Asana, Inc. (ASAN) shares soared 8.92% in after-hours trading on Wednesday following the release of its second-quarter fiscal 2026 financial results, which exceeded analyst expectations and prompted the company to raise its full-year guidance.

The work management platform reported adjusted earnings per share of $0.06, beating the consensus estimate of $0.05. Revenue for the quarter came in at $196.9 million, a 10% increase year-over-year and above the expected $193 million. Asana's adjusted operating income of $14 million also surpassed analyst projections of $9.34 million.

Asana's Chief Financial Officer, Sonalee Parekh, highlighted the company's better-than-expected growth, noting stabilization in net revenue retention and improvements in customer expansion. The company attributed part of its success to the increasing traction of its AI Studio feature, with ARR more than doubling quarter over quarter.

Looking ahead, Asana raised its full-year fiscal 2026 revenue guidance to between $780 million and $790 million, representing an 8% to 9% year-over-year growth. The company also increased its non-GAAP operating margin outlook, projecting full-year non-GAAP earnings per share of $0.23 to $0.25.

Dan Rogers, Asana's CEO, emphasized the company's position in the growing AI-powered productivity market: "Every company is looking for the productivity unlock from AI. With the Asana Work Graph and AI Studio, we bring AI workflows directly into the flow of work — so teams move faster, operate more efficiently, and deliver stronger business outcomes."