US Stocks Move｜Gitlab drops 8.8% pre-market as Q4 results are mixed and current fiscal year guidance falls short of expectations

Gelonghui March 4｜Gitlab (GTLB.US) fell 8.8% in pre-market trading, quoted at $24.34. According to the news, Gitlab announced mixed results for fiscal year 2026 Q4, with revenue up 23% year-on-year to $260 millions, and adjusted earnings per share of $0.3, both exceeding market expectations. The company's annual recurring revenue (ARR) for this fiscal year surpassed the important milestone of $1 billions. However, customer growth indicators showed a worrying slowdown: customers with ARR over $5,000 grew only 8% year-on-year (compared to 10% in Q3), while the growth rate of customers with ARR over $100,000 slowed from 23% to 18%. Looking ahead to fiscal year 2027, management expects revenue to be between $1.099 billions and $1.118 billions, representing a year-on-year increase of 15% to 17%, which is below the market expectation of $1.126 billions; adjusted earnings per share are expected to be between $0.76 and $0.8, also below the market expectation of $1.03. (Gelonghui)