩大和线性化带来的不利影响。我们认为，颠覆的速度以及Cursor和Windsurf等竞争产品的涌现，正 在市场上制造噪音。" 尽管存在这些问题，Cikos仍然看好这家软件开发平台提供商。Cikos仍将GitLab与微软(MSFT.US)的Github视为两大领先的 DevSecOps平台。 CFRA维持对GitLab的"买入"评级，但将目标价从69美元下调至49美元。 CFRA分析师Janice Quek表示："虽然我们注意到该季度客户增长的放缓幅度超过预期，但我们也看到了一些积极因素，比如剩余履约价值(RPO)强 劲，反映出良好的交易势头和订单积压。GTLB提到了部分低端市场客户的成本敏感性，我们认为这可能是一个短期问题，与2025年4月的宏观经济 波动有关。" 智通财经APP获悉，软件开发商GitLab(GTLB.US)在公布略好于市场预期的第一季度业绩后，股价大幅下跌， ...

GitLab Inc. (GTLB -10.45%) reported Q1 FY2026 results on June 10, 2025, posting revenue grew 27% year-over-year to $214.5 million and a non-GAAP operating margin reached 12%. The earnings call highlighted accelerated AI adoption, strategic customer wins, record adjusted free cash flow, and reaffirmed its guidance of approximately 24% top-line growth for FY2026, delineating critical platform initiatives and market expansion opportunities for long-term investors.Accelerated AI-Driven Product Adoption and Key ...

Key Takeaways GTLB posted Q1 non-GAAP earnings of 17 cents per share, topping estimates and up from 3 cents a year earlier. Revenue rose 27% to $214.4M, driven by strong DevSecOps demand and SaaS growth of 35% Y/Y. GTLB shares fell 13% post-earnings on AI competition worries and uncertainty in the public sector.GitLab (GTLB) reported first-quarter fiscal 2026 non-GAAP earnings of 17 cents per share, beating the Zacks Consensus Estimate by 13.33%. The company reported earnings of 3 cents per share in the y ...

Investor Presentation First Quarter Fiscal Year 2026 © GitLab Inc. First quarter fiscal year 2026 results $215M Revenue1 27% Revenue Growth1 12% Q1 FY26 Non-GAAP Operating Margin1 49% Q1 FY26 Non-GAAP Adj. Free Cash Flow Margin1 122% Dollar-Based Net Retention Rate1 10,104 Base Customers1 1,288 $100K ARR Customers1 1 Platform Note: Figures as of the three months ended April 30, 2025 Q1 FY26) unless otherwise noted. 1 Definitions and reconciliations with most directly comparable GAAP figure can be found in t ...

Financial Data and Key Metrics Changes - First quarter revenue increased by 27% year over year to $215 million, with a non-GAAP operating margin of 12% [5][24] - Non-GAAP gross margin was 90% for the quarter, with non-GAAP operating income of $26.1 million compared to a loss of $3.8 million in the same quarter last year [28][29] - Adjusted free cash flow reached $104.1 million, representing a record adjusted free cash flow margin of 49% [31] Business Line Data and Key Metrics Changes - The SaaS segment accounted for 30% of total revenue, growing 35% year over year [28] - The number of customers with ARR of at least $5,000 reached 10,104, contributing over 95% of total ARR [25] - The dollar-based net retention rate (DBNRR) was 122%, driven by seat expansion (80%), increased customer yield (5%), and tier upgrades (15%) [26][27] Market Data and Key Metrics Changes - Total remaining performance obligations (RPO) grew by 40% year over year to $955.1 million, while current RPO (CRPO) grew by 34% year over year to $584.8 million [27] - The larger customer cohort of $100,000+ in ARR increased by 26% year over year, reaching 1,288 [25] Company Strategy and Development Direction - The company positions itself as the only AI-native, cloud-agnostic, model-neutral DevSecOps platform, emphasizing its unique capabilities in the software development lifecycle [6][7] - GitLab aims to enhance its AI capabilities and integrate them throughout the platform, focusing on security and compliance as key drivers for adoption [10][22] - The company is expanding its market presence through partnerships, such as with AWS, to enhance customer engagement and showcase its solutions [13][22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to generate sustainable growth and enhance profitability despite evolving market conditions [24][30] - The outlook for the second quarter expects total revenue of $226 million to $227 million, representing a growth rate of approximately 24% year over year [30] - Management noted that the macroeconomic environment remains cautious, but demand for the platform continues to be strong [104] Other Important Information - GitLab achieved FedRAMP moderate authorization for its dedicated SaaS solution, which is expected to boost its public sector business [19] - The company is on track to launch GitLab Duo Workflow, an AI solution, in the upcoming months [13][33] Q&A Session Summary Question: Customer Conversations on AI - Management noted that AI is a central topic in customer discussions, with teams looking to leverage AI for productivity and innovation [38] Question: Growth Metrics and Deal Linearity - Management confirmed that the quarter's performance was consistent with expectations, with a mix favoring SaaS and back-end weighted linearity [44][45] Question: Customer Additions and Pricing Changes - Management indicated that while there was a deceleration in new customer additions, it did not impact financials significantly [49][51] Question: AI's Impact on Developer Job Growth - Management believes that AI will increase the number of code creators and overall code volume, benefiting GitLab's business model [60][61] Question: Enhancements with GitLab 18 - Management highlighted the focus on creating value through AI integration and enhancing collaboration between humans and agents [68][70]