GitLab Inc. (GTLB) reported significant growth in demand for its DevSecOps platform, driven by partnerships with major cloud providers like Amazon Web Services (AWS) and Google Cloud. As of the first quarter of fiscal 2026, GitLab had 10,104 customers generating over $5K in Annual Recurring Revenue (ARR), marking a 13% increase year-over-year, and 1,288 customers with more than $100K in ARR, up 26% year-over-year.
Despite this growth, GitLab faces stiff competition from Microsoft and Atlassian, which offer robust DevSecOps solutions. Year-to-date, GitLab’s shares have decreased by 18.6%, while the broader Zacks Computer & Technology sector has seen a return of 10.6%. The company’s forward 12-month Price/Sales ratio stands at 7.21X, compared to the industry’s 5.90X.
The Zacks Consensus Estimate for GitLab’s earnings in the second-quarter fiscal 2026 is set at 16 cents per share, reflecting a 6.67% increase from the previous year, while the annual earnings consensus stands at 75 cents per share, indicating a growth of 1.35% year-over-year.
