Asana, Inc. (ASAN) shares surged 8.22% 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. 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.