Several companies, including Asana and Signet Jewelers, released quarterly earnings results for the period ending in late April or early May 2025. Asana reported first quarter fiscal 2026 revenue of $187.3 million, a 9% year-over-year increase, exceeding analyst expectations. Adjusted earnings per share were $0.05, also above consensus estimates. The company achieved non-GAAP profitability for the first time with a 4% operating margin, a non-GAAP gross margin of 90%, and free cash flow of $10 million. Asana's trailing twelve-month revenue reached $739 million, and it reported 24,297 core customers and 728 customers spending $100,000 or more annually. However, the net retention rate remained below 100% for the fourth consecutive quarter, and shares declined over 6% in after-hours trading amid concerns about slowing revenue growth. Business highlights for Asana included the full rollout of AI Studio, which surpassed $1 million in annual recurring revenue in its first full quarter of availability. The company also introduced the AI Studio Plus package and Smart Workflow Gallery, and expanded integrations with Microsoft Teams and Salesforce. Asana provided second quarter guidance of $192 million to $194 million in revenue and adjusted EPS of $0.04 to $0.05, both slightly above analyst expectations. For the full fiscal year, Asana expects revenue of $775 million to $790 million and adjusted EPS of $0.22. Signet Jewelers reported first quarter fiscal 2026 revenue of $1.54 billion, with adjusted EPS of $1.18. Same-store sales grew 2.5%, and adjusted operating income reached $70 million, up more than 20% year-over-year. The company reported a merchandise average unit retail increase of 8% and GAAP operating income of $48.1 million. Signet raised its full-year guidance following these results and completed a share buyback exceeding 5% of outstanding shares. Signet shares rose 13% in pre-market trading following the announcement. Other companies mentioned, such as Hewlett Packard and Nio, were expected to report earnings around June 3, with options markets pricing in notable stock movements, but their results were not available at the time of this report.
Asana shares drop as Q1 results top estimates but revenue growth slows https://t.co/me1fn17Ogd
Key Takeaways from $ASAN's Earnings Call Key Financial Results: - Q1 revenue was $187.3 million, up 9% year-over-year, exceeding guidance - Achieved non-GAAP profitability for first time with 4% operating margin, improving over 1,300 basis points year-over-year - Adjusted free https://t.co/Ktcnj30hJR
Asana Announces First Quarter Fiscal 2026 Results https://t.co/rIpnMQPC6G https://t.co/CrWG2kWIfR